[instiz] SM EMPLOYEES "WE OPPOSE HYBE... SUPPORTING CURRENT CEOS LEE SUNGSOO AND TAK YOUNGJOON"

bypannchoa February 17, 2023
Once former chief producer Lee Soo Man was in danger of having his illegal tax evading actions unveiled, he sold his shares to a competitor company that he used to speak ill of and ran away.

Us members of SM have been completely used in former chief producer Lee Soo Man’s illegal acts including fraudulent actions for his personal interests and tax evasion. We cannot be used by HYBE’s illegality and expediency again even before we begin the SM 3.0 project.

Thus, us 208 regular employees of SM Entertainment are releasing the following statement as we cannot hold our anger about former chief producer Lee Soo Man and HYBE’s unlawful collusion.

1. We will protect K-pop’s cultural diversity and SM’s distinct identity. We declare that SM’s culture should not be subordinated to HYBE’s capital.

2. We actively support and stand by CEO Lee Sung Su and COO Tak Young Joon’s self-reflection and their plans for SM 3.0 multi-producing. We also demand stronger protection for our artists and fans so they are not harmed.

3. We oppose HYBE’s hostile M&A and their expedient attempt to enter our board of directors. We will resist HYBE’s attempt to take over SM in an abnormal manner.

“Lee Soo Man deserted SM and Pink Blood and ran away, but we will remain at Seoul Forest and protect SM and Pink Blood.”

Collective of 208 SM Entertainment regular employees
Cr.Soompi


original post: here

1. Just what wrong did Hybe do in this fight that was wrong from their end? Why are they accused of acting illegal and such? ㅋㅋㅋㅋㅋ I can understand that SM's employees don't enjoy being acquired by Hybe, but their wording for such a public statement should've been more thoroughly reviewed before publishing

2. I'm wondering if the wording of "Illegality and expendiency" is the right one? It's true that Lee Sooman is running an illegal business, but it's possible that Hybe wasn't aware of it. How is Bang Sihyuk supposed to know about this?

3. I support them. Fighting 

4. Of course they're free to like it or hate it whenever there's a merger and acquisition but ㅋㅋㅋㅋ If they hate it that much, why don't they just gather money to buy the company's stocks themselves? The way they worded the "illegality and expediency" is quite funnyㅋㅋㅋㅋ

5. SM and Pink Blood...ㅋㅋㅋㅋㅋㅋ

6. It's been long enough that I've lived in KPOP to read this sentence: 
“Lee Soo Man deserted SM and Pink Blood and ran away, but we will remain at Seoul Forest and protect SM and Pink Blood.”
This is just wow ㅎ

7. Fighting 

8. I'm not a fan of either of them, but does Hybe do anything that's supposed to be "illegal and expedient"? 

9. Fighting! I support you!

10. Hybe suddenly became Black Mamba


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