SEOUL, Sept. 25 (Korea Bizwire) — The founder and former chief producer of SM Entertainment, Lee Soo-man, is stepping up his environmental, social and governance (ESG) activities with a tree-planting project in Los Angeles. Lee will participate in the tree-planting event at Seoul International Park on Thursday (local time), according to music industry sources. He [...]
SEOUL, Feb. 16 (Korea Bizwire) — SM Entertainment’s management on Thursday raised a suspicion that the company’s founder and former chief producer, Lee Soo-man, might have evaded taxes through his overseas private company as the management dispute between the two sides deepened. The K-pop company’s co-CEO Lee Sung-soo claimed in a YouTube video that Lee [...]
SEOUL, Oct. 15 (Korea Bizwire) — SM Entertainment announced Friday that it will sever ties with its chief producer Lee Soo-man at the end of this year. SM said its board of directors convened a meeting and decided to terminate a production license contract with Like Planning, a music production company owned by Lee, on [...]
SEOUL, Oct. 28 (Korea Bizwire) – Lee Soo-man, the K-pop mogul who founded SM Entertainment, the nation’s largest management/record label, was awarded a 2016 Asia Game Changer Award, becoming the first Korean to receive the honor. According to SM Entertainment, the company chairman attended the Asia Game Changer Awards ceremony on October 27 at the [...]
SEOUL, May 5 (Yonhap) — Yang Hyun-suk, the chief of YG Entertainment, topped the list of stock-rich celebrities in South Korea as his entertainment agency’s shares rose this year on upbeat business outlook, data showed Tuesday. Yang’s shares in his company listed on the secondary KOSDAQ market were estimated at 201.18 billion won (US$186.12 million) [...]
SEOUL, March 13 (Korea Bizwire) — South Korea’s financial watchdog has imposed sanctions on relatives of big name companies and celebrities for engaging in illegal foreign exchange trading worth US$40 million, officials said Friday. The Financial Supervisory Service (FSS) decided to issue warnings against 39 individuals including LG Group Chairman Koo Bon-moo’s sister and Lee Soo-man, the [...]