SEOUL, Jul. 17 (Korea Bizwire) — Prosecutors have sought a warrant to arrest Kim Beom-su, the founder of tech giant Kakao Corp., over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year, officials said Wednesday. The Seoul Southern District Prosecutors Office filed for the warrant, the officials said, [...]
SEOUL, Jul. 9 (Korea Bizwire) — Kim Beom-su, the founder of tech giant Kakao Corp., appeared before prosecutors on Tuesday for questioning over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year. Kim presented himself for questioning at the Seoul Southern District Prosecutors Office regarding his alleged involvement [...]
SEOUL, Jun. 14 (Korea Bizwire) — Three members of the popular K-pop group EXO — Chen, Baekhyun and Xiumin — said Friday they will file a lawsuit against their agency, SM Entertainment, for a settlement of accounts, escalating a recently reignited dispute between the two sides. The plan comes in response to a lawsuit filed [...]
SEOUL, Jun. 5 (Korea Bizwire) — K-pop powerhouse SM Entertainment on Wednesday denied rumors of inappropriate conduct in Japan by two members of its popular boy group NCT as “entirely untrue.” The agency announced plans to pursue legal action against those spreading these claims, regardless of nationality. The rumors, which originated in Japan and emerged [...]
SEOUL, Jun. 3 (Korea Bizwire) — SM Entertainment, one of South Korea’s leading K-pop agencies, announced Monday it is holding its first-ever global audition to form a new girl group. The audition began accepting applications Saturday, with the submission period running until June 22. The audition is open to girls worldwide who were born between [...]
SEOUL, Feb. 8 (Korea Bizwire) — K-pop powerhouse SM Entertainment announced Thursday it will be debuting four teams of artists this year, including NCT Wish. The three other groups are a new girl group; Naevis, a helper character in its girl group aespa’s fictional universe; and a boy group based in Britain, according to SM. [...]
SEOUL, July 31 (Korea Bizwire) — SM Entertainment said Monday it will launch Riize, a new boy group composed of seven members, in September. Riize is a combination of the words “rise” and “realize,” which means a team growing and realizing dreams together. It is the first idol group to be launched by SM in [...]
SEOUL, June 1 (Korea Bizwire) — EXO members Baekhyun, Xiumin and Chen have notified their agency, SM Entertainment, that they are terminating their exclusive contracts with the agency, their lawyer said Thursday, a move that is likely to cause a stir in the K-pop scene. The trio cited the agency’s practice of imposing “unfairly long-term” [...]
SEOUL, April 26 (Korea Bizwire) — SM Entertainment, a K-pop powerhouse, said Wednesday it has acquired a local post-production company to reinforce its metaverse and content business capabilities. SM said it acquired a 51 percent stake in Studio Clon a week ago through Studio Kwangya, the agency’s subsidiary specializing in the production of content for [...]
SEOUL, April 17 (Korea Bizwire) — SM Entertainment’s artists will join Weverse, a fan community platform created by Hybe as part of the two K-pop companies’ cooperation plan announced last month, the platform service and SM said Monday. They said 12 teams of K-pop artists who belong to SM will move from Kwangya Club, its [...]