K-Pop (General Discussion)

ohnostalgia

ohnostalgia

Staff member
She/her
Hybe and SM company stans love to fight each other so this will be interesting. I don’t want to think of anyone from Hybe pushing this further into a merger or buyout situation, but I feel like that’s the eventual long term goal (assuming they can get enough shareholders on board). And that would be a horrible situation from a business perspective for the reasons @codecat pointed out above.

One possible silver lining is that I really hope Chris Lee gets fired because he deserves it. It would only be schadenfreude to me for it to happen because he went against his uncle
 
Slice of Life

Slice of Life

Staff member
I’m dumb so I’m just out here reading these SM-HYBE-Kakao updates like
97si.gif


I sincerely hope the best for the artists though. If HYBE/Kakao/etc. disbands Red Velvet, there will be blood.
 
Glitterizer

Glitterizer

Red Velvet - Oh Boy




"SM Entertainment’s largest shareholder and founder, former executive producer Lee Soo Man and HYBE’s chairman, Bang Si Hyuk, have joined hands so that SM Entertainment and HYBE will become game changers in the world’s popular music.

This will enhance K-Pop’s global competitiveness, and we have decided to make our shared vision of a lifestyle platform for future endeavors a reality. Lee Soo Man has decided to transfer his shares to HYBE to begin a partnership with HYBE. HYBE shares SM Entertainment and Lee Soo Man’s vision to implement the metaverse, establishing a multi-label system, and vision campaigns to save the world, and HYBE will use its resources so that K-Pop will enhance its standing in the global market. SM Entertainment is a resilient company that transformed a fast-changing music industry into an industry that enables Korean music to grow. It is the pioneer that blazed a trail and has allowed K-Pop to become international and is the K-Pop pioneer that suggested a new genre called K-Pop to people all over the world.

At the center of all of SM Entertainment’s achievements is Lee Soo Man. It isn’t an exaggeration to say that everyone in the K-Pop industry has been influenced by Lee Soo Man. Lee Soo Man industrialized Korean music, which was once barren, and has made it the world’s best and is the legacy of our musicians. Lee Soo Man and HYBE will actively cooperate in improving SM Entertainment’s governance as well as its executive management. Lee Soo Man, while making the important decision to sell his shares, also supported HYBE’s plans to purchase shares from minority shareholders.

SM Entertainment and HYBE will combine their capabilities to globalize K-Pop and will create a strong synergy in various businesses beginning with labels and platforms. We will enhance the current platform leading the global market so that the world’s fans will be able to meet more artists and experience the joy of K-Pop. We ask that you support the future that SM Entertainment and HYBE will create together.

Thank you."


HYBE artists arriving at KWANGYA

 
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Gintoki

Gintoki

he/him
ohnostalgia said:
Here’s an interesting Twitter thread providing a view of this sale that I hadn’t considered. It goes through how much worse it could be with a tech company like Kakao being the major shareholder versus another Kpop company.

Click to expand...

Is this written by BTS st*n or what? I need some objective, professional perspective...
 
Shockbox

Shockbox

As long as Hybe doesn’t fuck with SM’s girl groups. Didn’t they take over another company and one of the first things they did was to end GFriend?
 
superloves

superloves

From my understanding they’re not acquiring SM like they acquired Source Music and Pledis etc they’re just buying their shares. They have shares with YG Plus too and nothing changed within YG apart from their artists joining Weverse.
 
codecat

codecat

he/him
There are laws that regulate these kinds of things, like the Monopoly Regulation and Fair Trade Act (MRFTA – this is a nice place to look at if you don't want to go through the act itself). There's a threshold of what another company can acquire, and that depends if a company is public or not – SM is a public company, so HYBE cannot waltz in and buy every share, they're limited to 15% of the company. HYBE acquired 14,8%!

Not saying that it can be the case, but this monopoly thing is placed in a grey area... Korea has a great example of major consumption of products provided by one company – Kakao! Remember in 2022 when the Kakao servers all went down and the country went through a little chaotic period because everyone was so dependent on their products? This article has a nice quote:
On Monday, South Korean President Yoon Suk-yeol said the government would examine the dominance of Kakao's services as they were "like a fundamental national telecommunications network as far as the public is concerned".

"If the market is distorted in a monopoly or severe oligopoly, to the extent where it serves a similar function as national infrastructure, the government should take necessary measures for the sake of the people," he added.
Click to expand...
So, a monopoly-like company is set in place, and only gets investigated once it fails to provide, because just one failure is heavily visible in most aspects of daily life processes...very grey area indeed!
 
L

leedlelee...

Super Junior’s Heechul is jealous of all the attention SM and HYBE are getting and decided everyone should be focusing on him…
He went in some livestream program and went on a tirade about feminism and people that leave food out for stray cats, and said that Koreans need to forgive Japan for their 20th century crimes against Korea…
The host of the stream had to shut off Heechul’s mic several times because of the language he was using…
 
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