HYBE CEO Park Jiwon introduced they’ve formally acquired Lee Soo Man‘s shares in SM Leisure, turning into the biggest shareholder in SM.
In an announcement shared on HYBE’s social media accounts to not solely followers, but additionally staff, artists, and shareholders, HYBE CEO Park Ji Gained introduced the switch of shares between Lee Soo Man and HYBE was accomplished.
Park Ji Gained shared three factors that HYBE would decide to following the takeover of SM Leisure’s shares, together with working collectively to innovate new methods and permitting SM Leisure to work autonomously as they’ve with the opposite corporations they’ve acquired, similar to Pledis Leisure.
He additionally shared that HYBE and SM Leisure will work collectively to broaden their artists’ attain, sharing their expertise in reaching completely different areas of the world. They may even broaden their artist interplay platforms, Weverse and Bubble, globally.
Lastly, he apologized to SM Entertaiment’s artists who’ve been troubled by the continued controversy between HYBE, SM Leisure, and Lee Soo Man.