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Netizen Reacts To Dispatch's Exposé On Lee Soo Man's Mismanagement Of SM Leisure - K-pop News
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Netizen Reacts To Dispatch’s Exposé On Lee Soo Man’s Mismanagement Of SM Leisure

“Lee Soo Man is such a deep-rooted evil.”

Netizens reacted to Dispatch‘s article during which it makes a number of allegations surrounding Lee Soo Man‘s administration of SM Leisure.

Lee Soo Man | Chosun Ilbo

On February 17, Dispatch launched an article during which it lists “118 Info” about Lee Soo Man’s time as the pinnacle of SM Leisure.

Dispatch Particulars 118 Info And Statements Associated To The Dispute Between Lee Soo Man, SM Leisure, And Lee Sung Soo

Within the article, Dispatch lists a number of cases of Lee Soo Man’s “World-class greed” and follows the rise and downfall of K-Pop’s most-renowned enterprise scion.

90. Lee Soo Man’s greed was changing into world-class, He established an organization abroad and developed Like Planning season 2.

91. In 2019, Lee Soo Man shaped CT Planning Restricted in Hong Kong.

92. CT Planning Restricted was Lee Soo Man’s logic and counter. A spot the place 6% of gross sales will be deducted from abroad and logically, 6% of gross sales will be justified in Korea.

93. SM Leisure launched SuperM globally in 2019 in partnership with Capitol Music. In 2022, aespa was launched to the USA’ market alongside Warner Information.

94. Lee Soo Man is understood to have requested each corporations for six% of the gross sales beneath the guise of manufacturing charges.

— Dispatch

The article additionally offered context for Lee Soo Man’s controversial “manufacturing firm,” Like Planning

55. Simply how a lot did Like Planning earn?

56. In 2000, SM Leisure paid ₩2.10 billion KRW (about $1.63 million USD) for providers to Like Planning. That very same yr, SM Leisure’s working revenue was ₩1.85 billion KRW (about $1.43 million USD). Like Planning received out.

57. For the following 22 years, SM paid Like Planning for his or her providers. In 2015, the service charge was renamed to a licensing charge.

58. How a lot did Lee Soo Man make in whole from this?

59. In brief, ₩174 billion KRW (about $135 million USD).

— Dispatch

Whereas additionally making an attempt to deconstruct the faults within the relationship between Lee Soo Man and his nephew and present SM Leisure Co-CEO, Lee Sung Soo.

109. Lee Soo Man was not stabbed within the again by his nephew, Lee Sung Soo. Lee Soo Man’s greed fostered Lee Sung Soo’s anger.

116. SM’s working revenue ratio is the bottom amongst the massive 3 of SM, JYP, and YG. Nevertheless, the cost for the corporate’s administrators is the very best. The irony.

117. What if the corporate put shareholder pursuits first? SM’s price-to-earnings ratio would have been no less than 25 occasions extra that it was.

— Dispatch

Netizens reacted in disgust at Lee Soo Man’s greed and had been shocked on the stage of mismanagement on the firm. Many felt it was mandatory for Lee Soo Man to be minimize off from SM Leisure.

  • “I’m rooting for anybody who will maintain Lee Soo Man distant from SM Leisure. Lee Soo Man is such a deep-rooted evil.”
  • “Whoever takes SM, I hope they do away with the present executives. What sort of reforms are you able to make with them on board?”
  • “Sung Soo hwaiting!”
  • “Wow, they actually crossed each line.”
  • “I’m rooting for you, Sung Soo.”
  • “Wow, these holding SM shares will most likely be so pissed after studying this.”
  • “Lee Sung Soo, hwaiting. It’s nice how he had braveness though he knew issues like this could be revealed.”
  • “The corporate is rotten to its roots.”

What are your ideas?


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