On February 10, HYBE Names authoritatively reported that they have bought 14.8% of offers in SM Diversion for KRW 422.8 billion, or $334 million. HYBE’s administrator, Bang Si-Hyuk, bought the offers from SM Diversion’s pioneer, Lee Soo-man, turning into the last option organization’s biggest investor.

The news comes only days after SM Diversion, under current co-Chiefs Lee Sung-soo and Tak Youthful jun, declared a KRW 217 billion offer deal to Kakao on Tuesday. This arrangement would have made Kakao the second-biggest investor in the office.

Lee Soo-man, who possesses 18.4% of SM, has offered his portions to Bang Si-hyuk’s mark to keep away from Kakao’s responsibility for huge piece of SM Diversion’s portions and allegedly shield his situation as the proprietor of the organization.

Bang Si-hyuk’s arrangement with Lee Soo-man and subsequently buying portions of SM Diversion, showing another period for the two organizations, has started differed responses from across the K-pop local area.

Fans have various feelings with respect to this turn of events. Some vibe that Bang Si-hyuk made the best choice to make BigHit Amusement a free organization so that no issues will emerge for BTS sooner rather than later. Different fandoms are responding to the information in an alternate way, expressing that HYBE didn’t buy SM yet its portions.

There are a ton of feelings, among which some consider seeing icons of the two organizations communicating together and meeting them at the organizations’ structures in the absolute worst way. Some are in any event, finding it more amusing that BTS individuals are the mark’s investors, so actually they all own sms craftsman, the explanation being HYBE is currently the biggest investor of SM Diversion.

Conversely, a few fans are obtusely expressing that HYBE has shares in SM Diversion and they won’t assume control over the organization any time soon. It’s simply their business to save SM from being possessed by Kakao, perhaps of the biggest combination in South Korea.

In an official statement, Lee So-man and Bang Si-hyuk said:

“SM and HYBE chose to hold hands as to push the two organizations to the situation with huge advantages inside the worldwide music industry. Together, we will boost the worldwide seriousness of K-pop and endeavor toward a future-situated, way of life stage business.”

YOU KNOW WHAT’S THE COOLEST BANG PD HAD DONE BEFORE STEPPING DOWN ON HIS POSITION ON HYBE, IS THAT HE MAKES SURE THAT BIGHIT WILL ALWAYS GET HIS PRIVACY AND STAYS AS THE INDEPENDENT COMPANY AS IT IS, SO BTS AND THE OTHER ARTISTS UNDER BH WILL STAYS UNBOTHERED. BEST DAD INDEED. 🤭

— uarmyhope ‘👑 VOTE FOR BTS 👑’ (@purpleworld0620) February 10, 2023

“HYBE completely concurs with previous Boss Maker Lee’s essential drives including metaverse, a multi-name framework, and the practical vision crusade,” said Executive Bang Si-Hyuk.
HYBE further stressed that the organization firmly concurs with Lee So-man’s vision of imaginative thoughts, for example, metaverses, maintainability, and their move towards a multi-mark structure.

Bang Si-hyuk further made sense of the turbulent climate winning in the worldwide music market and expressed the job of SM Diversion in the K-popular music world:

“In such a tempestuous climate, for example, the worldwide music market, SM Diversion was a key specialist which reformed Korea’s music industry and considered maintainable development. The organization made ready and laid out a solid groundwork for K-pop to spread across the globe and established the possibility that K-popular was another music sort to purchasers all over the

As per a public statement, HYBE today consented to an arrangement to procure a 14.8% stake in SM Diversion held by SM’s organizer and previous Boss Maker Lee Soo-man, worth KRW 422.8 billion. This positions the organization as the single biggest investor in SM Diversion.
Bang Si-hyuk’s name needs to procure up to 25% of Lee Soo-man’s organization

According to reports, HYBE needs to procure 25% of SM Diversion. The deal and buy understanding of the two organizations includes a bunch of rules gave by them and expressed:

Bang Si-hyuk’s name will exhibit their full help and participation in SM Amusement’s underlying and the board corrections. Lee Soo-man ended his maker contract with SM Diversion in 2021 relying on the prerequisite that he be furnished with the board eminences for the following three years. He expressed that he would eliminate this provision of the agreement and will collaborate in the rebuilding of the SM Media outlet.

In the organization’s revamping, different SM Amusement members have shown revenue in moving their portions to Bang Si-hyuk’s name to exhibit their collaboration, and accordingly, the last option will make huge interests in expanding the potential and productivity of SM Diversion’s inside administration.

To wrap things up, HYBE marks will freely buy autonomous SM Amusement shares from various investors at a similar value the organization has bought Lee Soo-man’s portions and will offer the most noteworthy accessible cost for the offer of their portions.

Moves on from quite possibly of the most lofty college in South Korea, Seoul Public College, Lee Soo-man and Bang Si-hyuk plan to proceed with a functioning association in the development and the board of SM Diversion.