Frater Asia Lee Soo Saudi Arabia North Korea Entertainment BTS country BLOCK Platform Cooper Patrick Frater Asia Lee Soo Saudi Arabia North Korea

SM Entertainment Offices Raided by Korean Regulators as K-Pop Agency Duel Continues

Reading now: 703
variety.com

Patrick Frater Asia Bureau Chief The battle for corporate dominance of K-Pop has become a drama that never stops giving. After the acrimonious takeover battle between BTS-backer Hybe Corp.

and tech giant Kakao for control of SM Entertainment, Korea’s financial regulators are probing the deal-making that eventually led to Kakao’s victory.

Korea’s Financial Supervisory Service raided the offices of SM Entertainment on Tuesday, according to the Yonhap news agency.

Investigators were looking for evidence of stock price manipulation between February and March when the two camps were skirmishing.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA