I mean the man lost the company he founded. Hes got nothing now
So will LSM create a new company?
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He doesn't need to. He has about 5 other companies with long term contracts getting money from SM.
Quote"After stepping down as a registered director of SM in 2010, Lee Soo Man signed a production contract with SM Entertainment through Like Planning, his private company, and has been receiving millions of USD in royalties every year. He received royalties of 24 billion KRW (~19 million USD) in 2021 and earned 11.4 billion KRW (~9.02 million USD) in the first half of 2022 alone. The total amount of money that flowed from SM Entertainment to Like Planning for 22 years, starting from 2000, is 148.6 billion KRW (~117.6 million USD). This is equivalent to 35% of the operating profit recorded by SM Entertainment during the same period (420.7 billion KRW = 332.9 million USD)."
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bang pd is treating his nice and buttering him well
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He doesn't need to. He has about 5 other companies with long term contracts getting money from SM.
he not getting that money anymore
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I mean the man lost the company he founded. Hes got nothing now
did you saw the money he got from that? he is an old man, i would live the rest of my life spending that money if i was him
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it's going to be called KSM
the K stands for Kwangya
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