UPD SM executives who ousted LSM are using the company’s money to “take care of the founders"+SM's CSO Jang Jae-ho resigns

What a mess

Quote from bartkun

the only always pointed as "bad" in SK was YG

how and why things turned out that now SM and Kakao joined this list?!

everyone knows I guess.

SM was ALWAYS pointed out as bad wdym?

Quote from Yseki

Is this real, I can't find any info online about SM buying Kim Woojin's company I feel like that would be bigger news?

Not saying that js the case as I am not following this, but SM has some power over media so it is possible they were able to keep this hush hush until now.

Quote from bartkun

SM as Lee Sooman, he was responsible for those slave contracts, and for his bad things like tax evasion etc

company itself was more like a Star Maker

debuting in SM = star and rich life

Yeah, this is why SM was always ranked as tone of the worst companies in kpop.

SM is just too shady.

Quote from Vivi1388

it's true

it's true,it was big news at kforums bcs of embezzlement

https://n.news.naver.com/mnews/article/015/0004915753

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I can only read English and Spanish (well I guess I can read Italian and Portuguese as well since I study Spanish but ehh who knows); I couldn't find anything in English at the time. I believe you I thought it would be a big enough deal for AKP or someone to report on it because of the financial shenanigans.

Quote from sveznalica

Yeah, this is why SM was always ranked as tone of the worst companies in kpop.

SM is just too shady.

I mean they legit blocked the ex TVXQ members for over 10 years because they got the slave contract laws changed smh.