SM Ent. Acquisition put on hold by due to increase scrutiny by government of platform companies Naver and Kakao !

  • it's interesting how suddenly Korean government started to being interested in biggest media/music related companies...


    is it election time? or something...

    External Content www.youtube.com
    Content embedded from external sources will not be displayed without your consent.
    Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.

  • So is this a good thing or bad thing to my faves? :pepepizza:

    good

    they stopped it before sth shady went down

    External Content www.youtube.com
    Content embedded from external sources will not be displayed without your consent.
    Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.

  • They are trying to stop the monopolies, if lSM wants to sell, he can only sell in smaller chunks now

    External Content www.youtube.com
    Content embedded from external sources will not be displayed without your consent.
    Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.

  • They are trying to stop the monopolies, if lSM wants to sell, he can only sell in smaller chunks now

    Nothing in the tweet said so. It's said Kakao was investigated due to suspected embezzlement, paying company's profit to chairman's family members and not to shareholders and, the S.M deal possibly would benefit some individuals and not Kakao the company. I read that Lee Sooman wanted to sell his shares for like 30k won each when each share of S.M should worth 20k considering the company business value.


    Even if this deal be prohibited due to monopoly concern, LSM can still sell his shares wholly to a smaller entertainment company or any big company outside of entertainment industry to avoid monopoly. But, he will not get the price he wants.

  • it's interesting how suddenly Korean government started to being interested in biggest media/music related companies...


    is it election time? or something...

    Lots of countries have started the process of cracking down on big tech and media companies in general. They don't want them to have too much influence on economics/social. US, EU, China.. they are all doing it right now. Korea's just following along.

  • Lots of countries have started the process of cracking down on big tech and media companies in general. They don't want them to have too much influence on economics/social. US, EU, China.. they are all doing it right now. Korea's just following along.

    yeah but in some cases it's stupid

    like trying to find something when it's even not there...


    best example is when Trump targeted Huawei


    or when in the past someone suggested that companies like Microsoft, Intel should pay fines because they dominate the market...

    External Content www.youtube.com
    Content embedded from external sources will not be displayed without your consent.
    Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.

  • Ya for sure, for many of these cases, it's just governments flexing and making sure they know who is still in charge and they can't just do whatever they want.


    There are good arguments against monopolies though. Like imagine Kakao owning the entire k-entertainment industry. Would that hurt creativity as everything becomes cookie cutter? If you were a trainee/idol/staff, and things didn't work out or they didn't want to do what they were told to (we all know it's not a clean industry), they would be out of work/blacklisted completely.

  • Ya for sure, for many of these cases, it's just governments flexing and making sure they know who is still in charge and they can't just do whatever they want.


    There are good arguments against monopolies though. Like imagine Kakao owning the entire k-entertainment industry. Would that hurt creativity as everything becomes cookie cutter? If you were a trainee/idol/staff, and things didn't work out or they didn't want to do what they were told to (we all know it's not a clean industry), they would be out of work/blacklisted completely.

    but isn't it the same when one kpop label acquires smaller ones?

    just like HYBE did recently or like RBW acquired WM?

    External Content www.youtube.com
    Content embedded from external sources will not be displayed without your consent.
    Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.

  • So is this a good thing or bad thing to my faves? :pepepizza:

    Nothing changed

    1. LSM keep his shares (unlikely)

    2. they wait for Naver or Kakao's investigation to be over and decide then who they sell if everything will go well

    3. another company step up and buy his shares (like Hybe or whoever they want)


    LSM isn't SM's CEO so technically for SM artist nothing will change, LSM is involved in production so at the worst of the worst if he leave completely, their music could change (that if he's involved alone which is unlikely) and most likely his crazy ideas will stay on paper lol

  • next year in Feb I think

    yeah so someone is in a hunt of 'peoples votes' and is doing it by making a move against big companies

    External Content www.youtube.com
    Content embedded from external sources will not be displayed without your consent.
    Through the activation of external content, you agree that personal data may be transferred to third party platforms. We have provided more information on this in our privacy policy.

Participate now!

Don’t have an account yet? Register yourself now and be a part of our community!