HYBE and SM Entertainment have released consecutive statements to refute the other regarding the current situation involving the two companies.
On February 10, HYBE was officially confirmed to be acquiring a 14.8 percent stake of SM Entertainment from Lee Soo Man for 422.8 billion won (approximately $334.3 million).
On January 25, industry representatives reported that HYBE is working on signing Park Bo Gum and is currently setting up a management team for the actor.
Following the YG Entertainment episode from earlier this year, Na Young Suk will be gathering many of HYBE’s artists for a fun outing with a healthy dose of competition. In this week’s epi