K-pop monopoly? Activist fund says BTS agency’s plan to buy big slice of rival Stokes a cause for concern

SM’s market valuation – currently around 3.14 trillion won – could triple in three years if the issues previously weighing on the stock, such as governance, are ironed out, Lee estimates. “Any director appointed by HYBE will serve for HYBE … not for the 60% minority shareholders,” said Lee, who has been nominated by SM’s […]