{ISSUE} How Lee Soo-man has beat Bang Si-hyuk.

Translation:

K-Dol Talk Category: Why Bang Si-hyuk is Upset About Lee Soo-man Starting an Entertainment Business

Anonymous Theqoo User

May 21, 2023 | Views: 216

1. HYBE's Bang Si-hyuk attempts to acquire SM Entertainment and Lee Soo-man's shares.

2.Various non-compete clauses are imposed on Lee Soo-man to prevent him from starting another entertainment company. Such as a 3-year ban from signing contracts with SM artists or employees.

3. Lee Soo-man sells his shares to Bang Si-hyuk at a high price, heads to China and manages to turn 10 billion into 30 billion. His business booms and now he has 530 billion in cash.

Meanwhile, Bang Si-hyuk lost to Kakao and failed to acquire SM.

4. Alternatively, Lee Soo-man starts a company that isn't attached to entertainment while scouting for trainees through auditions behind the scenes.

5. As soon as the 3-year non-compete period ends, he could easily debut an idol group.

6. Bang Si-hyuk is left upset, holding onto SM shares that he can't sell or gain from.

Translation:

**Lee Soo-man, Wealthy with 530 Billion Won in Cash... Earned Another 30 Billion Won by Investing 1 Billion Won in Drones**

**March 7, 2024, 17:36 | Seoul News1, Reporter Hye-won Moon**

Put options on 870,000 of SM stock shares made Lee Soo-man a 40 billion won profit.

His investment company is preparing for an IPO[initial public offering] …1 billion won was invested and 30 billion won was made.

Once all his SM Entertainment (041510, referred to as SM) shares were sold, Lee Soo-man, former chief producer of SM, secured a large sum of 530 billion won and once again found himself sitting on a 'money cushion.' His substantial profits come from investing early during a company's initial establishment stage.

Original post here.

Comments have no ratings.

- "I'm so jealous of all your wealth."

- "The old man has some true business skills."

- "Lee Soo-man is a financial criminal. Don't get carried away with praises just because you dislike Bang Si-hyuk."

- "Bang Sihyuk would flip out if Lee Sooman and Miin Heejin teamed up again. It's definitely possible since they parted on good terms."

- "Bang Si-hyuk has become a joke in just one month LOL."

- "The 3-year period ends soon too, right?"

- "But why can't Bang Si-hyuk sell? Didn't they say that HYBE is also gradually buying SM shares?"

- "I typically don't care for the old man, but this is refreshing LOL. Seeing Bang get f*cked has made me warm up to him."

- "HYBE vs. Lee Sooman is like watching a movie with many twists. It's Ocean's Eleven type of swindling. I'm honestly jealous of the old man. Grandpa, give me just 2 billion, please!"