Kakao acquires SM, building a two-way system with HYBE

SM’s new owner is Kakao… “Building a two-way system with HYBE”

According to information from the investment banking industry (IB) on the 11th, Kakao acquired all shares of CEO Lee Soo Man, the largest shareholder of SM Entertainment

1. SM is a big company, so there’s no other company that can take over SM but Kakao or CJ anyway

2. Doesn’t Kakao like China?

3. STAYC, Aespa, IVE, their girl group lineup is crazyㄷㄷㄷㄷㄷ

4. Lee Soo Man is still there… I thought he left SM a year or two ago

5. It was CJ before, but this time it’s Kakao; Damn, I couldn’t believe it until SM announced it

6. I was surprised to find out that HYBE has surpassed SM after seeing the title

7. CJ or Kakao will take over everything, and K-pop will be ruined

8. I hate Kakao because there are so many Chinese shares in Kakao

9. I thought it was CJ, but it was Kakao

10. I think CJ will be much better

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