HYBE has announced that it “will discontinue the acquisition process of SM Entertainment.”
HYBE has grown to become the biggest entertainment agency in the industry, housing the top idol groups in this generation.
There has been much commotion in the Korean entertainment industry, with HYBE acquiring 14.8% of SM Entertainment.
It’s official: HYBE has inked a deal with SM Entertainment founder Lee Soo Man that will make it the largest shareholder of the company.
In South Korea, there are now four major entertainment agencies that are leading the K-pop industry. Known as the Big 4 - HYBE, SM Entertainment, JYP Entertainment, and JYP Entertainment - these music labels have released many iconic idol groups and have led the advancement of K-pop.
The announcement was one of the hottest topics in the news!
“These perfect faces that appear only once in a thousand years.”
Fans fear she’s being treated similarly to how she was in IZ*ONE.
The group has been finalized through “&AUDITION – The Howling.”
Netizens have mixed feelings about it.
Someone claiming to be friends with Kim Garam accused the company.
She is no longer part of LE SSERAFIM.