![SM Announces Debut Plans For New Boy Group RIIZE SM Announces Debut Plans For New Boy Group RIIZE](https://media.starbiz.net/41/2023/08/thumbs/64c93fd3f0b00_380x168.png)
It’s official: SM Entertainment’s new boy group RIIZE is debuting this September!
![SM’s New Boy Group With Sungchan, Shotaro, Eunseok, And Seunghan Reported To Make September Debut + SM Briefly Comments SM’s New Boy Group With Sungchan, Shotaro, Eunseok, And Seunghan Reported To Make September Debut + SM Briefly Comments](https://media.starbiz.net/41/2023/07/thumbs/64afdc1c28b6f_380x168.png)
SM Entertainment’s highly anticipated new boy group is gearing up for their debut!
![SM Entertainment Announces Legal Action Against False Rumors About EXO’s Sehun SM Entertainment Announces Legal Action Against False Rumors About EXO’s Sehun](https://media.starbiz.net/38/2023/03/2/thumbs/6421e0f5cada3_380x168.jpg)
EXO’s Sehun’s agency SM Entertainment has released a stern warning against false rumors.
![HYBE sells off 19.43% of its shares in SM Entertainment to Kakao at ~$437 million USD HYBE sells off 19.43% of its shares in SM Entertainment to Kakao at ~$437 million USD](https://media.starbiz.net/38/2023/03/2/thumbs/641d760846b65_380x168.jpg)
It has been reported on March 24 KST that HYBE Labels has officially sold off 19.43% of SM Entertainment's shares to Kakao at 564 billion KRW (~ $437 million USD), participating in Kakao's public takeover bid.
![Breaking: HYBE Announces Withdrawal From SM Acquisition After Coming To Agreement With Kakao Breaking: HYBE Announces Withdrawal From SM Acquisition After Coming To Agreement With Kakao](https://media.starbiz.net/38/2023/03/1/thumbs/640da2857a207_380x168.jpg)
HYBE has announced that it “will discontinue the acquisition process of SM Entertainment.”
![Netizens react coldly to Lee Soo Man's letter dedicated to the SM Entertainment family and fans Netizens react coldly to Lee Soo Man's letter dedicated to the SM Entertainment family and fans](https://media.starbiz.net/38/2023/03/1/thumbs/64031dcc872bc_380x168.jpg)
Previously on March 3, the Seoul Civil Court declared that SM Entertainment's attempt to issue new shares to Kakao without the approval of the company's largest shareholder, Lee Soo Man, was unlawful.
!["Already receiving love calls from other labels," Industry experts are concerned that artists will leave SM Entertainment due to the uncertain future of the company "Already receiving love calls from other labels," Industry experts are concerned that artists will leave SM Entertainment due to the uncertain future of the company](https://media.starbiz.net/38/2023/03/1/thumbs/6401e672c0104_380x168.jpg)
SM artists are becoming more concerned about their future as the dispute over operation rights between SM's current management and HYBE continues.
![Dispatch Claims Lee Soo Man Earned Over $570 Million USD Through Embezzlement And Manipulative Contracts Dispatch Claims Lee Soo Man Earned Over $570 Million USD Through Embezzlement And Manipulative Contracts](https://media.starbiz.net/38/2023/02/2/thumbs/63ef90e1ba021_380x168.jpg)
On February 17 KST, 'Dispatch' accused Lee Soo Man of embezzlement, manipulation, and unethical profiting.
![Lee Soo Man Says He Is Heartbroken Over His Nephew Lee Sung Soo Lee Soo Man Says He Is Heartbroken Over His Nephew Lee Sung Soo](https://media.starbiz.net/38/2023/02/2/thumbs/63ef6626be417_380x168.jpg)
On February 16, industry insiders shared that Lee Soo Man expressed his sadness over SM Entertainment's CEO, Lee Sung Soo's YouTube video statement.
![Breaking SM Entertainment's Current Ceo Lee Sung Soo Accuses Lee Soo Man Of Ruining aespa's Comeback Plans + Envisioning An Empire With Drugs And Casinos Breaking SM Entertainment's Current Ceo Lee Sung Soo Accuses Lee Soo Man Of Ruining aespa's Comeback Plans + Envisioning An Empire With Drugs And Casinos](https://media.starbiz.net/38/2023/02/2/thumbs/63ee114dc19fe_380x168.jpg)
SM Entertainment's current CEO Lee Sung Soo has made several radical claims against SM Entertainment's founder and former head producer, Lee Soo Man. Lee Sung Soo is also Lee Soo Man's nephew.
![Fans Worried That HYBE Might Disband The Less Popular SM Groups Fans Worried That HYBE Might Disband The Less Popular SM Groups](https://media.starbiz.net/38/2023/02/2/thumbs/63eb66a2710fa_380x168.jpg)
There has been much commotion in the Korean entertainment industry, with HYBE acquiring 14.8% of SM Entertainment.