HYBE revealed to have paid Lee Soo Man an additional 70 billion KRW as an alleged premium for management rights
and paid Lee an additional 70 billion KRW for his stake in SM Entertainment's subsidiaries.
Lee Soo Man, his children, and other related people owned 24.14% of Dream Maker and 42.31% of SM Brand Marketing, but SM Entertainment is the largest shareholder in all of these companies. Dream Maker has been in charge of the production and planning of concerts, and SM Brand Marketing has been in charge of producing and distributing concert merchandise. SM Brand Marketing is a company with total assets of 28.8 billion KRW as of the end of 2021 consolidated financial statements. Sales were 45.
In addition, the financial investment industry also sees that HYBE paying additional money to Lee means that they are giving him a premium for management rights.
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