Activist investor triggers real-life K-pop industry drama

Colombia Noticias Noticias

Activist investor triggers real-life K-pop industry drama
Colombia Últimas Noticias,Colombia Titulares

Bitter boardroom battles, expensive lawyers, hostile takeover claims and high-stakes shareholder meetings. It sounds like something out of a K-drama, but this is 100% real life.

  • 📰 staronline
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Except this is playing out in real life as the godfather of K-pop fights his nephew for control of the music company he founded.

The 36-year-old self-made investor, who was raised by a single mum and first shot to public attention by winning a popular South Korean TV quiz show, started asking uncomfortable questions. He founded the company in 1989 and took it public in 2000 -- so he was predictably outraged last year when SM Entertainment's management, including his nephew, agreed with activist investor Lee Chang-hwan's assessment and moved to terminate the"unfair" deal with Like Planning.

The feud has unleashed a family succession drama, with founder Lee's nephew, Lee Sung-su, who is the company's CEO, taking to YouTube to air their dirty laundry.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

staronline /  🏆 4. in CO
 

Colombia Últimas Noticias, Colombia Titulares



Render Time: 2025-01-16 04:22:55