Korean fans react to the news that Lee Soo Man is filing a lawsuit against SM Entertainment, the company he founded | allkpop

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Korean fans react to the news that Lee Soo Man is filing a lawsuit against SM Entertainment, the company he founded

In summary, after Lee Soo Man's production contract with SM Entertainment came to an end, the co-CEOs of the company - - are said to have cut ties with the producer and released the plans for SM 3.0 without notifying Lee Soo Man. Then SM Entertainment announced they were issuing new shares in the company.

Many Korean fans and netizens are shocked to hear the news that Lee Soo Man has filed a lawsuit against the company that he founded.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 573. in SG
 

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Пока они спорят, за акции в борьбу вступает HYBE. Только вот непонятно, зачем это им надо? Что бы поглотить и уничтожить LSM, как они это сделали с приложением V LIVE?

Korea is too capitalistic!

good one... better to start new entertainment , target all the artist who have lost their fame by other agency they gonna show interest and makes you profit... I guess SUPERJUNIOR exo SHINee will be always be there as your team..

Lee soo man oppa fighting 🔥💪

lee sooman ofc

And Chris Lee is his nephew... Guess old man made a mistake by putting him there... Or not... We'll see....

lee soo man hwaiting

I trust LSM and it seems like his past idols love and respect him too. I won't trust whoever SM hires to replace him, esp if they don't dare to experiment with new music styles and concepts. Criticise LSM all you want but every group he created in SM has gone big.

It's really sad. Everyone who retires (especially when you're retiring from the company you created with your own blood, sweat, and tears) should want a peaceful exit. This is anything but peaceful. I'm not sure of the legal issues happening -

It is really going to be a kong legal battle...lee soo man wont give up easily n those co-ceo's forgot who founded this company and he is not any other simple man...

Somebody should make a documentary about lsm rise and fall. It'd be an interesting watch.

LSM should just create a new label and take her kids with him as soon as they can leave! This SM board have no respect for him as the founder & father figure of the company.

I support you Lee Sooman!

SM with the shady moves.

He wants attention soo bad. bc his artists are fl0pping

The possible outcomes for LSM are: •he sues SM and WINS - co-ceos step down and face possible jail time •he sues SM and LOSES - he steps down and retires with the option to sell his shares to Hybe or chinese company Tencent

They can fight all they want no one cares.. but they shouldn't forget their artist needs a comeback so they can fed themselves that's more important.

Civil war in kwanya

كنك يا سوسو بس الشركة متاعك تخلهمش يفكوها منك، راه نقعدوا عرم بلاك، تخليش هذكما يشمتوا فينا :((

Jungkook with HYBE next

lee sue man

BYE

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Lee Soo Man to sue SM Entertainment for violating business laws | allkpopLee Soo Man is set to sue SM Entertainment for violating business laws.According to reports, SM Entertainment founder Lee Soo Man is seeking… OMG? Hmm If things go from worse to worst. I wonder how his kids would feel? I mean Suju, SNSD, Boa etc. Clearly the CEO's & prob the other board don't want LSM to be part of SM's future hence we are in this situation.
Source: allkpop - 🏆 573. / 51 Read more »