In the latest development, SM Entertainment said today that it was cancelling a share issue to Korean tech giant Kakao Corp and its Kakao Entertainment subsidiary, which was a move that appeared ...

With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major ...

HYBE disclosed the sale of its remaining 9.38% stake in SM Entertainment to Tencent Music Entertainment, a subsidiary of ...

South Korean billionaire and tech mogul Kim Beom-su was arrested Tuesday on allegations of manipulating the stock of a major K-pop firm SM Entertainment, in which his company Kakao gained a ...

China's Tencent is expected to become the second-largest shareholder of major K-Pop agency SM Entertainment, according to a ...

But Hybe was thwarted by resistance from SM Entertainment's management and by a richer bid from Kakao and its allies. Kim (also known as Brian Kim) has denied the allegations, according to the ...

Members of girl group Aespa participate in the 95th Annual Macy's Thanksgiving Day Parade on November 25, 2021 in New York ...

The warrant comes a week after Seoul-based prosecutors launched a probe into Kim’s involvement in the alleged manipulation of SM Entertainment’s share price. Kakao did not respond to a request ...

Early in 2023, a K-Pop takeover battle was raging as South Korean firms Hybe and Kakao vied to acquire majority stakes in SM Entertainment.

K-pop powerhouse Hybe is offloading its entire stake in industry rival SM Entertainment to Tencent, positioning the Chinese ...

In a significant reshuffling of K-pop industry stakes, HYBE has officially ended its two-year-long investment in SM ...