How do South Korean netizens react after Lee Soo Man sued the agency he founded himself? As previously reported, Lee Soo Man has filed a lawsuit against SM Entertainment for alleged illegal business practices.
As recently, Lee Sung Soo and Tak Young Joon as the co-CEOs of the SM Entertainment have released an announcement video for SM 3.0 without notifying Lee Soo Man.
Through the video, they have also announced that Lee Soo Man's contract as a producer at SM Entertainment has officially ended.
Lee Soo Man's attorney said, "SM Entertainment's board of directors unilaterally distributed new shares and convertible bonds to Kakao's third parties to expand their reach and make things more profitable for them."
Of course, this surprised many people, as Lee Soo Man was the person who founded the SM Entertainment agency.
Responding to the news of the lawsuit, South Korean netizens on the Instiz website commented:
"This will be a long legal battle,"
As recently, Lee Sung Soo and Tak Young Joon as the co-CEOs of the SM Entertainment have released an announcement video for SM 3.0 without notifying Lee Soo Man.
Through the video, they have also announced that Lee Soo Man's contract as a producer at SM Entertainment has officially ended.
Lee Soo Man's attorney said, "SM Entertainment's board of directors unilaterally distributed new shares and convertible bonds to Kakao's third parties to expand their reach and make things more profitable for them."
Of course, this surprised many people, as Lee Soo Man was the person who founded the SM Entertainment agency.
Responding to the news of the lawsuit, South Korean netizens on the Instiz website commented:
"This will be a long legal battle,"
"If SM is wrong, Lee Soo Man will definitely win in the lawsuit,"
"But why does SM have to make new shares and give them to Kakao?"
"So the problem is that the SM board of directors distributes new shares to third parties, Kakao. So they are in trouble,"
"This matter is going to get very messy."
"Lee Soo Man has to go through a lot of things in his retirement," and various other comments. (www.onkpop.com)
