Lee Soo-man Earns 20 Billion Won From His Investment In Pablo Air

The corporate value of Pablo Air, the drone company invested by former SM executive producer Lee Soo-man, has surged to 150 billion won. Lee Soo-man invested 1 billion won in the company in 2019 and he’s the second largest shareholder with 20% of the total stake.

As such, Lee Soo-man seems to have gained more than 20 times the evaluation profit compared to the original investment within 4 years. 

According to the industry on March 6th, Pablo Air, which successfully attracted investments with a corporate value exceeding 100 billion won, is expected to be listed this year if no major changes occur. In particular, Daishin Securities is in charge of accelerating the listing.

If the company is successfully listed, Lee Soo-man’s investment gains are expected to increase even more. Although Pablo Air is still in deficit, it is evaluated as a leading company in the Urban Air Mobility (UAM) field with a high potential for growth. 

Lee Soo-man earned more than 500 billion won after transferring his shares in SM to HYBE. Last year, he transferred 14.8% of SM shares for 422.8 billion won and recently exercised put option to receive an additional amount of more than 100 billion won. In total, the former SM executive producer received more than 500 billion won from HYBE.

Lee Soo-man is known to be investing in various fields. He reportedly invested in a bio company last year and a Chinese self-driving company making drone taxis.