K-Pop

Lee Sung Soo received voice phishing text message amid SM management rights dispute…”Live well, from dad”

Lee Sung Soo, co-CEO of SM Entertainment (hereinafter referred to as “SM”), responded pleasantly to a voice phishing text message.

On Feb 21st, Lee Sung Soo posted a screenshot of his phone screen on his personal SNS with the caption “Haa. In the meantime”.

Lee Sung-soo

Lee Sung Soo recently received a voice phishing message text saying, “Dad, my phone broke down so I got it fixed. This number is temporary, I can’t call. Please reply if you checked the text message.” Lee Sung Soo made everyone laugh by replying, “Okay, live well. From dad.”

Meanwhile, Lee Sung Soo is currently in a dispute over SM management rights with HYBE. On Feb 20th, SM announced their opposition to HYBE’s hostile takeover attempt. SM’s CFO Jang Chul Hyuk said, “As soon as SM’s new vision ‘SM 3.0’ was announced, the largest shareholder sold his stake, and a hostile takeover attempt by a competitor started. This is an attempt that ignores not only the fierce deliberation and efforts of the 600 SM employees who have dreamed of becoming the No.1 entertainment company in the world, but also the values and pride of SM that it has pursued together with the fans and artists.”

Lee Sung-soo

He added, “According to an anonymous employee survey, 85% of employees oppose SM being absorbed by HYBE. We want to be clear again that as in the statement released on Feb 10th, 25 SM executives, including the CEOs, oppose to HYBE’s hostile takeover for the sake of shareholders, fans, the K-pop industry, and employees. SM will not stop taking a new leap forward. Please look forward to and pay attention to our next announcement regarding the SM 3.0 strategy which will enhance fan and shareholder value.”

Source: Nate

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