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SM Stock Drops at Alarming Rate after Rumors of NCT Sleeping with Fans 

On June 4, rumors about NCT’s Haechan and Johnny sleeping with 3 women in Japan, 2 of whom are fans of NCT, started to spread. So far, despite the demands from fans for a proper response, SM Entertainment has remained silent, causing the reactions to the rumors to worsen. 

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Additionally, following these rumors, it was reported that SM stock has dropped 9.75% in a trading session, and that there are rumors floating around in the stock market. 

It seems that SM has taken a heavy blow due to the ongoing rumors, despite positive news of aespa’s excellent performance with their recent album “Armageddon”, NCT Dream’s successful world tour, and Red Velvet’s comeback. 

Source: Naver, Krb