SM Entertainment employees release a statement in support of the current management of the company
issued a statement in support of the current management.Stop the hostile M&A ofIn the statement released via email, the SM Employees Council said,"
As former executive producer Lee Soo Man was in danger of being exposed for his illegal acts and tax evasion activities, he sold his stock to a competitor that he used to denigrate, and ran away."We declare that the SM Culture cannot be subordinated to HYBE's capitalism. We actively support and encourage co-CEOsalong with the SM 3.0 multi-production plan. We demand stronger protection so that our fans and artists are not hurt."Lee Soo Man abandoned SM and Pink Blood and ran away.
The 208 incumbent employees who signed the statement account for half of all the employees at SM Entertainment. It has been revealed that there are more employees applying to be part of the council despite the deadline for the application having passed.The SM Employee Council has been created by the employees who were used by Lee Soo Man. The council was created in hopes to improve SM and protect the unique culture of SM.
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