Norebang, food, etc. The businesses that were opened recklessly in attempt to diversify keep earning deficits.
Moreover, the NCT project, which was heavily invested in, have experienced a complete failure in terms of return on investments. (One of the main target of discontentment in shareholders have been NCT)
The 3 biggest shareholders which include KB Asset Management have been demanding them to focus on the singer's business while sorting out the majority of the business. They're also requesting Lee Sooman who took 46% of SM's profit to merge with Like Agency. They're requesting them to redistribute the shares.
SM refused everything after examining the claimsㄷㄷㄷ
post response:
[+58][-58]
original post: here
1. [+77, -72]
I feel like SM is becoming more and more of a failure in the entertainment infustry. EXO is at the end of their capacity, RV is also becoming frail, the next generation's female idols' trainees' faces are so bad so they ended up pushing it back while NCT just failed. I seriously wonder if they just gave up on the entertainment industry
2. [+75, -13]
Nowadays, if I look at how things are going, Lee Sooman has abandoned the business behind
3. [+62, -30]
The saying "Idols are from SM" is a thing of the past nowㅋㅋ
4. [+44, -1]
I can tell right away that this article isn't legit. Just in case there are kids who still believe this, I'll give you a real article. The shareholders invested in another business of SM, they never mentioned NCT, and there's only NCT127 who did a world tour once and already earned close to a billion in profit.
5. [+30, -0]
If they didn't start this f*cking NCT project, they would've already been chewing at the top right now. Although I got to know them first because of the NCT project, if they only decided to release the BOSS team, they would've been doing as well as EXO right now, and they're also f*cking handsome... They were too greedy
6. [+28, -1]
NCT themselves are the door to enter the fandom. Even if I want to enter the fandom, there are just so many of them that it makes me not want to enter it
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