HYBE, the agency of BTS, acquired SM Entertainment.
Soo Man Lee is the largest shareholder in SM and owns 18.46% of the shares, of which 14.8% was transferred to HYBE.
As a result, HYBE became the largest shareholder of SM Entertainment.
As HYBE took over SM Entertainment, the entertainment world experienced a change of perception.
HYBE has BTS, Seventeen, Tomorrow by Together, ENHYPEN, NewJeans, and Le Sserafim.
Source: sports.chosun.com
