It seems as if the war for control over SM Entertainment is over. But is it really? Over the weekend, Hybe and Kakao had a serious discussion over their spending battle to purchase enough shares to control the fate of the founding entertainment agency of K-pop. With more money in the bank, Kakao Entertainment emerged the winner. The consolation prize? Platform technology coordination for Hybe. But can we really rest easy that another twist in this real-life K-drama saga won’t turn up at the last minute?
Originally published at https://www.seoulite.tv on March 15, 2023.
