Whoever wins control over SM Entertainment may find their celebrations short-lived. How much dysfunctional baggage will come with the decades of internal drama at the K-pop powerhouse? Though an eventual merger with Hybe could make the home of BTS one of the most powerful music labels on the planet, gaining SM through a hostile takeover could come with the winner’s curse. On the other hand, will Kakao destroy the music legend or allow it to run with independence as both Hybe and Kakao have promised in their ‘marriage proposals’? I’d rather protect Hybe from marrying into a dysfunctional family. But you be the judge!
Originally published at https://www.seoulite.tv on February 20, 2023.
