Recently, the internet has been abuzz with escalations involving NewJeans and HYBE following Min Hee-jin’s departure from the agency ADOR.
Notably, NewJeans conducted a livestream urging HYBE to reinstate Min Hee-jin as CEO and expressing concerns about potential ostracism. This incident captured significant attention, especially after BTS’s Jungkook seemingly showed support for NewJeans through a social media post.
Amid these events, previously deleted comments from a former CEO of SM Entertainment have resurfaced.
In 2023, following the exit of founder Lee Soo-man from SM, HYBE aimed to acquire SM by purchasing stakes held by Lee Soo-man. Efforts to thwart this takeover led the then-CEO, Lee Sung-soo, to create videos revealing Lee Soo-man’s alleged wrongdoings while criticizing HYBE in a now-erased video titled “Reasons why SM is against HYBE’s Hostile Takeover.”
maturing is realizing they were right all along https://t.co/XpcOH06pPV pic.twitter.com/4L25SutUhX
— nil 𝜗𝜚 (@newjiram) September 12, 2024
This video asserted that HYBE would likely favor its own artists over those from SM, providing superior resources to idols from labels where HYBE has a majority stake.
The resurgence of these claims amid the NewJeans situation has led to viral discussions among netizens reflecting on Lee Sung-soo’s statements.
The future of idol groups from labels acquired by HYBE, including GFRIEND and fromis_9, has also emerged as a topic of interest.
Source: X, Krb
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