For some cause, SM Leisure appears to be in unhealthy luck after beginning to execute on their new enterprise imaginative and prescient.
Not too long ago, SM has been repeatedly criticized for its artist issues.
On Could 10, SM introduced that WayV and NCT member Lucas, who had suspended actions attributable to a privateness controversy, would go away each teams for solo actions.
Beforehand, in 2021, netizen A, who claimed to be Lucas’s ex-girlfriend, appeared. On the time, Mr. A sued Lucas for molesting her twice and severely gaslighting her throughout their relationship. She even launched audio recordings and photographs supposedly despatched by Lucas as proof.
Afterwards, Lucas issued a prolonged apology and suspended all actions. About two years have handed since then, and he has introduced plans for his solo profession, however the public’s response has been crucial. Most reactions are skeptical, with netizens saying “Is there any risk that your solo profession will go properly?”, “SM actually doesn’t have eyes for folks”, and “Aren’t you planning to go to China for a solo profession?”
In the meantime, lady group Purple Velvet, which is on a worldwide tour of 13 concert events in 10 cities, has postponed the schedule indefinitely attributable to members’ sudden well being issues.
Specifically, Wendy was recognized with Corona 19 proper earlier than Purple Velvet’s efficiency in Thailand, and Pleasure beforehand suspended actions attributable to deteriorating well being.
In response, SM introduced on Could 11 via its official account in Thailand that Purple Velvet’s Bangkok live performance had been postponed indefinitely because of the want for self-isolation and extra testing of artists and all contributors in accordance with the Korean authorities’s COVID-19 quarantine measures. different events”
In the meantime, the boy group EXO, which is scheduled to make a comeback in 2023, was disrupted by Kai’s sudden enlistment. The members who had been discharged had been making ready for a full comeback, however it was postponed to 2025 attributable to Kai’s enlistment.
In response, SM revealed on the third that it didn’t anticipate Kai’s enlistment. Kai was making ready for EXO’s comeback this 12 months, however attributable to a latest change within the Navy Manpower Administration’s laws, he enlisted on the Military Coaching Middle on Could 11, acquired fundamental army coaching, and served as a social employee.
Nevertheless, SM’s announcement drew criticism because the army responded that there have been no adjustments to the Navy Manpower Administration’s laws concerning Kai’s enlistment.
In consequence, many individuals started to criticize the corporate for failing to correctly handle the schedules for members’ enlistment forward of EXO’s actions as a full group. Kai ultimately enlisted on Could eleventh and is scheduled to be discharged on February tenth, 2025.
As well as, SM Leisure has been consistently criticized for the reason that starting of 2023. The dispute began with a administration dispute with founder Lee Soo-man.
In January, Lee Sung-soo, former CEO of SM Leisure, introduced that they’d agreed to enhance the governance construction by breaking away from the prevailing single govt producer system. Together with this, he introduced that he would concern new shares and convertible bonds to Kakao via a third-party allocation paid-in capital enhance. As well as, Hive acquired 14.8% of SM Leisure’s shares owned by Lee Soo-man, forming a confrontation between SM Leisure’s executives and Kakao, and Lee Soo-man and Hive.
Ultimately, the dispute was resolved as Kakao, which had joined arms with SM Leisure’s administration, secured about 39% of the shares. Nevertheless, as Lee Soo-man and SM Leisure launched statements and transcripts in opposition to one another one after one other, a wave is brewing.