SM Ent. in controversy over deals led by top management

Q: How long will it take to read this news story?

The story "SM Ent. in controversy over deals led by top management" has 443 words across 22 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SM Ent. in controversy over deals led by top management" was covered 2 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 2 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Positive, indicating that people regard this as "good news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #17953941</li><li>URL: https://beamstart.com/news/sm-ent-in-controversy-over-17005473675856</li></ul>

Korea Economic Daily Logo Korea Economic Daily 2w ago

SM Ent. in controversy over deals led by top management - Korea Economic Daily

Quick Summary:

SM Entertainment is yet to confirm whether Choi hasn’t violated the non-compete agreement and the VC unit has informed its limited partners on the investment in the startup, the K-pop label told The Korea Economic Daily.

In September of this year, SM Entertainment acquired Seoul-based 10x Entertainment’s management division at 2.2 billion won.10x, a small K-pop agency managing only one artist, was founded by Choi in 2020.

The music label, via its venture capital unit SM Culture Partners, invested 1 billion won ($774,353) in a local app development startup through Series A funding in June 2022, banking sources said on Tuesday.