SM, Hybe dispute snowballs over Lee Soo-man tax evasion allegation

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SM, Hybe dispute snowballs over Lee Soo-man tax evasion allegation
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The feud between SM Entertainment and Hybe is escalating as the two companies continue to refute each other’s position in relation to SM founder Lee Soo-man’s suspected offshore tax evasion. | via Asia News Network CDNDigital CDNDEntertainment

The allegation was first made Thursday by SM’s co-CEO Lee Sung-soo, also the founder’s nephew, when he posted a video to YouTube exposing his uncle’s alleged offshore tax evasion.

He added that SM’s contract with the Hong Kong-based company remains solid even after SM ended its business contracts with Like Production last year. HYBE K-pop groups BTS and NewJeans, SM Entertainment K-pop groups EXO and Girls’ Generation. Images: Twitter/@BigHit_Music, NewJeans’ official website, Twitter/@weareoneEXO, Twitter/@GirlsGeneration

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