A brief story of “SM vs HYBE” from yesterday (16th).

●On the morning of the 16th, Lee Sung-soo, co-CEO of SM revealed the suspicions of Lee Soo-man's, former SM general producer, tax evasion outside the region and unreasonable instructions for the artist contents in a video.

● To the above, HYBE explained that "We were not told about the content regarding Lee Soo-man. the claimed contents regarding SM will be terminated by the stock purchase agreement". ● In the morning of 17th, SM objected as "HYBE

s position is twisting the core issue of the tax evasion outside the region." The SM employers also issued the joint statement against HYPE.

● After the above, HYBE objected against SM again stating "We are trying our best to solve the issue and do not have any reason why to twist the issue."