Kakao Entertainment expressed its regret to HYBE regarding the business cooperation contract with SM Entertainment. .

●HYBE claimed that it was possible to collaborate with Kakao on the 21st for the business cooperation contract of the three companies, but on the 24th, HYBE suddenly asked SM Entertainment's management to stop making the detailed decisions related to this contract all together. HYBE overturned its position, calling for a complete cessation. .