”SM founder” Lee Soo-man, former general director, returns to the music industry with ”non-competition”? Headquarters in Singapore with an eye on globalization

Lee Soo-man, former executive producer of SM Entertainment, recently announced his return to the music industry with the new company A20 Entertainment, drawing attention to the non-competition agreement.
According to the music industry on the 28th, Lee Soo-man sold his SM shares to HYBE in February last year and agreed to a "ban on domestic producing for three years."
Due to the ban on producing music, Lee Soo-man cannot produce music in Korea until early 2026. However, Lee Soo-man's comeback is unrelated to the ban on competing. "A20" is
The company has its headquarters in Singapore, not in Korea, and branches in the United States, Japan, and China. Through its overseas headquarters and branches, the company aims to develop global talent that is not Korean.
On the 25th, Lee Soo-man announced on YouTube that he will be releasing a new song for Rookies, a trainee group from A20 Entertainment.
The group released their performance. Information about them, including the time of their debut, has not yet been released. Lee Soo Man transferred his shares in SM to HYBE in February last year, and
At the time, he said, "As always, I am heading towards the future," and "My K-POP will evolve beyond K-POP into global music that is shared with the world."
I have to do it," he said.