208 employees under SM Entertainment‘s unit head formed the ‘SM Employees Council’ and issued a statement supporting the current management.
On February 17th, the SM rank-and-file employee council sent an email to all employees of SM Entertainment with the title ‘Stop hostile M&A to HYBE and SM with Illegal, tax evader Lee Soo Man.’
Recently, HYBE proposed a candidate for SM’s board of directors through former executive producer Lee Soo Man, and CEO Lee Sung Sooreleased a video raising suspicions about Lee Soo Man’s offshore tax evasion and real estate business rights. SM staff members supported the current SM management and expressed their strong will, saying, “Lee Soo Man abandoned SM and Pink Blood (an alias for SM fans) and ran away, but we will remain in Seoul Forest and protect SM and Pink Blood.”
The 208 regular employees who expressed their intention to participate in the statement accounted for half of all regular employees of SM Entertainment. They said, “The regular employees who were used by former executive producer Lee Soo Man for his private gains gathered their hearts together to make SM a better company.”
The full statement of the SM rank-and-file staff council is as below: