Thursday, February 25, 2010

[TRANS] 100225 SM Korea, "Possible Improvement of Artists' Situation"

Daily News Korea
ⓒ 매일경제 &
2010.02.25 11:24:37 입력

Founder of SM Entertainment resigned from SM Korea's management position.
An SM Entertainment spokesman explained that,
"From now on, Lee Soo Man will focus only on future foreign production activities."

Lee Soo Man will withdraw from his duties at SM (Korea) which he founded in 1995.
He will formally resign from the public management director's position on the 25th,
and stay only as the main shareholder of SM Entertainment in Korea.

However, it is expected that no particular change will be made at SM after his resignation
from the director's position since SM (in Korea) has been administered by the representative Kim Youngmin.

However it could bring the case that SM artists' situation/내실
could be strengthened/improved/강화될 due to this change at SM eEtertainment (Korea).
(*No specific word written here about what kind of artists' "situation/내실" and how it could be strengthened/improved and why.)

Recently, Avex sold their stocks to Lee Soo Man and Neowizbugs.
Even if Lee Soo Man has resigned from SM's director position,
he remains strong as the main shareholder of the SM, owning a total of 28.3% in share.

*T/N: There is much news in Korea about this today,
but none of them mention anything specific about TVXQ.
So, let us not have any unnecessary worries and Always Keep The Faith together!^^

Always Keep The Faith!

Translation: Junsulv @
Shared by: { One World. One Red Ocean. One TVXQ! }

Feel free to repost, but please leave the full credits intact. Thanks!


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