Financial Supervisory Service warns financial companies not to intervene in SM disputes
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-03-06 05:25:47
[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service will block financial companies' attempts to intervene in SM Entertainment management disputes in advance.
It warned that if unfair transactions, etc. for the purpose of collecting fees through extensive inspections are discovered, they will be dealt with sternly.
According to the financial sector on the 5th, the FSS is checking financial firms such as securities firms and asset management firms that are involved in or want to intervene in the process while watching Hybe's recent public purchase of SM shares.
In the SM dispute, the Financial Supervisory Service put all direct and indirect cooperation using various financial techniques on the review list. If a problem is found, it will be strongly punished without exception.
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