[Alpha Biz=(Chicago) Reporter Kim Jisun] SM Entertainment is going recently He officially denied rumors of Kakao's re-sale and management replacement, which have been raised by some in the industry and stock markets.

In a recent media report released this morning (5th), SM said, "According to our communication with Kakao, Kakao is not considering replacing management."

SM emphasized, "We continue to work closely with Kakao and Kakao Entertainment to pursue joint growth and create mutual synergy."

Kakao also said in a public announcement on the 29th that rumors of the sale of SM Entertainment were not true.

 

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