“Explosive Fallout: NCT’s Taeil Sparks Outrage and Calls for Justice Amid Disturbing Allegations!”
Some speculated that whatever evidence authorities found during the investigation must’ve been serious since, according to them, this is the first time in a decade SM Entertainment have cut ties with an idol due to a scandal.
“They usually just put them on hiatus during controversies. What he did must have been very horrific and/or he’s being sued by the victim,” another commenter argued. “I hope he rots in jail.”
Kakao, the corporation that owns SM Entertainment, announced on July 2024 the decision to sell the majority of its subsidiaries, including the K-pop firm
Image credits: SMTOWN
The controversy comes one month after Korean media reported that Kakao, the company of which SM Entertainment is a subsidiary of, announced the selling of most of its assets.
“Except for assets identified as future core businesses, we have decided to sell everything,” a Kakao representative said in a press release, “SM Entertainment, identified as a cause of various prosecution investigations, has been internally decided to be sold.”
Image credits: mo.on_air
The aforementioned investigations are linked to SM’s founder, Kim Beom Su, who faced prosecution for manipulating the business stock price during negotiations.
“Right now, SM is at its highest profitability and peak value, making it the perfect time to sell it at a high price. It seems logical that SM would be the first priority for sale since selling requires a good product,” the representative continued.
Fans speculate Tae-il’s sudden removal was a calculated move to protect SM Entertainment’s image amid ongoing investigations
