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Friday, February 26, 2010

[Trans] 100225 Lee Resign from SM “No Particular Change Expected at SM”

Is There Any Particular Change Expected at SM? No

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

A founder of the SM entertainment resigned from SM.

SM entertainment spokesman explained that,
“from now on Lee Soo Man will focus only for 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 a public management director’s position on the 25th,
and stay only as a main shareholder of the 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 Myongmin.

However it could bring the case that the SM artist’s situation/내실
could be strengthened/improved/강화될 due to this change at SM entertainment (Korea).
(*No specific word written here about what kind of artist’s “situation/내실”)

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

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

Always Keep The Faith!

translated by:
shared by: { One World. One Red Ocean. One TVXQ! }
Feel free to repost, but please leave the full credits intact. Thank you!

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