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SM Entertainment under suspicions of receiving a prime rate loan from Kookmin Bank + ties to Choi Soon Shil

By jennywill   17 days ago   56,344   4,438   144
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SM Entertainment is under suspicions of receiving prime rate loans and having ties to Choi Soon Shil.


SM Entertainment had received loans from Kookmin Bank at an incredibly low rate. They received 4,496 million KRW at a 1.95% interest rate, and then 19.8 billion KRW at a 2.37% interest rate, and then 7.8 billion KRW at a 2.51% interest rate. However, if things were processed normally, the base loan rate for Kookmin Bank is 1.5%, and then with the risk added on, the interest rate should be at minimum 3%.


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Kookmin Bank argued that SM's credit evaluation was excellent and as their business scale grew, they received discounts by using Kookmin Bank as the main bank. However, other banks disagree, stating that even the best credit evaluation of AAA could not bring such rates.


Suspicions have come up that SM Entertainment's Lee Soo Man's ties to Choi Soon Shil might have brought about the incredibly low rates. When contacted by Kuki News, SM Entertainment refused to make a statement.

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    lia00027 15 days ago

    No wonder sm has been a big winner lately since "evil woman" president Park took the blue house, the bribing had been constant I suppose seeing choi soon sil was the 1st to hold power in south korean government, 2nd was her ex-husband, 3rd was president park (merely quoting from the media).  Lsm is a trash and he will always be some shit in the ass, oh yeah for those defensing lsm saying this guy is not the ceo anymore i will say do u have a brain? this guy still owns sm and the current ceo is only a name that he can use like this one for example, if some bad news come out just blame the current ceo for making this decision while truth is the mastermind will never being blamed since the shitty trash claimed to be retired.

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    jayan 17 days ago

    No dirt coming out  of this trash of a company will ever surprise me. As i said the Artists  will leave one by one as it goes now... They deserve  a good place.

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    chenyue10 jayan 16 days ago

    Typical ignorant fans who think a entertainment company only contain their idols. How many families do you think SM feeds?

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    jayan chenyue10 16 days ago

    First of all I'm not a fan, judging by your comment I can easily say how young you are to be this simple minded. Secondly the ignorance of your of being absolutely unaware of the reality of things going on with this company and still trying to make some sense out of empty words is really sad. For a fan like you, who supports and sees nothing i gotta say... SM never had the problem with the money as they make their money out of the blood and hard work of young people who even after so called debut are stuck in situation where they don't have the right of words, dying tired, fainting on stage, falling sick. The ending is always the same, they are leaving. If it weren't for the groups that brought all that fame and money to the company, Sm would have been nothing but just a small name. There's much more of the story that you don't know, so don't jump in commenting without understanding things.

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    balladlover jayan 16 days ago

    Maybe not young but merely a person who only sees one side of a story rather than both sides. What you said about this company is true. Too many things were just taken for granted.

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    lia00027 jayan 15 days ago

    Good said girl ignore those who defend sm. Laughing hard when those saying "how many families do u think sm feed?" And how many familes do u think have been hurt by sm's greediness? I'll just say eat some shit if u believed sm is good.

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    chenyue10 lia00027 15 days ago

    I never believe SM as good ever in my comments. All I said was that I wish SM would improve instead of shutting down like so many people want it. It is the best way to make everything better.

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    chenyue10 jayan 15 days ago

    I don't know how young you think I am, but while SM survive on the hardwork of the idols, the idols is also surviving on the hardwork of the workers. Its a symbiotic relationship. There is no workers without the idols and there is no workers without the idols. I don't know how you guys would know that SM have lots of money. Think about how much money they have to spend a year and how much they have to earn a year just to make a profit. If at any year they did not earn as much as they needed to, that really means bad news for the company. Maybe they can make the meets met for a few years but eventually it would all crush down. Once SM falls down, a lot of thing in the entertainment industry in korea would change and not always for the better.

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    chenyue10 balladlover 15 days ago

    How am I not thinking two side of the coin?I do often think about the well being of my idols. Which is obvious because I am a kpop fan. But at the same time, I don't only think about my idols but also the people in the background in the entertainment industry.I can't just consider about my idols without thinking about how is the people who make my idols' life comfortable are going to be.

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    chenyue10 jayan 15 days ago

    People might not believe it but having SM shutting down isn't going produce the good result they want it. They should find a way to change SM instead.

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    chenyue10 15 days ago

    Shutting down is way to drastic. We don't necessarily know that our idols would be in a better position, if SM ever shutdown. Lots of trainees would have to find new companies to train at. All idols need to find a new company. Popular idols would do fine but what about the more unknown idols.

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    chenyue10 balladlover 15 days ago

    What will happen to Zhou mi, Henry, and Jim-in. There are also SM sub companies to consider such as SM CC. They got tons of small actors and comedians under them. Where would they go when the only reason they have jobs are because of SM. Do you people think companies would just take them in without consideration? Idols coming back from army would suddenly realize that their company shutdown and they no longer have a job. They would have to find a new company just as they come back. So many things to consider yet you guys say I am the one that who can only look at one-side of things.

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    lia00027 chenyue10 15 days ago

    Whatever . if u want that it's up to u, u can write whatever u want just like everbody have the same right.

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    balladlover chenyue10 15 days ago

    the last time I checked Henry was upset with SM.

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    balladlover chenyue10 15 days ago

    Shinhwa left the company and so did JYJ. Sm wouldn't let JYJ off the hook and still continued to block them from going on music shows. I know there are people working behind the scenes, who doesn't. I'm never in a rush when it comes to music comebacks. Even if there's a new mv I wouldn't know till a few days later. There was this one time which SM did promotions for Super Junior in 2015. Posters for Super Junior’s Devil were extremely small compared to the ones from other groups. Ryeowook was sidelined by SM during his solo promotion for The Little Prince SM put put up a large poster board on the front of their Artium store at the Coex Mall in Seoul. However, the large board was taken down after just a few days to focus the public's attention on NCT.

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    jayan chenyue10 15 days ago

    You didn't get my point, seeing what you continuously trying to keep up with no real motive, (being a fan is not a motive to speak up about something you don't know about, you support you love, that's what fans do, it's thanks to you that your idols keep their smiles up and showing the best of them, making the name of their companies shine). But again, you really know a little about how entertainment companies work, so it's pointless to continue this conversation. You can go and do a little research if you want to learn more instead trying to make an empty conversation. Start with how Entertainment companies start in the first place and what brings the most success, talking about how much money they spent in one year to keep the value of the brand (Doesn't always work though, especially when that one company is one the most famous companies for plagiarism). You can't bye a talent you find one and do make it grow you need to help to lead it like a child growing into adult and show the right way helping to learn more, until they can walk on their own, finding their own way in what they do and knowing what they want, that's how a real artist are created, but when you tied up to something you can't grow too far.

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    jayan 15 days ago

    buy*

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    jayan 15 days ago

    to make it grow*

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    jayan 15 days ago

    I said it wrong not created but born. I hope you will get my pint here and good luck to you.

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    9001reasons 17 days ago

    I want to see sm get dismantled just to see the tears of their fans. Unfortunately, all they will get is a fine and then act like nothing happened.

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    chenyue10 9001reasons 16 days ago

    Typical ignorant and insensitive fan who think a entertainment company only contain their idols. How many families do you think SM feeds? Of course nothing will happened, international fans have no power no matter how much they think otherwise.

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    lia00027 chenyue10 15 days ago

    Are u some shit feeding by sm? Good for u keep eating shit asshole

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    3percenter 17 days ago

    If anyone burns it will be the CEO, CFO, or perhaps even Lee Sooman himself. But SM will continue on. SM is more than just it's crooked management. It is a global high profile brand that is a key player in kpop, and kpop is an important export product for South Korea.

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    kimmiefonze 17 days ago

    In this case, they better stop making those MVs in weird rooms with weird lighting when SNSD, TVXQ, and SuJu's comeback!

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    chenyue10 kimmiefonze 16 days ago

    Obviously that was like years ago but apparently someone didn't get the memo or has been living under a rock. But then, certain people didn't know that those rooms cost more money.

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    jeannesakarias 17 days ago

    LOL thats so gross.

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    chenyue10 jeannesakarias 17 days ago

    Most big business in the world are gross.

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    vaxanne 17 days ago

    Is this surprising? I'll be surprised the day SM stop committing crimes.

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    uzorai vaxanne 17 days ago

    Jesus! Girl diz is really a savage,u really were angry wen making diz coment lmao!!!

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    FixingEnglish uzorai 17 days ago

    "Jesus! Girl this is really savage of you. You must've been really angry when you made this comment hahaha!"

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    balladlover vaxanne 17 days ago

    Does blocking JYJ from appearing on music shows and other tv appearances count? It's been known as a shady company for quite a while

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    chenyue10 vaxanne 16 days ago

    The day that most bigg company stop commiting crimes are the day that earth get destroyed. So but not sorry you will die before that.

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    vaxanne chenyue10 16 days ago

    LOL, it's ok, if all else remain constant in terms of age, SM will definitely die way before me

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    chenyue10 vaxanne 16 days ago

    Don't know about SM but not dirty business.

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    lia00027 chenyue10 15 days ago

    The hell u are talking about shitty things but clearly u don't quite get it. No more comment for shitty head. Feel offended with my words do so since u are a shit.

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    balladlover chenyue10 15 days ago

    Really what about blocking artists who left them from going onto music shows and making appearances on variety shows who left them

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    chenyue10 lia00027 15 days ago

    Um, are you talking about yourself? Because as far I can see, I didn't even do a personal attack on you. Last time I check, I still live in a free country where I am allow to speak up about my thoughts as long it is not a hate speech.

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    chenyue10 balladlover 15 days ago

    Aside from JYJ, is there another example?

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    lia00027 chenyue10 15 days ago

    Nope shitty things definitely on u nothing personal. It's not even about speech it's about arguing.

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    balladlover chenyue10 15 days ago

    Jessica

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    balladlover 15 days ago

    Han Geng developed gastritis and kidney disease due to SM's negligence.

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    chenyue10 balladlover 14 days ago

    Jessica is not proven and she is even my ultimate bias. Hangeng was years ago but so SM learn their lesson. The funny thing is that Hangeng went promote in China right away after getting away from SM.

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    JeffBenson 17 days ago

    I Hope Sunny Bank didn't have anything to do with it :D

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    Nova_REMIX 17 days ago

    It wasn't too long ago SM stans were laughing at YG stans. Lmao karma is so good.

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    chenyue10 Nova_REMIX 17 days ago

    You not really any better.....TBH

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    balladlover chenyue10 17 days ago

    It's Karma. They can laugh if they want

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    balladlover chenyue10 17 days ago

    Plus how come it's ok for SM stans to laugh and not YG stans to laugh at them when the exact same things happen. Sure two wrongs don't make a wrong, but if you're saying this one group can laugh but this other group can't because of no particular reason, then that is the equivalent of hypocrisy

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    balladlover 17 days ago

    *two wrongs don't make a right. This was from my phone that's laggy

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    chenyue10 balladlover 17 days ago

    I never said it was ok for them to laugh YG stans but it doesn't make you any better to laugh back.

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    chenyue10 balladlover 17 days ago

    Now here is my question, who not? What make YG and YG stans so special that no other company stans to laugh at you guys. Why only SM stans is point it out when many other stans also laugh at YG. If anything its karma on YG when sm stans can laugh at you guys. Why is it ok for all the other stans to laugh at SM stans for years and not ok when we do it to others. Don't make it seem like YG and YG stans are the victims that did nothing wrong or spread malicious towards other stans. Because among all stans, YG stans are the ones who thinks they are above than anyone else. The rumor that "SM only have looks and YG have talent" was spread by YG stans to belittle SM idols. For so many years, everyone believe in it despite SM having better dancers, singers, and variety talents. So out of all stans, YG stans have the least rights to call for justice.

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    balladlover chenyue10 17 days ago

    Yg focuses more on vocals and rap and the performance but that doesn't mean they can't dance. Well at least YG doesn't block those who leave them from appearing on certain broadcast shows. The statement used is half right and half wrong. YG doesn't look for talent they want talent to look for them. YG is known for choosing talented trainees and nurturing them into artists whereas SM is more known for choosing good looking trainees and trying to train whatever skills they possess or just teach them from scrap. YG stans are relatively silent when their favorite idol group or groups are not promoting. They defend more than attack especially when they or their favs are accused of something like MAMA being 2015 rigged in their favor. Sure SM has talented idols, I never said they didn't but, the differences between YG and SM are stark as day and night. What do you mean by belittle? Are you referring to an interview in 2015 because there was nothing wrong with his statement? He never said they couldn't make their own music, the context of what he said is that they as in his group is known by the general public for songwriting. You can't compare a few composed songs to an entire album composed and co-produced by him. Well in this situation SM stans were pointing fingers at YG first. The majority of the stans are dormant when their fav groups are not promoting.

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    balladlover 17 days ago

    YG artists don't appear a lot on variety shows, but that doesn't mean they're worse compared to SM. Like I said YG focuses on delivering the best performances and its idols and artists have appeared on variety shows last year. I won't disagree with what you said for vocals since SM is home to some of the best vocalists and dancers. What YG lacks that Sm has, YG's rapping and songwriting skills make up for it

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    bangeryun94 chenyue10 16 days ago

    Yeah, cause this article is all about SME having better dancers, singers and variety talents. 🤔

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    chenyue10 balladlover 16 days ago

    Performance aren't objective like skills....I personally SM performance style better. I think it is a lot more admirable to be able to train idols to such a skill from scratch...YG ain't doing that much of good trainers than according to you guys' idea. Most YG singers are not higher than SM singers. In case of Bom, her vocal skills actually digress since her debut. 2ne1 does terrible on shows with other people. Bigbang is ok compare to Suju's variety skills. For songwriting skills, SM idols write too. All YG have over SM in songwriting department, are numbers. I have never say that YG himself belittles other companies. I specifically said YG STANS are the ones that belittles other stans. Not all of them but many from what I have seen.

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    chenyue10 bangeryun94 16 days ago

    The article is clearly have nothing to do with YG either but the original commentor clearly want to drag YG into this article. She imply that YG stans are victims because SM Stans laugh at them. Then declare Karma on SM stans. I dispute her comment then people come defend YG. Like any good debater, I present my point and proceed to prove my point. That is why I drag dance and vocals in to this article. Both of us are allow to drag inrelevant things into this articles as long as it is not a spam or hate speech. Why? Because of freedom of speech.

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    balladlover chenyue10 16 days ago

    I never implied they were victims. Btw it's hard to read people online because you only have words but not tone. Don't you think it's really ironic how they were laughing at YG stans when the exact same thing happens to them? Is it wrong to say it's karma in this case then?

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    balladlover 16 days ago

    You should just let them laugh if they want, it's not like it's a hard blow dealt to you if they do. Don't fans from different fandoms laugh at each other all the time?

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    chenyue10 balladlover 16 days ago

    I wouldn't say its Karma because if SM stans laugh at YG stans then should the stans themselves get karma? I meant the original comment not what you said.

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    balladlover chenyue10 16 days ago

    YG doesn't just have numbers for songwriting. They are known for it. It's the songwriting skills of one group that made YG the big 3. Let's leave it at this and not bring groups in this anymore

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    chenyue10 balladlover 16 days ago

    Then why can't YG stans let us laugh if we want? I never said they can't laugh. You should also let me comment because it's not a hard blow dealt to you either? Don't different fandoms comment on each other's post all the time?

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    balladlover chenyue10 16 days ago

    Look at it this way. A company is caught in a rumor, it's rival company's fans jeer at them even though no concrete evidence is presented that the rumor is true. The laughing dies down only after the company's name is cleared. A few months later the rival company gets hit with the same and if not similar rumor. They say what goes around comes around. I never implied that YG stans were victims, but like I said it's hard to tell online. They first said YG was shady with only rumors and past relationships as circumstantial evidence but then that rumor hits them not too long after.

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    chenyue10 balladlover 16 days ago

    I never said you are the one to implied that YG stans are victims. I just don't think its karma because SM did not do anything harmful to YG. Neither is everything happening to YG is SM's fault so it is not karma.

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    balladlover chenyue10 16 days ago

    I said fandoms laugh at teach other all the time and nobody said you guys can't laugh at YG nor did anybody say you can't comment. It's a pity how rumors are so easily believed without solid evidence. Why do you care about what people are saying about it being karma? Rumors can just be rumors sometimes.

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    chenyue10 balladlover 16 days ago

    Why do you care about when I said its not karma? YG stans love rumors about other companies. Don't you know?

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    balladlover chenyue10 16 days ago

    If you say that YG stans love rumors about other companies then aren't SM stans no different? Like I said rumors are just rumors. You're entitled to have you own opinion just like everyone else is entitled to have theirs. They can say it's karma just like you can refute it saying it's not karma. The rumor about YG was false so that proves that rumors can just be rumors but it took a little bit of time. Other stans thought the rumor was not a rumor and it was a legitimate shady dealing, but they were wrong. How's it wrong for other stans to view the rumor that hit SM in a similar fashion as not a rumor but a true story when it still has yet to be proven just a rumor

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    chenyue10 balladlover 16 days ago

    What rumor have I said about YG that is false? Not a single one because I couldn't careless. I have never even said this is rumor either so I have no idea where are you going with this debate.

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    shubhajan Nova_REMIX 16 days ago

    and theres us JYP STANS just in the middle lolloll

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    balladlover chenyue10 16 days ago

    You didn't even respond to what I said about Sm stans also love rumors too. Aren't you supposed to be defending the company you stan? YG stans are dormant albeit the ones who are immature. They have no reason to provoke SM stans. They defend more than attack if anything. I'm not a stan of SM but just because I'm not doesn't mean I'm laughing at their situation. But even if I am, it's because of the irony not because I don't like the company.

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    balladlover chenyue10 16 days ago

    They only bother to train some trainees from scratch since they casted them on looks and that they may be a star without even truly evaluating them first

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    chenyue10 balladlover 16 days ago

    If SM really only look for looks than their trainees would take way longer to train. Kyuhyun only trained for three month. Baekhyun and Chen trained only for 1 year. I am SM Stan that is why I said I couldn't careless about rumors surround YG.

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    balladlover chenyue10 16 days ago

    But you were unhappy with the rumor that's going on now and also at the fact that some people said it's karma

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    whogivesa 17 days ago

    Lmao it wasn't too long ago sm stans were trying to holler up and down that YG had ties to Choi. Oh the karma and hypocrisy is killing me 😂

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    shannnnt whogivesa 17 days ago

    Enjoying this tea while sipping my tea right now. 🍵

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    FixingEnglish whogivesa 17 days ago

    Hahaha it wasn't too long ago when SM Entertainment fans were trying to create drama saying that YG had ties to Choi. Oh this karma and hypocrisy is killing me.

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    balladlover whogivesa 17 days ago

    Wait what happened and when. Yup what goes around comes around

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