21:46 GMT05 August 2021
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    The 69-year-old head producer of one of the biggest entertainment agencies in South Korea has reportedly “gifted” a luxury apartment to a foreign journalist. SM has declined to comment on the matter.

    According to the Real Estate Registry on 21 July, Lee Soo-man donated an apartment in Cheongdam-dong, Gangnam-gu, Seoul in March to a “Korean reporter from the Seoul branch of a North American broadcast company covering news in the United States, Singapore, Hong Kong, and South Korea”.

    The Gangnam apartment is worth approximately 5 billion KRW ($4.3 million USD).

    The unnamed correspondent was recently also at an entertainment industry forum sponsored by SM.

    Lee Soo-man founded SM Entertainment in 1995 and, starting with the group HOT, pioneered the world of K-pop. He produced a number of famous groups, such as SES, Shinhwa, BoA, TVXQ, Girls' Generation, SHINee, EXO, Red Velvet, NCT, and aespa, which shaped current K-pop trends and music. He currently owns an 18.73% stake in SM Entertainment.

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