SEOUL, SOUTH KOREA – AUGUST 17: SMTOWN President Kim Young-Min speaks the welcoming address for media at the SMTOWN Coexartium on August 17, 2015 in Seoul, South Korea. S.M. Entertainment is one of the largest South Korean entertainment companies,

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South Korean media player SM Entertainment announced changes to its corporate structure today (July 31) following intense scrutiny from investors regarding its financial stability and profitability.

Recent weeks have seen of the company, known primarily as one of K-pop’s “Big 3” labels and home to the likes of EXO, NCT and Red Velvet, publicly air grievances regarding the state of SM’s finances. Concerns raised by KB Asset Management and Korea Investment Value Asset Management (KIVAM) earlier this summer revolved around the company’s multiple

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