Saturday, March 9, 2024
HYBE Bang Si-hyuk receives a salary of '1 won' this year... Instead, receives a bonus of 980 million won.
Bang Si-hyuk, the chairman of HYBE, has been said to receive a salary of 1 KRW (~$0,00076 USD; ~Rp12 IDR) this year.
According to the '2024 Internal Director Compensation Plan' disclosed by HYBE on the 8th, Bang's chairman salary was set at 1 KRW. Previously, Bang received a total compensation of 357 M KRW last year, including a salary of 50 M KRW, a bonus of 300 M KRW, and other labor income of 7 M KRW.
Regarding the reason for this year's salary decision, HYBE stated, "To emphasize the message of responsible management as the chairman and HYBE's 'Pay for Performance' compensation philosophy, the basic salary was set at 1 KRW."
However, under the short-term incentive system, Bang will receive a bonus of 980 M KRW. According to HYBE, this was determined based on the '2023 Management Performance and Evaluation Criteria' set by the Compensation Committee.
HYBE CEO Park Ji-won's salary has been set at a total of 2 B KRW this year, with 1 B KRW in salary and 1 B KRW in bonus. Last year, Park received a total compensation of 1.52 B KRW, including a salary of 91.6 M KRW, a bonus of 600 M KRW, and other labor income of 4 M KRW.
Meanwhile, as of December last year, Bang Si-hyuk was identified as the wealthiest stockholder in the cultural content production and distribution sector in South Korea. According to a survey by the Korea CXO Research Institute on the ownership of individual shareholders in cultural content production and distribution companies, Bang's shareholdings were worth 3.774 trillion won. Among the 34 individuals who owned cultural content stocks worth more than 10 B KRW, including Bang, there were 12 shareholders of HYBE.
-What the..
-Wouldn't that be a problem?
-So 980,000,001 KRW...
-He's living a really good life...
-Give me some
-That's less than I expected, though...
-Not fun
-He did that to avoid paying taxes, right?
ㄴIt's a complete loss for the company,, it would be difficult to get a good response anyway because the low salary is compensated with bonuses, so I don't understand why they're doing this..
ㄴThen why are they doing that?? Why would they do that just to release a news article about the CEO's salary being 1 won??
-Still, it's an incredibly small amount...
Yoo Seungho Shows His Support to DAY6 by Starring in Their New Song MV
Controversy Over Karina's Apology Letter, Industry Claims 'Evidence of SM Management Collapse'
Sacrificing the Fandom for Apology
Karina apologized through a handwritten letter on her SNS on the 5th regarding the dating news with actor Lee Jaewook. The letter conveyed apologies to the surprised fans.
However, the apology method stirred controversy. By apologizing directly on a platform like social media where millions can see, it seemed to give a strange treatment to 'My' and only fueled the fandom's anger. It's worth noting that Karina's SNS has over 12.79 million followers, and the comments on her apology letter surpassed 140,000.
It seems like fans wanted Karina to break the news of the dating rumors through their communication channels first. Especially considering that Aespa has a strong female fanbase, there's a sense of disappointment that SM Entertainment didn't understand how important it is to handle things the right way for them.
One music promotion insider put it this way: "The female fandom operates differently. They don't want their favorite artists falling behind in competition with other idol groups because of external factors." It's kind of like the idea of rooting for the home team in sports.
-Well, Sm must have its reasons. Karina must have her own thoughts too, and who would want their artists or company to be criticized? Isn't Dispatch at fault first for taking the photos without knowing the whole story? Personally, I think it's okay for an artist to admit to dating. It seems a bit fake to pretend otherwise to the fans while doing everything behind the scenes.
-Ultimately, it's true that real fans who were already upset are now being mocked and hit from all sides because of that one apology. The way SM Ent. handles this matter was wrong.
How would you feel if your boyfriend says, "I'm dating you because you're pretty"?
1. Since he's complementing me for being pretty, I'd feel good
2. Since he's only dating me for my looks, I'd feel bad
Please write your MBTI too
-2. I'm an ISTP.
-1. I'm an ESFJ.
-1. I'm an ENTP.
-1. I'm an ISFP. I know I'm not that pretty, so I'd just take it as a joke slightly mixed with compliment.
-I'm not that pretty, but there have been a lot of people who told me that I'm their ideal type, regardless of their gender. So I'd just think that he's saying that I'm his type, but I don't know how to react. I mean... I'm not sincerely thankful, but I'd say 'Thank you'.
-That's funny. I'd just take it that he's completely in love with me. I'm an ISFJ.
-1. I know I'm not that pretty, so I'd just take it that he's completely in love with me.
-Obviously 1ㅋㅋㅋㅋI'd just reply "My looks are indeed my greatest weapon, hohoho" and feel good about it.
-2, isn't it natural?? I mean, we're not just friends. We're in love with each other, it's unacceptable to say things like that.
-1. Well, I'm dating him because of his looks too...ㅎ
-2. I'm an INFJ. But it might vary depending on his tone when he says it.
-1. I'm an INTJ.
-1. I'm an ENTP, I think I'd feel really good if someone told me that.
-1. I'm an INTJ. I mean... He says I look pretty, it probably means that he's really in love with me.
RIIZE's fan concert is gaining attention due to its high ticket price.
Friday, March 8, 2024
Former NCT Member Lucas to Debut as a Solo Singer in April
Following his departure from NCT, Lucas is set to debut as a solo singer.
According to multiple music industry insiders on the 8th, Lucas will debut as a solo singer in April. He is currently in the middle of preparing for his first album.
Lucas's return to activities comes after a hiatus of three years. In 2021, Lucas suspended his activities due to controversy over his personal life, and last year, he officially withdrew from NCT.
However, Lucas has decided to remain with his agency, SM Entertainment, and continue his personal activities. Recently, Lucas has shown signs of comeback by opening official social media accounts. He addressed the controversy directly through YouTube and apologized once again. He also expressed his regret to the NCT members.
-He can't sing, can he?
-Must be nice for him
-Why in Korea, though?
-Wait, does he have something against SM?
-The fact that they always mention NCT in his articles...
-SM is truly amazing, not in a good way.
-Wasting staff resources...
-SM is amazing, seriouslyㅋㅋㅋㅋㅋ Wow, amazing, amazing, truly amazing ^^
-Just get rid of the useless ones, damn it.
-Does that mean the underrated idols in SM have to cause accidents to get attention?....ㅋㅋㅋㅋ
-I wonder if it will work outㅋㅋㅋ Does he have fans?
-Is he going to be active in Korea??
-Are there people who support him?
-Is there a demand?
-In Korea????????? Wow..
-In the end, he's debuting as a singer, but I hope he won't come to SM concerts in the future...



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