Daewoo Says SM Possesses At Least 50 Billion Won In Cash.. The Lawsuit Is Not A Problem

[-ochre.livejournal.com]

Daewoo Securities Co. Ltd. stated on the 29th that although SM’s stocks (041510) (12,950 Won, -3.00%) are plummeting due to the TVXQ lawsuit issue, the dip is nothing to greatly worry about.

Kim Chang Won of Daewoo Securities Co. Ltd. Research Center stated, “The current situation is a good opportunity to buy,” and “SM has at least 50 billion Won in cash reserves, so they will be able to easily cover a 3 billion Won compensation lawsuit.”

“Their second quarter sales will exceed the ballpark figure,” and “In the third quarter, SHINee and BoA’s domestic activities, Girls Generation’s Japanese activities and Super Junior M’s Chinese activities will reap great rewards.”

source: [edaily+Yuaerubi]
translation credits: jeeelim5@tohosomnia.net
shared by: tohosomnia.net
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Comments

[supersonicjaz.livejournal.com]

WHERE IS THAT JAEJOONG POPCORN GIF?!?11/1!?!/1/11/!!?!/

[poison-cheeks.livejournal.com]

lmfao Bernard Black ilu

[gummylovesme.livejournal.com]

“In the third quarter, SHINee and BoA’s domestic activities, Girls Generation’s Japanese activities and Super Junior M’s Chinese activities will reap great rewards.”

HJSHFHDLFH YESSSS.

On a more serious note, I wonder how much of that actually goes to their artists. :

[black-silver.livejournal.com]

[fayoosu.livejournal.com]

it's funny how SM brag abt this 50 Billion won, when half of it came from TVXQ!

[cher-ex3.livejournal.com]

Nothing new.

I think they released this info just to use as a scare tactic to the opponent.

=\

[syimato.livejournal.com]

SM need to thanks their artists and take good care of them.

[erbalurbal.livejournal.com]

the guy in the background lol

[black-silver.livejournal.com]

Super Junior M’s Chinese activities will reap great rewards.

oh.

...lol "thanks Gengbutt, sue you later~! :D *waves*"

[jinsane226.livejournal.com]

pretty much what I thought... sans the "butt" part lol

[vanann.livejournal.com]

"In the third quarter, SHINee and BoA’s domestic activities, Girls Generation’s Japanese activities and Super Junior M’s Chinese activities will reap great rewards.”

OIC.
FFFFF, SJM - happy yet feeling wtf-ish for them ): NO REST?! >:(

[maximumtimo.livejournal.com]

Why do they feel the need to reveal this? Can't thay just say 'we have more than enough' and be done with it? Ugh.

[bayergal.livejournal.com]

the dip is nothing to greatly worry about

It's okay I wasn't worried/don't care about SME's future anyway :)


Super Junior M’s Chinese activities

FFFFFF YESSSSSS

[stopthedisco.livejournal.com]

wow thanks daewoo, now i totally feel like jaechunsu can win this because of this breathtaking information

[roch-02.livejournal.com]

HAHAHA IRL

[roch-02.livejournal.com]

We'll see

[ramunerain.livejournal.com]

well, whoop-dee-fuckin'-doo for them then.

[skrillex.livejournal.com]

Cool story broSM.

[black-silver.livejournal.com]

A++ would lol again

[citzera.livejournal.com]

In the third quarter, SHINee and BoA’s domestic activities

DOES THIS MEAN THAT SHINEE'S JULY-RELEASE IS HAPPENING AFTERALLLLLL??????????

[ethereal-limbo.livejournal.com]

Gurl, set your priorities straight. BoA >>>>>>>>>>>>>>>>>>> SHINee. >:D

jk, boo. :

If you wanna be rich, You've got to be a bitch

[kishikiari.livejournal.com]

(http://pt-br.tinypic.com)

[lydzi.livejournal.com]

I just really despise that company.

[erbalurbal.livejournal.com]

I like how people are getting pissed at SM when this is just an opinion article from an investment firm.

[ethereal-limbo.livejournal.com]

Reading comprehension isn't a common skill around here.

TVXQ members file 3 bln lawsuit against SM

[ashiva.livejournal.com]

Three members of boy band TVXQ, namely Hero Jaejoong, Micky Yoochun and Xiah Junsu, have filed a lawsuit worth three billion won, equivalent to nearly 2.5 million dollars, against major talenthouse SM Entertainment.

According to the Seoul Central District Court on Monday, the three singers brought suit against SM, demanding that they be confirmed their 13-year exclusive contract with the agency had been nullified, along with one billion won each, part of their share of profits they claim to have failed to receive.

The three had applied for provisional disposition of their contract with SM last July, saying it was too long and unfair, to which the court ruled in partial favor of, stating that SM cannot interfere with their individual activities.

This led to a halt of their activities as a five-man band in Korea and a few months later in Japan. The three then formed a separate group, signing with Japanese agency AVEX, through which they declared they would pursue their singing careers.

After giving a series of sold-out concerts in Japan just two weeks ago which they held to "express gratitude to fans," the new trio have been gearing up for their debut which is set to be produced by prominent U.S. musicians Kanye West and Timbaland.

Meanwhile, SM too had sued the three singers in mid-April in a suit worth 2.2 billion won for the damages the agency and the remaining two members, U-Know Yunho and Max Changmin, have suffered from the legal battle.

Since their 2004 debut, TVXQ, discovered and managed by SM, had arguably been one of the most successful K-pop acts in Asia with reportedly the largest fanbase in the world.

Enjoying great success in the Japanese music industry in particular, they became the first foreign artist to top the Oricon singles charts six times and placed their single and album simultaneously within the top three slots of Oricon's singles and albums chart, the first time for a foreign artist to do so in 15 years.

Source: asiae.co.kr (http://www.asiae.co.kr/news/view.htm?sec=ent5&idxno=2010062915400824706)

Re: TVXQ members file 3 bln lawsuit against SM

[jhj2001.livejournal.com]

After giving a series of sold-out concerts in Japan just two weeks ago which they held to "express gratitude to fans," the new trio have been gearing up for their debut which is set to be produced by prominent U.S. musicians Kanye West and Timbaland.
okay curious mind is curious. the bold part, was it really written in ".." in the original article? :O

[brassbikini.livejournal.com]

Girls' Generation’s Japanese activities will reap great rewards.

:|

[jinsane226.livejournal.com]

I doubt that... :/

[love-keiko.livejournal.com]

whatever.

u kno that story about boys who brag about having big dicks?

yeah....i see u, SM.

[light-lee.livejournal.com]

yeah except this isn't SM bragging. It's just one well-informed guys opinion.

[michababy.livejournal.com]

And...? So...? Therefore...?
Okay, SM. Quit being a little bitch because you didn't think JCS actually had the balls to take this all the way to the end.

[jinsane226.livejournal.com]

THIS

[khelsenari.livejournal.com]

Screw this, I get to stare at ZHOU MI'S FUCKING gay BUTT AGAIN! <3

[ethereal-limbo.livejournal.com]

1) How do you guys know if they get money or not? You expect them to act like typical Hollywood divas wearing Gucci, Louis Vuitton bags and wear all that mainstream and superficial expensive shit. ._.

2) I'm pretty sure they get paid well. Maybe not as much as they deserve, but it's not like they're hobos... Cut with the "SME gives only 1USD a month to them".

[des-akazim.livejournal.com]

yeahhh this.