"HYBE and SM together accounted for 52% of record sales last year according to data from the Circle Chart," Align Partners CEO Lee Chang-hwan said in an interview, referring to South Korea's sales tracking agency.

Source: https://www.ibtimes.co.uk/k-pop-monopoly-bts-agencys-plan-buy-big-slice-rival-stokes-concern-says-activist-fund-1712901

Lee filed an injunction request to block the deal that was approved by a court, and sold a 15% stake in SM to rival agency HYBE, setting up a takeover battle.

Source: https://www.shorenewsnetwork.com/2023/03/11/explainer-how-kakao-won-a/

What is HYBE IM?

Source: https://mashable.com/article/earthquake-san-andreas-the-big-one