The website
segye.com is reporting that SM has been evading a shit load of taxes through creative loopholes such as creating a singer named "SM Entertainment" in Hong Kong and funneling money through that, among other stuff. Apparently this isn't the first time such accusations have been made against the company
such as in 2003 but nothing really came of it. The 19th Seoul Regional Tax Authority and the IRS have been investigating SM for a while now and have discovered that over 30 SM employees have been evading taxes worth
a couple USD tens of millions of won.
There are rampant rumors regarding the SM Annual General Meeting being held today/tomorrow (3/21). It does seem convenient these rumors would show up now of all times.
At any rate we can only speculate what effect this will have on the Suju M comeback.
