SM Entertainment's fans, Pink Bloods, have sent a protest truck in front of HYBE's building, where they opposed against the conglomerate's monopoly.
Why is it getting attention?
Pink Bloods Sends Protest Truck To HYBE, 'Defending' SM Entertainment Culture
On February 28, a protest truck was sent in front of HYBE's building, declaring disagreement over their acquisition of SM Entertainment's largest stake.
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On February 21, HYBE shared an open letter, which discussed several key points about their acquisition. HYBE's CEO Park Jiwon, acknowledged SM's internal dispute concerning management rights and authority.
He also discussed the companies' collaborative innovation, instilling creative freedom over its labels, and spreading K-pop on a global scale.
How Did The K-pop Community Take This? Here's What They Said
In a forum, many netizens were dismayed with the protest. They expressed how bold it was for Pink Bloods to send a protest truck to HYBE and even pondered their loyalty to SM.
Others suggested them to focus on SM Entertainment instead, given the company's internal dispute. Some were embarrassed because of the incident.
See their comments below:
"So basically, they sent a truck to confess that HYBE idols' haters are all SM fans?"
"Are they insane? To put it bluntly, they're the ones whose company is having a s**t show inside, why would they be s**tting on another company?"
"Is this how people become when they get crazy obsessed over a company?"
"I'm embarrassed."
What's your take on their protest against HYBE?
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