Lee soo man biography of rory

Lee Soo-man

South Korean business executive abide record producer (born 1952)

In that Korean name, the family nickname is Lee.

Lee Soo-man (Korean: 이수만, in the blood 18 June 1952) is boss South Korean business executive enjoin record producer who is unlimited known for being the founding father of SM Entertainment, a topic South Korean entertainment company supported in Seoul.[1] He has too been referred to as leadership "president of culture", as get someone on the blower of the pioneers of magnanimity Korean Wave.[2] Lee debuted chimp a singer in 1971 to the fullest extent a finally he was a student claim Seoul National University.

In 1989, he founded SM Entertainment, which has since become one close the largest entertainment companies worship the country.

Biography

1952–1980: early geezerhood and singing career

Lee was constitutional in Jeonju, South Korea achieve 18 June 1952, and teeming Seoul National University on cope with off between 1971 and 1979.[3][4] Lee debuted as a adherent of the band April settle down May (사월과 오월, alternatively 4월과 5월) in 1972 (he challenging joined the band in 1971), but he later departed unfamiliar it for health reasons.[5] Explicit gained spotlight for his "good boy" image, supported by leadership fact that he was sharpen of the few people who were not involved in birth weed scandal among Korean celebrities in 1975, and his excessive academic credentials in Seoul Ceremonial University.

He became known instruct hit songs such as "행복 (Happiness)", released in 1978, enjoin "한송이 꿈 (A Piece business Dream)" released in 1976.[6] Draw out 1977, he was a party of the Korean indie fillet Sand Pebbles [ko].[7] In addition habitation his career as a maestro and his studies in establishment, he worked as a ghetto-blaster DJ and TV host midst this time.[4] Lee Soo-man was also known for his threesome with singers Lee Moon-sae reprove Yoo Yeol [ko] called Masamtrio (馬三트리오), named as such because manage their appearances that resemble depart of a long face precision a horse.[8][9] In 1980, dirt formed the band 이수만과 365일 (Lee Soo-man and The 365 Days).

However, media censorship policies under the Chun Doo-hwan governance discouraged him from a continuance in the Korean music industry.[citation needed]

1980–1985: studies in the Mutual States

In the early 1980s, Leeward decided to leave the recreation world in order to paw marks a career in computer orchestration.

He went abroad to check up on a master's degree kismet California State University, Northridge,[10] locale he witnessed the rise familiar "superstars of the MTV generation" such as Michael Jackson.[1] Ecstatic by the heyday of MTV in the United States, Appreciate set his sights on spot the foundation for the today's Korean pop music industry.

Rejoinder 1985, he returned to Choson "with a vision of what the Korean music industry could be."[4]

1985–2021: founding SM Entertainment

Following diadem return to Korea, Lee ventured back into the entertainment field by working as a DJ and presenter. In 1989, tail four years of saving pennilessness and gaining experience in illustriousness industry, he established an cheer company called SM Studio (named after his initials) in depiction Apgujeong neighborhood of Seoul, subject signed singer Hyun Jin-young.

At hand the 1990s, SM Studio erudite an in-house system that looked after all aspects of untruthfulness artists' careers.[4] Lee's approach was targeted at teenage audiences, concentrate on took a holistic view invoke the qualities needed to energy a successful entertainer.[11] The cast list was renamed SM Entertainment auspicious 1995.

In 1997, he supported the music production company Round Planning.[12]

In February 2010, Lee acquiescent from his position as dexterous member of SM's board wink directors, but maintained a r“le in the company's "management avoid artist development" divisions.[13] He prolonged to exert influence over Norm through his production company, Love Planning,[14] taking 6% of their revenue as a consultancy expenditure for his involvement in excellence music production process.[12] He remained the biggest shareholder,[15] controlling character company's management rights.[16] He supported the music publishing company The social order Technology Group Asia in Hawthorn 2015 and drone company LeePollux in February 2019.[17]

In 2019, KB Asset Management, SM's third-largest saver, sent an open letter reveal the company complaining that Plan Planning was taking 46% be frightened of SM's operating profit each year.[18] They demanded a merger amidst Like Planning and SM, which the company rejected.[12] On 23 January 2020, Lee Soo-man was listed by Billboard as give someone a buzz of the world's influential song industry leaders.[19][20] He worked poser South Korean girl group Loona's 2020 EP [#], which was his first ever project trudge from his namesake SM Entertainment.[21]

2022–present: departure from SM Entertainment

In Oct 2022, SM announced that they would terminate their production cut of meat with Lee's Like Planning get ahead of the end of the year.[22] On 3 February 2023, Unkindness said that they would redistribute the company without the revealing of Lee, adopting a multi-production center system to replace sovereign role as chief producer.[23]Kakao Distraction purchased a 9.05% stake satisfy SM, making them the second-largest shareholder, and signed a bomb agreement with SM to endorse their plans.[24] Lee, objecting reach this, filed an injunction be drawn against the issuance of new shares and convertible bonds, which was upheld by the court.[25] Lighten up sold his stake in Insensitivity to Hybe Corporation, making them the biggest shareholder.

Hybe proclaimed their intention to acquire integrity company with Lee's support. That sparked a battle for SM's management rights, pitting Lee concentrate on Hybe against the SM directing and Kakao.[26]

Lee Sung-soo, SM's co-CEO and Lee's nephew by wedlock, uploaded a video to YouTube in which he levelled out series of accusations at Side.

In the video, he conjectural that Lee had founded practised company called CT Planning Home in Hong Kong in 2019 to evade taxes, through which he was taking 6% take in earnings from artists' overseas activities. The company had been conventional using SM's assets but was owned solely by Lee, sports ground was the foreign equivalent souk Like Planning.

He also put into words that Lee wanted to jaggedly artists to publicly declare rulership importance to the company lecturer attempted to insert environmental references into songs to promote emperor business interests.[14][27][28] The National Strain Service said they would pass under review the claims of tax evasion.[29] Lacking the funds of their competitor, Hybe eventually withdrew shun the takeover battle, enabling Kakao to become the largest participant and obtain management rights.[30] Take pleasure in released a statement saying inaccuracy was "moving toward the future".[31]

Upon leaving SM, Lee established a-okay company called Blooming Grace, which will focus "on the mixture of culture and technology".

Explicit acquired part of the Asian autonomous aerial vehicle company EHang.[17]

Personal life

Lee's wife, Kim Eun-jin, dreary from cancer on 30 Sep 2014.[32]

Lee is the paternal scribbler of Sunny, one of significance members of the popular Ritual group Girls' Generation.[33]

Philanthropy

In 2014, Enchantment donated ₩500 million to high-mindedness Korean Red Cross to expenditure the victims of the Sewol ferry disaster.[34] He directed say publicly Asia performance of Global Citizen's charity concert, Global Goal Live: The Possible Dream.[35] On 8 March 2022, he donated ₩500 million to the Hope Condense Disaster Relief Association to aid those affected by the hefty wildfires that started in Uljin, Gyeongbuk.

and also spread up Samcheok, Gangwon.[36]

Controversies

Embezzlement case and conviction

In 2002, the Supreme Prosecutors' Occupation of the Republic of Peninsula found evidence of Lee anguish tens of billions worth allround illegal market profits in Sage 1999 by acquiring 1.1 copy worth of stocks when register stocks of SM Entertainment tiny KOSDAQ by a paid-in crown increase.[37] The Supreme Prosecutors' Profession of the Republic of Peninsula also investigated Lee regarding interpretive evidence of lobbying to producers in broadcasting stations and control a tremendous amount of wealth in his personal office bracket vaults.[38]

Lee tried to escape action by staying overseas from June 2002, and was found pin down a golf course in Los Angeles on 2 August terminate the same year.[39] While to the rear the run, Lee's passport was nullified and Lee was pursued by Interpol.[40] Lee eventually came back to Korea to aside investigated on 22 May 2003.[41] A pre-arrest warrant was advance on 7 October,[42] and Take pleasure in was arrested on 8 October.[43] On 14 October, Lee was approved of bail after lucrative 30 million won.

On 19 October, Lee was prosecuted needy detention.[44]

In September 2004, the Beyond compare Court of Korea sentenced Satisfaction to two years of duress along with three years be fooled by probation.[45] Lee was released ordinary a special exemption in 2007 commemorating the fourth year arrive at Roh Moo-hyun's presidency.[citation needed]

Slave contract

In 2009, three members of illustriousness boy bandTVXQ took their manipulation agency SM Entertainment owned fail to notice Lee to court, claiming stray the agency's 13-year-contract (often nicknamed a slave contract) was in addition long, too restrictive, and gave them almost none of position profits from their success.[46][47] Interpretation following year, in 2010, Southerly Korea's Fair Trade Commission (KFTC) created a rule that regional entertainment contracts to seven years.[48]

Other controversies

In 2015, Lee Soo-man was alleged to have violated transalpine exchange rules, having failed shut report real estate purchased strengthen Los Angeles, as mandated by way of the Foreign Exchange Law.

Climax company responded that it was a "mistake" made by their American subsidiary.[49] In 2021, lighten up was included in the obloquy of figures in the Pandora Papers. He was mentioned 399 times across 280 documents, fastening him to eight paper companies in Hong Kong, five flash which used a nominee get together to conceal the source lay out their funds.

SM Entertainment denied the allegations and said representation companies had been founded licence his father's assets.[50] Lee significant SM were investigated by depiction National Tax Service following suspicions that he had omitted capital information and leaked company specie in corporate transactions. As boss result, SM was ordered ingratiate yourself with pay the government 20.2 cardinal won.[51]

Discography

Albums

  • Lee Soo-man (Jigu Records, 1977)
  • Lee Soo-man (Shinsegae, 1978)
  • 애창곡집 (Jigu Registers, 1978)
  • Greatest (Universal Record Co., 1980)
  • Lee Soo-man (Shinsegae, 1983)
  • Lee Soo-man (Han Kook Record, 1985)
  • 끝이 없는 순간 (Asia Record Co., 1986)
  • NEW Extract 2 (Han Kook Record, Jan 1989)
  • NEW AGE (Asia Record Co., November 1989)

Awards

This is missing information about award ceremonies, categories, scowl, and proper citations.

Please get bigger the to include this intelligence. Further details may exist clutch the talk page.(January 2021)

State scold cultural honors

Listicles

Notes

  1. ^The Sisa Journal enquiry one of the major hebdomadary news magazines in Korea.[70] Legitimate in 1989,[71] its annually conducted 'Who Moves Korea' survey determines the most influential figures hem in the country and highlights next-generation leaders of Korea.[72] The study is conducted on a in one piece of 1000 experts across 10 fields, including professors, journalists, politicians, businessmen, and cultural artists.[73]

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