Yesterday, I’ve learned that a South Korean multinational entertainment company, HYBE Entertainment who is the home of a super popular K-Pop band BTS, became a shareholder for a K-Pop music company, SM Entertainment, which cause a huge controversy for the past week. Correct me if I’m wrong.
I want to know more about shareholders like what they do, what they process. I’ve been surfing the Internet for information and seeing how many labels or companies were under HYBE.
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As someone who’s never been a shareholder, I’m pretty sure they just sit around drinking fancy cocktails while shouting “BUY, BUY, BUY” into their phones. But in reality, shareholders are individuals or organizations that own a part of a company and have the right to vote on important business decisions and receive a share of the profits. It’s kind of like being a part-owner of a business, but without all the hard work.
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