In a significant move shaking up the K-pop business landscape, South Korea’s HYBE Corporation has officially sold its remaining 9.38% stake in rival agency SM Entertainment to Tencent Music Entertainment for a reported $177 million, according to a regulatory filing made public this week. The deal involves 2.21 million shares traded at 110,000 Korean won … Continue reading HYBE Sells SM Entertainment Stake for $177 Million — Tencent Becomes Major K-Pop Player