Ji-won Park, Hive’s CEO, assured shareholders that their investment in SM Entertainment is not yet in the red, allaying concerns about potential losses. At the annual shareholder meeting, Park emphasized that their investment is not in the red unless the stock price drops below KRW 92-30,000.
However, the market remains cautious about Hive’s investment in SM Entertainment. Meanwhile, Park announced their plan to strengthen platform cooperation with Kakao.