According to Yonhap News (17 December), Korean company SM Entertainment’s founder, and largest shareholder Lee Soo Man sold away a portion of his shares on 15 December, cashing in for about 7.8 billion won.
Korean Economic Investment Industry expressed on 16 December, that Lee Soo Man, on the 15th of this month, sold off 500,000 shares at the price of 15,671 won per share. This was approximately 7% lower than the closing price of 16,850 won from the previous day. In total, he received 7.83550 billion won.