HYBE’s acquisition of shares in SM Entertainment has sparked concerns about the formation of a potential monopoly in the K-pop industry. A monopoly is a situation in which one company or entity has control over a particular market or industry, resulting in no real competition and the ability to set prices and make decisions without much contention. Some fans are concerned that lack of competition could affect the innovation and diversity of their artists’ music, while others believe the increased resources and collaborations between labels could benefit the industry.
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What is Causing Concern Among Fans About “SM with HYBE” in the K-Pop Industry Monopoly?
