HYBE's attempted take over of South Korea's SM Entertainment likely to drag on

HYBE's attempted take over of South Korea's SM Entertainment likely to drag on

FILE PHOTO: Members of K-pop boy band BTS pose for photographs during a news conference promoting their new album "BE(Deluxe Edition)" in Seoul, South Korea, November 20, 2020. REUTERS/Heo Ran/File Photo

South Korean management company SM Entertainment, trying to fend off a takeover by rival HYBE, which manages the K-pop’s BTS, announced a new shareholder return policy on Monday, the latest move in what looks set to be a lengthy battle.