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SM shares are falling at an alarming rate following rumors that NCT is sleeping with fans

On June 4, rumors started circulating that Haechan and Johnny from NCT were sleeping with three women in Japan, two of whom are fans of NCT. So far, despite fans’ demands for a decent response, SM Entertainment has remained silent, worsening the reactions to the rumors.

SM entertainment

Furthermore, following these rumors, it was reported that SM shares fell 9.75% during a trading session and rumors were floating around the stock market.

It seems that SM has been dealt a major blow by the persistent rumors, despite positive news about Aespa’s excellent performance with their recent album “Armageddon”, NCT Dream’s successful world tour and Red Velvet’s comeback.

Source: Naver, Krb