Lee Soo-man, a former SM Entertainment (SM) representative producer who has handed over Jasin's stake to Hybrid bicycle earlier this year, is reportedly looking for a new way out of Jasin's private office. According to recent MBC Gayo Daejejeon elders, former representative Producers have set up Jasin's private office in Cheongdam-dong, Gangnam-gu. The office, whose mission is unknown, is a separate company from ⁇ Blooming Grace ⁇ , a private company related to new technology business and real estate sales and lease established by former Producers in Seongsu-dong, Seongdong-gu, Seoul in March, ⁇ Lipollux ⁇ , a drone-related business, and ⁇ Culture Technology Group Asia ⁇ , a music publishing company. MBC Gayo Daejejeon, who recently met former representative Producers, set up an office in Cheongdam-dong and met his acquaintances on the 27th and on the phone. He seemed healthy, but he spoke of his plans for the future. Previously, the former representative Producers withdrew from the SM major shareholder in February, signing a share transfer agreement to sell Jasin's 14.8% stake in SM to Hybrid bicycle for a total of 430 billion won, worth 120,000 won per share. In a letter to the media in March, the former representative Producers emphasized that SM, which was founded after my name, will end its era today, and that K-pop should evolve into a global music with the world beyond K-pop. Some people think that these former representative Producers are going to be in the music business again. In the entertainment industry, it was reported that former representative Producers asked Hybrid bicycle to release the clause that they could only perform production work outside of Korea for the next three years at the time of stock sale. There are also opinions that the Cheongdam-dong office will serve as a base for rallying the people of former representative Producers Lee Soo-man. According to a number of entertainment officials, senior officials from SM have said that they will take a boat with Lee Soo-man, former representative Producers. In addition to MBC Gayo Daejejeon, SM C & C, an entertainment label affiliated with SM, is also told that big broadcasters are moving their enemies. An official said, "There is no definite yet, but when it is not, there is no smoke in the chimney, so we should watch the situation more."