Netizens reacted to Baekhyun‘s livestream in which the idol attempted to explain recent revelations regarding his financial dealings.
Previously, it was reported that Baekhyun held a livestream in response to allegations stemming from public records surrounding his finances.
EXO Baekhyun Responds To Major Backlash After Bombshell Revelations Threaten To Expose Truth Behind Feud With SM Entertainment
Baekhyun faced intense scrutiny after it was revealed that the idol had moved into his new home. The controversy was sparked by public records that showed the idol was living in the home of a man whose daughter is on the board of Big Planet Made.
Big Planet Made is the label that SM Entertainment alleged to have tried to poach EXO-CBX members. MC Mong, who has long ties to the label, would later reveal in an off-the-record recording that he did indeed try to convince the idols to leave SM Entertainment.
SM Entertainment Accuses Big Planet Made Of Attempting To Poach EXO’s Chen, Baekhyun, And Xiumin
More suspicious is the fact that a ₩13.0 billion KRW (about $9.94 million USD) mortgage was taken out on the home under a company named One Signature. Suspicions would turn into disappointment when it was revealed that One Signature was a company started by Baekhyun. Some netizens called out the fact that the idol had taken a loan against a house that he didn’t even own.
In his livestream, Baekhyun attempted to explain that the Big Planet Made executive was a family friend. The idol also claimed that the ₩13.0 billion KRW (about $9.94 million USD) mortgage was taken out to hold himself accountable.
Despite his explanations, Korean netizens scoffed at the idol’s assertions. Many netizens criticized the idol for allegedly orchestrating the label feud while surprising themselves by the fact that they were rooting for SM Entertainment.
- “Turns out SM is a good label, LOL.”
- “Baekhyun doesn’t love his fans. He uses them and is good at manipulating them. He’s the best at giving fans grief. SM is either an idiot or a saint.”
- “I never thought I would live to see the day I root for SM, LOL.”
- “This is the first time in my life that I am supporting SM, LOL.”
- “This is the worst. Wtf? LOL.”
- “Who would have thought I’d root for SM? It’s ironic, but SM was sincere to EXO-Ls.”
- “As someone who likes EXO’s hoobaes, I cringed when he said he did this for his hoobaes, LOL.”
- “Rather than his sincerity, I feel like he’s a conman.”
- “Does that make sense? LOL. What he’s doing is called ‘Passing the home around.’”
What are your thoughts?
