South Korean activist investor Lee Chang-hwan is facing the challenges of reforming K-pop. Last year, Lee's fund Align Partners bought a one percent stake in SM Entertainment, one of South Korea's leading music companies which helped bring K-Pop to the world, managing early hit groups like boybands Super Junior and SHINee. Lee used that stake to show that SM founder Lee Soo-man -- the so-called Godfather of K-Pop -- was, in effect, syphoning off millions of dollars every month in bogus consulting fees. IMAGES AND SOUNDBITES