It was designated by Los Angeles City Council on October 28, 2020, in honor of SM Entertainment and its founder Lee Soo-man to recognize their achievement in the global music market by leading the K-pop industry.

On October 28, 2020, the Los Angeles City Council designated the intersection of 6th Street and Oxford Avenue as "SM Entertainment Square.

"[2] The intersection was named in honor of SM Entertainment and Lee Soo-man's accomplishments in the global music market by leading the K-pop industry.

[5] The intersection was expected to promote Korean culture and lifestyle as SM's entertainment space complex, SMT LA, was also scheduled to open.

[8] Los Angeles City Councilman, Herb Wesson, expressed their "respect for the innovative contributions" that SM and Lee Soo-man had driven to the music industry while "leading K-pop onto the world stage.