EXO’s Baekhyun, Chen and Xiumin have filed an official lawsuit to terminate their contracts with SM Entertainment.
In a statement, the three members reveal that SM Entertainment owes them overdue payment and has offered unreasonable deals such as trying to extend their contracts by at least 17 years.
The legal representatives of Baekhyun, Xiumin, and Chen (hereinafter referred to as the artists) said, “The artists previously sent content certifications to SM seven times through their legal representatives from March 21st to the present, and through this, transparent settlement data and a copy of the settlement basis,” he said.
Along with this, “It is artists’ least legitimate right to request accurate and transparent settlement grounds for settlements that have not been clear in the past, and SM is also obliged to comply in accordance with the exclusive contract and the Popular Culture and Arts Industry Development Act. However, SM is We maintained an unfair position that we could not provide copies of the data.”Members of the group EXO (EXO), Baekhyun, Xiumin, and Chen (Baekhyun Byun, Minseok Kim, Jongdae Kim) argued for the unfairness of the exclusive contract with SM Entertainment.
On the morning of June 1, Lawyer Lee Jae-hak of Lin Law Firm, who was in charge of legal representation for EXO Baekhyun, Xiumin, and Chen, issued an official statement regarding the unfairness of exclusive contracts between Baekhyun, Xiumin, and Chen and SM Entertainment (hereinafter referred to as SM). did.
In addition, “After SM has signed long-term contracts with artists of more than 12 to 13 years in the past, this period is not enough, so they have them sign the subsequent exclusive contract again, and the long-term contract period of at least 17 years or more than 18 years. They are also repeatedly committing extremely unfair tyranny, such as making claims.”
They also said, “About this, artists feel that SM is forcing artists to sign so-called slave contracts based on their superior position over a period of 20 years, including the period of not a little trainee.”
The following is the full statement of EXO’s members Baekhyun, Xiumin, and Chen (Baekhyun Byun, Minseok Kim, Jongdae Kim).
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