[theqoo] SM'S SIDE "EXO BAEKHYUN, XIUMIN, CHEN'S NOTICE OF TERMINATION OF EXCLUSIVE CONTRACT, ILLEGAL ACTIONS FROM OUTSIDE FORCES"

Hello, this is SM Entertainment.

Through the SM 3.0 strategy announced earlier this year, we presented a new vision as a leading global entertainment company, and accordingly, we are working hard to meet the high expectations of our fans while steadily improving corporate governance.

However, taking advantage of the period when we are concentrating our capabilities to prepare for a new leap forward, we have confirmed the presence of outside forces trying to approach our artists and deliver false information/wrong legal assessments, such as convincing them that there would be no legal repercussions if the artists chose to sign contracts with other agencies while still bound to SM Entertainment. External forces making unreasonable proposals have been confirmed. Despite a complete lack of genuine thoughtfulness toward the artists, these outside forces are using groundless rumors, libel and slander, and sweet talk to coerce our artists into violating their exclusive contracts or signing multiple contracts, engaging in clearly illegal activities. Furthermore, these outside forces are not stopping at simply enticing one or two artists into violating their contracts, they are using the artists they have made contact with to tap even more of our agency's artists.

[...]

These attempts by external forces are clearly illegal, and there is also a hidden intention to disintegrate the existing team by instigating conflicts between the company and artists and between artists themselves. This is not only an unacceptable attempt as it fundamentally destroys the trust of the fans who send infinite love and support, but it is also an illegal act that should never be forgiven for the sound future of the entire K-pop industry.

We will not stand by idly and watch while forces with no interest in ensuring the future of our artists, or making sure of their fair legal rights, chase after their greed for money; we will pursue all possible legal action. If we do not act now, the tyrannical activities of these outside forces will significantly damage our artists' brand and image, and inflict negative influence on our artists' bright futures.

We will do our best to live up to the high expectations of fans who truly love our artists by strictly responding to the illegal acts of impure outside forces.

thank you

source: https://entertain.naver.com/read?oid=108&aid=0003156349

original post: here

1. This is daebak, to think that EXO became like this

2. So SM is really good at pretending to be nice once they're at a disadvantage

3. Why is SM always unable to treat their money cleanly?

4. I don't even understand what they're trying to say in their statement, anyways, can we agree that SM is trash?

5. External forces....? Are they shooting a dramaㅋㅋㅋㅋ

6. Who cares if someone is pulling the strings at the back.. We'll judge by ourselves if you release the documents regarding their pay

7. No but what are they talking about?... Instead of spurting nonsense why not reveal their pay statement? Like this, maybe my bias will also leave with them ㅠㅠ

8. Just show us their pay slip ^^

9. No but wouldn't their issue be solved by releasing their pay statement?? Kai also just enlisted, meanwhile, the company is acting like taht ㅋ

10. Oh this is the same as TVXQ no? ㅋㅋㅋ

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