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Sunday, December 10, 2023

EXO’s Chen, Baekhyun, Xiumin Settle SM Entertainment Contract Dispute – Billboard


after three members EXO take legal Actions taken against South Korean record label and management agency SM Entertainment Law firms were initially viewed as “slave contracts”, The parties have resolved their differences.


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Korean media reports that EXO’s List, wise man and Xiumin Decided to maintain the exclusive contract with SM Entertainment and continue to develop together Hallyu career.

In the middle of this month, World Albums Chart– Top Trio (they also perform EXO-CBX) hired Lin Law Firm to represent K-Pop music The stars see a lack of payment transparency and unreasonable long-term contract requirements. SM responded in a statement to South Korean media, refuting any contract issues and claiming that the new agency is luring the stars into a second contract. SM later apologized for sharing the secondary contract claim, saying it came from misinformation in a joint statement with EXO members.

SM Entertainment, Chen, Baekhyun, and Xiumin said in a joint statement, “The company and the three artists resolved their differences due to misunderstandings and reached a mutual agreement based on smooth communication.” according to yonhap news. “The parties have decided to continue EXO’s activities more aggressively and consistently while acknowledging and maintaining the contract.”

yonhap news It was noted that the statement cited that parts of the EXO-CBX contract had been amended to better align with each other’s positions, but did not disclose specific details of the agreement.

Throughout the course of the dispute, Lim Law Firm sent multiple press releases to Korean and international media, including billboard, as well as updates and reactions to developments.Although SM Entertainment did not issue a statement billboardMultiple requests for comment.

Looking ahead, EXO will release exist, the group’s seventh full-length album, is out July 10, which the group announced earlier this month. Despite the controversy, EXO first released the LP on June 12 with the hit single “Let Me In,” and eight of EXO’s nine members appear in the music video.


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