EXO's Baekhyun, Xiumin, and Chen announce that they have filed a complaint against SM Entertainment with Korea Fair Trade Commission
"On the 4th, we filed a complaint against SM Entertainment for unfair abuse of bargaining power with the Korea Fair Trade Commission . KFTC has already issued two corrective orders to rectify such unfair contractual behaviors in October 2007 and January 2011 against SM. We reported that SM has been engaging in unfair contractual behavior and disregarded these orders."
"We requested an investigation into SM's violations and immediate corrective measures to rectify them, as well as a full investigation into the exclusive contracts of all SM artists.""SM is repeating the abuse of power in 2023 that the KFTC ruled against them in 2007 and 2011.
The representative claims the end date of the artists' exclusive contracts was also problematic. In 2007, the KFTC prohibited the practice of excessively prolonging the contractual period such as setting the end date to be the fifth year following the release of the first album or the fifth year following the appearance in a role at the supporting level or above.
"Because the term of the contract starts running from the date of the debut, their trainee period was added to the term of their agency contract, which was further extended by three years in an addendum agreement. Adding the period of military service results in an agency relationship of more than 12 or 13 years."
"SM had the artists sign subsequent exclusive contracts, each claiming a minimum term of 17 or 18 years. SM is tying them up to the contract again a year before the end of the contract,""We hope that our efforts and courage will contribute to the protection of the rights and interests of our juniors and to the fair and healthy development of the industry."
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