One of Asia’s biggest group Dong Bang Shin Ki, has 3 of its members in a possible lawsuit against their own company SM Entertainment. Dong Bang Shin Ki members Xiah JunSu, Micky YooChun and Hero JaeJoong had gone to Seoul Central District Court to hand in an application for provisional disposition to terminate all effects of their exclusive belonging rights contract with SM on 31st July.
Latest updates on top:
Follow up #4:
After they released their official stand about the contract exclusive right clause retractile application, SM Entertainment’s representative added about rumours to the band’s disbandment, “On SM’s side, we still have much love for Dong Bang Shin Ki. We do not want them to disband. Let’s resolve this peacefully seeing the long time we have worked together since their debut till now.”
Follow up #3:
SM Entertainment has released their official stand on the case.
They said on 1st August morning, “It is true that Xiah, Hero and Micky made the application for provisional disposition to terminate the exclusive rights effects from their contract on 31st July at the district court. With that the company is very taken back by the action, we are trying to get confirm all the truth from them currently. “
They continued, “But as a representative group to the country and to Asia, our stand is that activities for Dong Bang Shin Ki have to continue even with this disposition application. And about the problems arising from the discussion to do a cosmetic entreprise, we plan to talk over them and sort out the problems as soon as possible.”
It has been know that members YunHo and ChangMin has decided not to take part in this lawsuit. Both of them are currently preparing for their drama debut this September and year-end.
Follow up #2:
One of the Korean new media No Cut News has known through phone call from SM that SM said, “We are aware that some of the (DBSK) members have some disagreements with the company, but we do not know that they have sparked a lawsuit wth the company. The director board of the company is currently having an urgent meeting in an undisclosed place in Seoul to discuss about their countermeasures.
They also added, “We will have our official stand asap”.
Follow up #1:
What will happen to the 3 members’ activities scheduled for Dong Bang Shin Ki? there is the upcoming SMTown Live 09 on 16th August. It seems that the members may not be appearing for the concert with their lawsuit with the company.
Especially with all the rumours lately about ‘disbanding of Dong Bang Shin Ki’. To add on, one of the 3 members’ parents have also established their won entertainment company in China.
Fans are also very taken back by this incident. Many have voiced their disbeliefs on various discussion forums.
Original article:
It has been known that their reasons for doing so is that the contract with SM Entertainment has many irrelevant conditions attached. It is also known that the content to the contract the 3 members cannot agree to includes having them belonging exclusively to SM Entertainment for 13 years and also unhappiness over profit allocation.
The lawyer responsible for this case said, “We are currently preparing for a lawsuit against SM for this contract. (About the reasons to why) We cannot reveal the details now.”
There has also been saying that the 3 members have differing views to SM on their upcoming ‘Dong Bang Shin Ki cosmetic enterprise expansion’.
Currently out of the 3 members, JunSu is already doing a cosmetic business with his parents. It is said that there were plans for the company to operate a cosmetic business, with sheep placenta as the main ingredient, using the group’s name as the brand name in Seoul GangNam and GyeongGiDo IlSan. It is said that there were also plans for the business to be launched in China bringing in hundreds millions KRW in profit.
But it has been said that the 2 sides are having some differing views and also complications arose through their discussion on how the product and brand will go.
cr : sookyeong@wp
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