Is this going to be the end of South Korean idol group Exo? Baekhyun, Xiumin and Chen has filed for termination of their exclusive contracts with SM Entertainment in a statement released today (June 1) by their legal representative. According to the statement, the three members, who formed Exo's subgroup Exo-CBX, have submitted seven requests to SM Entertainment since March...
Baekhyun, Xiumin and Chen has filed for termination of their exclusive contracts with SM Entertainment in a statement released today by their legal representative.
In addition, the statement also indicated that the agency forced their talents to sign exclusive contracts with the company for up to 13 years and demand they renew their contract for at least another four years., the standard exclusive contract for pop culture artists notified by the Korea Fair Trade Commission is a contract period of seven years.
Their lawyer also conveyed that the three idols are "seriously considering" filing a complaint with the Fair Trade Commission regarding the long-term existing exclusive contract and subsequent exclusive contract.At the end of the statement, Baekhyun, Xiumin and Chen apologised to their fans for causing concern and do not want them to worry too much while they resolve the dispute with the company.They said: "We hope that you will pay attention to our words and our courage.
In October 2016, Chen, Baekhyun and Xiumin debuted with the band's first sub-group Exo-CBX, which is a combination of their initials. They have released one studio album and three extended plays., SM Entertainment said that there were people approaching their talents to deliver false information and vow legal action against them.
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