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Archive for the ‘DBSK’ Category

TVXQ comeback dims as SM cancels China concert

SM Entertainment, the agency for five-member K-pop boy band TVXQ, said Friday the group’s domestic comeback that was originally planned for early next year won’t come to fruition as three rebellious members remain defiant against the agency.

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SM Entertainment has again shown its greed for money when its CEO, Kim Young Min, announced that the entertainment agency will issue another contract to its artists.

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I predict that TVXQ will disband soon courtesy of the actions of SM Entertainment, which is seething with anger over the ruling of the Seoul Central District Court that gave partial victory to Micky, Hero and Xiah.

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The possibility of Korea’s top idol group TVXQ disbanding is increasing, after their agency sent an apparent ultimatum to three of the five-member boy band to return to the agency.

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Here’s the summary of the judgment on JaeChunSu’s petition for preliminary injunction to void their exclusive contract with SM Entertainment:
What JaeChunSu wants – their exclusive contract be declared null and void

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Amid the ongoing battle between three members of K-pop group TVXQ and their agency, SM Entertainment, held a press conference Monday to announce their stance on a recent interim court ruling prior to a final verdict.

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Here’s the statement of Micky, Hero and Xiah regarding the statement of SM Entertainment on the ruling of the Seoul Central District Court.

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It was a big slap on the face of SM Entertainment when the Seoul Central District Court ruled in favor of  Hero, Micky and Xiah regarding their unfair contract with the Korean entertainment agency.

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The Seoul Central District Court gave a partial victory to three members of the five-man boy band TVXQ in legal action taken to free themselves from their contract with SM Entertainment.

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Members of K-pop idol group TVXQ and its agency have failed to reach a court-mediated settlement of a legal battle over what the group called “unfair” terms of their contract.

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TVXQ, whose three members YoungWoong Jaejoong, Micky Yoochun and Xiah Junsu are in a dispute with their agency SM Entertainment over their exclusive contract, will be spending their Korean Thanksgiving break in China.

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An argument that five member group TVXQ, who are currently in a legal dispute with their agency over their exclusive contract and inexact income divisions, earns an extremely low income from their Japanese activities has been put forth.

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More than 120,000 fans of the K-pop idol group TVXQ, which is embroiled in legal battle against its agency, filed a collective petition with the human rights agency on Friday, judging a working contract made between three members of the group and their agency to be “unfair” and “inhumane.”

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Three members of TVXQ – Hero Jae-jung, Xia Jun-su, and Micky Yu-cheon – want to part with their management agency SM Entertainment, but do not wish to break up the team. In a hearing held at the Seoul District Court late Friday morning the three members’ legal representative from the law firm Shin & Kim [...]

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SM Entertainment posted an operating income/profit of 3.8 billion won—3,836,522,000 won to be exact—or equivalent to US$3.07 million for the first half of 2009.
 
The financial papers covering the period January 1 to June 30, 2009 were filed by SM Entertainment on August 14 via electronic disclosure system.
 

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After three of the five members of the Korean pop band Dong Bang Shin Gi, a k a TVXQ, took legal action against the group’s management agency, S.M. Entertainment, on July 31, claiming an unfair contract, officials began examining how other top groups are being managed.

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With Korean pop group TVXQ embroiled in legal action against its agency, SM Entertainment, over an allegedly unfair contract, fans and agencies alike are focusing attention on the validity of so-called “slave contracts.” Contracts are dubbed as such for reported disadvantaging the stars and would-be stars who enter into them with management agencies.

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Dong Bang Shin Gi, a South Korean pop group also known as TVXQ, is expected to continue its activities in Japan despite the recent legal dispute with its agency, SM Entertainment.

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