EXO’s Chen, Baekhyun and Xiumin sue SM Ent over deception and unfair contract terms; demand compensation

EXO-CBX and SM Leisure (SME) had been engaged in a decent feud for about a weeks now, and the narrate has further escalated since the final time. The three participants relish reportedly filed a counter-lawsuit in step with SM Leisure’s lawsuit filed against the participants earlier this month.

EXO-CBX filed a countersuit against SM Leisure

On June 27, 2024, the South Korean news outlet Newsis reported that EXO-CBX is going ahead with submitting a countersuit against SM Leisure. Earlier this month, the firm filed a lawsuit against the three participants of EXO, anxious that they fulfill the due payments that had been outlined of their beforehand settled contract.

Nonetheless, INB100, the firm that the participants are currently managed by, acknowledged that it used to be no longer what they agreed upon.

Nonetheless, Chen, Baekhyun, and Xiumin relish spoke back to SME’s lawsuit with a countersuit, in quest of relevant compensation based totally on honest proper settlement info for their 12–13 years below an distinctive contract with SM Leisure. The lawsuit used to be filed at Seoul Jap District Court on June 25, 2024.

Furthermore, the participants and INB100 filed a prison complaint on the Seoul Seongdong Police Hassle against SM Leisure’s co-CEOs Lee Sung Soo and Tak Young Jun for fraud below the Act on the Aggravated Punishment of Particular Financial Crimes.

Extra info about EXO-CBX and SM Leisure’s honest proper feud

On June 10, 2024, INB100 introduced an quick press conference to level the unfair practices by SM Leisure. The company went on to level that EXO-CBX and SM Leisure settled contract disputes in June final year, guaranteeing EXO’s continuity. INB100 currently manages Baekhyun, Chen, and Xiumin’s activities per settlement terms.

Nonetheless, SM Leisure now demands 10% of particular person artist revenue, contrary to agreements that handiest 5.5% will likely be paid, prompting an objection from INB100. Moreover, INB100 sent an decent objection for the unfair search info from, and SM Leisure has filed to answer for over two months.

SM Leisure has additionally spoke back to the allegations and talked about that they is never any longer going to tolerate EXO-CBX’s habits of denying the contract terms. The firm has emphasised that CBX agreed to the terms and voluntarily signed the contract. SME outlined that the 10% royalty similar old for particular person activities stems from a outdated courtroom arbitration animated EXO’s Chinese participants.