Baekhyun, Xiumin and Chen (EXO) filed a lawsuit in court asking SM Entertainment to terminate the “slave contract”
Law Firm LIN, representing EXO members Baekhyun, Xiumin, and Chen, announced on June 1 KST that they have filed for the termination of their exclusive contracts with SM Entertainment.
According to LIN, the three EXO members have made seven requests for documents related to their earnings and payments from March to May. They believe that there are issues with their earnings and have requested transparent records of the company’s calculations. However, SM Entertainment has allegedly refused to provide the requested information to the artists.
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In addition, LIN stated that SM Entertainment has been enforcing lengthy exclusive contracts of 12 to 13 years on its artists and recently demanded contract renewals, extending the contracts to at least 17 to 18 years. The artists view these practices as unfair and akin to “slave contracts,” as they violate existing laws regarding exclusive contracts in the entertainment industry. They believe that SM Entertainment, leveraging its power and status as a major entertainment agency, continues to impose these unfair contracts on its artists. In response, Baekhyun, Xiumin, and Chen have chosen to take legal action against SM Entertainment’s “slave contracts” and become advocates for other artists under the agency who are similarly bound by such contracts.
The situation is currently developing, and further updates will be provided.
