Baekhyun, Xiumin, and Chen continue to face off against SM Entertainment. The EXO members are now demanding that the agency fulfill their promise to provide settlement reports.
EXO Members Chen, Baekhyun, and Xiumin Still Waiting For Settlement Reports From SM Entertainment
On June 5, the EXO-CBX members‘ legal representative announced that they have filed a complaint to the Fair Trade Commission. The complaint is against SM Entertainment for “abuse of superior bargaining position.”
SM Entertainment soon responded with a statement on their decision.
“We have decided to provide copies of the settlement reports with the consent and understanding of EXO members on the premise that the three artists and legal representative do not use them for unjust purposes,” it read. The agency also stated that they “will do our best to not interfere with EXO’s activities.”
Chen, Baekyun, and Xiumin have since confirmed that they are still waiting for the reports. A new statement revealed that SM Entertainment has failed to provide the settlement reports.
“Today (June 5) at 8 a.m. (KST), SM shared a press release stating that they will provide copies of settlement reports, and in accordance, our legal representative shared the artists’ signed copy of a confidentiality agreement to SM,” the new statement read.
“However, even by the current time of 6 p.m. (KST) today when work hours are over, SM has not provided any settlement reports stating ‘the settlement reports are not ready yet’,” it continued.
For now, SM Entertainment has not yet responded to the EXO-CBX members‘ latest statement. Stay tuned for more updates on this story.
On June 1, Baekhyun, Xiumin, and Chen notified SM Entertainment regarding the termination of their exclusive contracts. The agency responded by claiming that a third party influenced the termination. Since then, both parties have issued statements responding to each other through the EXO-CBX members’ legal representative.