Tag: Baekhyun

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SM Entertainment Denies Knowing of Exo Baekhyun’s Plans for Own Agency

EXO's Baekhyun in the teaser images for 'Let Me In.' Credit: Facebook/EXO

Following EXO’s Baekhyun’s recent revelations, SM Entertainment released a statement of their own to address the idol’s claims. 

On Tuesday, August 8, Baekhyun responded to a series of rumors surrounding his career through a live broadcast on Instagram.

What Baekhyun said

In the livestream, the vocalist opened up about his recent legal dispute with SM Entertainment. He said that he’ve “always wanted to inquire about accounting.” And that there were incidents during Lee Soo Man’s absence that “piqued [his] curiosity.” 

Aside from Baekhyun, EXO members Chen and Xiumin moved to terminate their exclusive contracts with SM Entertainment in June. The EXO-CBX sub-unit cited unclear handling of earnings and slave contracts as their motivation. 

However, both parties have reached a settlement after an almost three-week legal battle. 

Additionally, Baekhyun pointed out that they reached an “amicable compromise.” He also emphasized that he now has a “good relationship” with SM Entertainment.  

 

Moreover, Baekhyun also revealed that he started the company One Signature with his friend Kasper. The idol explained that it aims to produce good choreographers and dancers. 

The singer also mentioned that SM Entertainment is aware of his plans and encouraging his new venture. 

SM Entertainment reacts

Yet, the agency claimed that they’ve never heard anything about Baekhyun’s plans. And that they only found out about it through the reports. 

“Although we are flustered by the [sudden news], we trust that [Baekhyun] will keep the promises he made during our mutual agreement,” the agency said in a press release. 

 

Furthermore, SM Entertainment also clarified that the existing contracts of Chen, Baekhyun, and Xiumin have not expired. In fact, the agency said that Baekhyun’s existing agency with them runs until January 2024. 

The label also asserted that EXO will continue their group activities and Chen, Baekhyun, and Xiumin can also pursue solo activities. 

 EXO released their seventh full-length album EXIST in July. It served as EXO’s first album as a full-group in two years. It has a total of nine songs, with “Cream Soda” as its title track. 

Currently, EXO is airing the fourth season of their hit variety show Travel the World on a Ladder.

Featured image: EXO’s Baekhyun in the teaser images for ‘Let Me In.’ Credit: Facebook/EXO

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EXO’s Xiumin, Baekhyun and Chen Respond to SM’s Statement

Xiumin, Baekhyun, and Chen continue to fight back against SM Entertainment. The EXO members issued a new statement regarding the decision to terminate their exclusive contracts. Their legal representative responded to SM’s claims that a third party influenced the termination.

Xiumin, Baekyun, and Chen Issue New Statement In Response to SM Entertainment

Lee Jae Hak of the law firm LIN is the lawyer representing Baekhyun, Xiumin, and Chen. They issued a statement on behalf of Byun Baek Hyun, Kim Min Seok, and Kim Jong Dae in response to SM Entertainment’s recent claims.

The statement addresses five points starting with SM Entertainment’s “claim of an external influence’s intervention.”

“Our artists are definitely adults who can think for themselves and take responsibility for their own decisions, and they are individuals with independent thoughts and judgments,” it read.

“They have felt some doubts for a decade, and they mustered up fearful and difficult courage with the thought that the questions they couldn’t dare bring up as rookies should at least be brought up now.”

“Our artists asked and listened to many people around them about what is right and what they need to do to find wise solutions. Of those people around them, there are family and acquaintances, seniors and juniors of the music industry, colleagues, and even staff who have worked together with the artists.”

The statement also addresses SM Entertainment’s claims that Xiumin, Baekhyun, and Chen tried to sign contracts with other companies.

“SM is claiming that our artists have signed or attempted to sign dual contracts, but the three individuals Baekhyun, Chen, and Xiumin have not signed or attempted to sign other exclusive contracts besides their current exclusive contracts signed with SM. SM must refrain from making false claims,” it read.

Xiumin, Baekhyun, and Chen Criticize SM For Mishandling Contract Termination

The statement continued by criticizing the way SM Entertainment had handled the situation.

“SM not even providing settlement data, and their legal representative and other celebrities advising them about the injustice of this situation. This inevitably raises the question of who should be criticizing the wrongdoing of who in this situation.”

“We would like to state again that the essence and truth of this case is that the artists and their legal representative have consistently requested the provision of settlement data, but SM eventually refused, which has led to contract termination.”

In the end, the statement confirms that Byun Baek Hyun, Kim Min Seok, and Kim Jong Dae plan to continue EXO group activities. The singers have proposed ideas on how they can keep promoting with EXO after leaving SM Entertainment.

On June 1, Xiumin, Baekhyun, and Chen notified SM Entertainment regarding the termination of their exclusive contracts. The statement was delivered by their legal representative. SM has since refuted the EXO members’ basis for contract termination.

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