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EXO-CBX Members Reach Agreement With SM Entertainment

The ongoing legal battle is finally over. EXO-CBX members Xiumin, Baekhyun, and Chen have come to an agreement with SM Entertainment. The members of EXO also issued a joint statement with their agency.

EXO-CBX Members and SM Entertainment Issue Joint Statement

SM Entertainment released a joint statement with the three EXO-CBX members. It confirms that the agency and the idols have resolved their differences and agreed to continue forward as EXO with their contracts.

“Recently, the agency and the agency’s artists continued to publicly raise issues with our different stances. Regarding this, the agency and the three artists sincerely apologize for causing concern to the many people who support EXO,” the statement read.

“Afterwards, the agency and three artists had ample time in which we candidly discussed all the issues,” it continued. “Through this, we resolved the differences caused by misunderstandings, and we are pleased to inform you that we have reached a mutually amicable agreement.”

In the statement, it was confirmed that the EXO-CBX members have discussed the contracts thoroughly with the agency. Moreover, they “will carry out a process of mutually equal discussion as well as corrections” and “promised to strengthen our future relationship further.”

SM Apologizes For Third Party Involvement Claims

SM Entertainment also addressed the “third party” misunderstanding.

“The agency initially received a tip-off that a third party was approaching the three artists with unjust intention, and we stated that this was the main cause of the dispute,” the statement read.

“However, through this discussion, we learned that there was a misunderstanding about the involvement of a third party,” it continued. “We would like to take this opportunity to apologize to those involved for causing concern with our announcement.”

Finally, SM Entertainment stated that the incident gave them the chance to “think about the personal concerns of artists.” They also confirmed it would influence “the direction of our agency’s growth following the launch of SM 3.0.”

“Thanks to fans’ support, we would like to plan the future of SM 3.0 that is more developed and mature,” the statement added. “Under the changed and developed new values of SM 3.0, we will further strengthen and solidify mutual cooperation and respect with our artists.”

Earlier this month, 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.

EXO will release their seventh full album EXIST on July 10, 2023.

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EXO’s Baekhyun, Xiumin and Chen Demand SM’s Settlement Reports

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.

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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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