Tag: SM Entertainment

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NCT Jaehyun Solo Fansign Event Cancelled Amidst Taeil Sex Crime Scandal

Jaehyun has cancelled a schedule amidst a shocking scandal. The NCT member has decided to postpone a solo fansign event following the announcement of Taeil’s exit from the group.

Jaehyun Cancels Solo Fansign Event After Taeil’s NCT Exit Announcement

On August 28, NCT’s Taeil was unexpectedly removed from the group following allegations of involvement in a sex crime, leading to significant changes in the group’s activities.

The impact of this development extended to NCT’s Jaehyun, whose solo fansign event was scheduled for August 29 was postponed. Fans who were looking forward to the event received a notice informing them of the delay, with the promise of a rescheduled date to be announced later. This postponement reflects the broader repercussions of the situation, as it affects not only Taeil but also the schedules and activities of other NCT members.

The allegations against Taeil, which remain unspecified, have caused a wave of uncertainty among fans and the public. Shortly after the announcement, SM Entertainment, the agency managing NCT, confirmed Taeil’s departure, stating that they are currently investigating the details surrounding the case. Given the seriousness of the allegations, the decision was made that Taeil could no longer participate in any group activities.

“We have recently learned that Taeil has been accused in a criminal case related to a sexual offense,” the statement read. “As we were assessing the facts related to the matter, we recognized the severity of the situation and determined that Taeil can no longer continue his activities with the team (NCT). After discussing with Taeil, we have decided on his departure from the group.”

Despite the ongoing controversy, Jaehyun’s solo endeavors continue, with the release of his solo album ‘J’ and the single “Smoke” on August 26, 2024. Fans are eagerly awaiting more updates, both on Jaehyun’s music and on the unfolding situation involving Taeil.

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Taeil Removed from NCT Following Sexual Offense Allegations

Taeil is leaving NCT and its sub-groups. SM Entertainment confirmed that the idol will exit the group after Taeil became involved in serious sexual offense allegations.

Taeil Officially Exits NCT Following Sexual Offense Allegations

On August 28, SM Entertainment issues a statement confirming Taeil’s departure from NCT. According to the agency, they are assessing the details of the allegations and it was decided that Taeil can no longer continue with group activities.

“We have recently learned that Taeil has been accused in a criminal case related to a sexual offense,” the statement read. “As we were assessing the facts related to the matter, we recognized the severity of the situation and determined that Taeil can no longer continue his activities with the team (NCT). After discussing with Taeil, we have decided on his departure from the group.”

Taeil poses for NCT 127’s ‘Fact Check’ concet photos. Credit: Facebook/NCT 127

The statement also confirmed that Taeil is currently cooperating with the police.

“Taeil is currently cooperating fully with the police investigation. We will provide further statements as the investigation progresses,” it read. “We deeply apologize for the concern and distress caused by our artist.”

Taeil: Fourth NCT Member To Leave The Group

Moon Taeil made his debut in the rotational unit NCT U in April 2016. He later became a member of NCT 127 in July 2016. He is the fourth member of NCT to officially leave the group after Lucas, Shotaro, and Sungchan. Lucas left the group in 2023 to pursue a solo career. Shotaro and Sungchan are currently members of the SM Entertainment group RIIZE.

For now, details about the sexual offense allegations have not yet been revealed. It is also unclear whether Taeil is truly involved in the case. However, more information is expected to be shared in the following month. Stay tuned for more updates on this story.

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SHINee Onew Opens Up About SM Entertainment Departure

SHINee’s Onew has recently shared the personal journey that led to his decision on his SM Entertainment departure after an impressive 17-year tenure.

SHINee Leader Onew Discusses SM Entertainment Departure

At the start of 2024, both Onew and fellow SHINee member Taemin announced their departure from the company, a revelation that took many fans by surprise given the duo’s long-standing association with SM Entertainment. Now, five months later, Onew has opened up about the reasons behind his choice to move on.

During a candid appearance on KBS 2TV’s show “The Seasons”, Onew discussed the challenges he faced during his time with SM Entertainment, particularly the immense pressure that came with performing in front of large audiences. Despite his success, Onew revealed that this pressure had been a long-standing struggle for him. However, over time, a shift in his perspective inspired him to embrace new opportunities and consider different paths in his career.

Onew expressed a desire to connect more deeply with people and to use his voice to make a positive impact, even in small ways. He acknowledged his imperfections but emphasized that he is now focused on giving his all in his solo endeavors. This shift in mindset played a crucial role in his decision to leave SM Entertainment, where he had spent the majority of his career. He noted that after being with the company for so long, he began to feel “too comfortable,” which spurred his desire for a fresh start.

“To be honest, after being in such a great company for so long, I started to feel like I was getting too comfortable,” he said. “So, I decided to take on more challenges and see what else I could do. It’s only been three to four months since I left.”

Following his departure from SM, Onew signed an exclusive contract with Griffin Entertainment, a newly established agency that offers him the chance to explore new creative avenues. Despite this significant change, Onew reassured fans that SHINee remains intact as a group. He likened his move to branching out while still staying connected, highlighting his commitment to both his solo career and his enduring bond with SHINee.

This new chapter in Onew’s career marks a period of personal growth and artistic exploration, and fans are eager to see where his journey will take him next.

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Weverse, YG Plus, SM, and JYP Refund Violation Accusations

The Korea Fair Trade Commission sanctions major K-pop companies for illegal refund practices

The Korea Fair Trade Commission (KFTC) has taken action against several major companies in the K-pop industry. This includes Weverse Company, YG Plus, SM Brand Marketing, and JYP 360. These companies, which handle the online sales of idol merchandise, faced sanctions for illegal refund practices that unfairly targeted consumers, particularly teenagers.

The KFTC discovered that these companies have been shortening the legally mandated refund period. Under current e-commerce law, customers are entitled to withdraw from a purchase within three months or within 30 days of discovering a defect. However, Weverse Company and others informed customers that even defective products could only be refunded within seven days. Additionally, they imposed unreasonable restrictions, such as requiring video evidence of the unboxing process to qualify for refunds.

This behavior, known in Korea as “gapjil” (abuse of power), effectively shifted the burden of proof onto the consumers, violating e-commerce laws. These practices not only limited customers’ rights but also exploited the loyalty of teenage fans, who are less aware of their legal protections.

   

The idol merchandise shops of the four biggest K-Pop agencies, Weverse, YG Plus, JYP 360, and SM Brand Marketing, have been sanctioned by Korea’s Fair Trade Commission. Photos via Wikimedia Commons.

In response, the KFTC issued corrective orders and imposed fines totalling 10.5 million KRW (approximately 7,740 USD) on the companies involved. Weverse Company was fined approximately 3 million KRW (2,210 USD), while YG Plus, SM Brand Marketing, and JYP 360 each received fines of 2.5 million KRW (1,840 USD). The fines were reduced as the companies voluntarily corrected their practices following the investigation.

A KFTC representative emphasized protecting teenage consumers in the entertainment industry and stated that the commission would continue to monitor for similar violations. They warned that stricter penalties, including business suspensions, could follow if such practices persist.

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HYBE and Other Three Big Agencies’ Online Stores Fined By Fair Trade Commission

The Fair Trade Commission (FTC) fined South Korea’s four largest K-pop entertainment companies—HYBE, SM, YG, and JYP—for violating e-commerce consumer protection laws. On August 11 KST, the FTC imposed a total fine of 10.5 million KRW (approximately $7,700 USD) on these agencies and issued corrective orders to ensure they comply with the ‘Electronic Commerce Act’.

The FTC penalizes the Big 4 K-pop agencies for violating consumer protection laws in their online stores

Fair Trade Commission found that these companies set excessively strict and unfair conditions for refunds on idol-related merchandise, including albums and official goods. The FTC highlighted practices like shortening the legally mandated refund period and requiring unreasonable documentation, such as filming product unboxings to qualify for refunds when items were missing.

Weverse Company, associated with HYBE, received a fine of 3 million KRW. SM Brand Marketing (SM), YG Plus (YG), and JYP Three Sixty (JYP) were each fined 2.5 million KRW.

Among the violations, SM’s policy required customers to return products due to a change of mind within seven business days of delivery, which goes against the law, allowing customers seven days from the receipt date to decide on a return. SM and JYP also broke the law by demanding that customers submit claims for defective or incorrect items within seven days of delivery, while the law permits returns within three months from receipt or 30 days from discovering the defect.

The companies also denied compensation for lost items after a specified period, restricted returns if packaging was opened or damaged, and demanded video proof of unboxing for claims of missing items. These actions placed an undue burden on consumers, violating legal protections that should favor the buyer.

Korea’s Big 4 K-Pop Agencies face fines ordered by the Fair Trade Commission. The 4 agencies have revised policed to comply with FTC’s terms. Photos via Wikimedia Commons.

Moreover, in response to the FTC’s findings, all four companies corrected their policies voluntarily, which led to reduced fines. However, the FTC’s actions serve as a reminder of the importance of fair consumer practices in the e-commerce space, especially within the influential K-pop industry.

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Kakao Chairman Indicted for Stock Manipulation in SM Entertainment Acquisition

Kakao Chairman Kim Beom Soo is facing charges for manipulating SM Entertainment's stock prices. Photo via Wikimedia Commons.

On August 8, KST, the Seoul Southern District Prosecutor’s Office, indicted Kim Beom Soo, the founder and chairman of Kakao, for violating the Capital Market Act. This indictment marks a significant turn in the ongoing legal drama, as Kim will face trial while in detainment.

The Kakao Chairman faces trial for allegedly manipulating SM Entertainment stock prices during a high-profile acquisition battle

Moreover, charges against Kim Beom Soo are severe, centering around allegations that he manipulated the stock prices of SM Entertainment in February 2023. At that time, HYBE Labels, a major competitor, had issued a tender offer at 120,000 KRW per share in a bid to acquire SM Entertainment.

In a bold move to thwart HYBE’s acquisition, Kim Beom Soo, alongside Kakao, allegedly conspired with the private equity firm One Asia Partners. Together, they reportedly mobilized over 240 billion KRW (approximately $175 million USD), purchasing a significant amount of SM stocks at inflated prices. This strategic action was intended to fix SM’s stock prices above HYBE’s offer, effectively blocking HYBE from securing a controlling stake in the company.

In addition to Kim Beom Soo, former Kakao CEOs Hong Eun Taek and Kim Sung Soo were also implicated in the scheme. Both were indicted on the same charges, although they will face trial without detainment.

The indictment of such high-profile figures has sent shockwaves through the business community and beyond. With the trial looming, the outcome could have far-reaching implications for corporate governance and market practices in South Korea.

As the case unfolds, many are watching closely to see how this legal battle will impact not only Kakao and SM Entertainment but also the broader entertainment and tech industries.

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SM Entertainment’s Alleged Approach to Gu Je Yeok for Marketing Strategy

Lee Jin Ho reveals that SM Entertainment allegedly contacted the controversial YouTuber Gu Je Yeok for a viral marketing campaign

YouTube reporter Lee Jin Ho recently claimed that SM Entertainment approached the controversial YouTuber Gu Je Yeok for a viral marketing campaign. The allegations come after SM Entertainment was accused of using viral marketing tactics against HYBE and manipulating public opinion. SM clarified that its marketing was intended to protect management rights and communicate the company’s stance to shareholders.

Although SM Entertainment stated they declined a proposal to involve YouTube cyber “wreckers,” Lee Jin Ho revealed that specific YouTubers, including Gu Je Yeok, were already chosen for the campaign. Gu Je Yeok, known for his threats against Mukbang YouTuber Tzuyang, confirmed that he received such a proposal. After the offer, he released a video with sensitive content about a person not on good terms with SM, which was quickly taken down due to backlash.

Korean netizens reacted with mixed opinions, with some questioning Lee Jin Ho’s credibility, citing his history of supporting HYBE and criticizing GFriend during their disbandment. Others focused on the fact that SM Entertainment was caught using viral marketing, while some worried that the situation might lead to misunderstandings about HYBE’s involvement.

Korean netizens left comments like:

“Lee Jin Ho is at it again, haha. He tries to make HYBE look good, but I remember him beating down GFriend. From then on, his credibility has been zero. It’s so obvious whose side he’s on.”

“The fact is that SM got caught doing viral marketing, right? But looking at the comments, it seems like people might misunderstand and think that HYBE got caught doing it. That’s just baseless speculation without any evidence, isn’t it?”

“Isn’t Lee Jin Ho a well-known HYBE supporter? He even criticized GFRIEND when they disbanded.”

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SM Entertainment Faces Accusations of Stirring HYBE Conflict

Reports reveal that SM Entertainment allegedly manipulated public opinion against rival label HYBE. Accusations suggest that SM Entertainment hired a public relations firm, Astraphe, during its escalating conflict with HYBE.

SM Entertainment allegedly manipulated public sentiment against HYBE

Leaked Telegram conversations indicate that Astraphe created a dedicated chat room for their viral marketing staff and SM employees. This chat room allegedly aimed to generate positive sentiments towards their company while spreading negative about HYBE.

Financial records show that SM paid Astraphe a staggering 1.38 billion won, approximately $995,699.81 USD. Although SM Entertainment claimed the money was for banner advertisements, insiders say viral marketing activities began on March 1. The Telegram leaks reveal an SM employee urgently requesting quick viral marketing action, and Astraphe agreed.

Additionally, the alleged strategies included sharing positive articles about SM Entertainment. However, it contained negative ones about HYBE in various online communities.

They reportedly used scare tactics to make fans worry SM Entertainment artists might be disbanded or released if HYBE took over. In a fan cafe post, one statement read, “As an SM fan, I think it could be worse if HYBE takes over. HYBE will demand management rights, and SM artists might not get opportunities.” Astraphe’s employees reportedly made sure their posts appeared as if they originated from genuine netizens.

The viral marketing reportedly persisted for a month, with Astraphe’s employees editing their posts to sound like real user interactions to avoid detection.

Furthermore, the company responded to the allegations by clarifying their motives. In an official statement, the company said, “We conducted online marketing activities. This was through an outside agency to promote the SM 3.0 shareholder proposal and proxy solicitation website. The activities included sharing related articles on online communities. This was part of a ‘media mix’ proposal from the agency with little impact on the campaign.”

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Kakao to Sell SM Entertainment and Subsidiaries Amid Controversy

Kakao, one of South Korea’s largest tech companies, is reportedly planning to sell its stake in SM Entertainment and its subsidiaries. This decision comes in the wake of ongoing controversies and regulatory scrutiny that have impacted the company’s reputation and business operations.

Industry insiders suggest that Kakao’s move to divest from SM Entertainment could signal significant changes for the company and its approach to entertainment investments. The sale is expected to affect not only SM Entertainment’s future but also the broader K-pop industry.

Kakao faces backlash and intends to divest from SM Entertainment, suggesting a significant shift in the K-pop industry

In recent months, Kakao has faced increasing backlash from various stakeholders, including fans and regulatory bodies. These controversies have ranged from concerns about monopolistic practices to conflicts of interest within the entertainment industry. As a result, the company’s leadership has been under pressure to address these issues and restore its public image.

“The decision to sell SM Entertainment reflects Kakao’s commitment to refocusing on its core business areas and ensuring regulatory compliance,” said an anonymous source close to the matter. “While this move may surprise some, it is a strategic step towards long-term stability and growth.”

SM Entertainment, known for its roster of popular K-pop groups and artists, has been a significant asset for Kakao. The company’s divestment could lead to a reshuffling of management and strategic direction within SM Entertainment. Additionally, it raises questions about the future collaborations and projects that have been in the pipeline.

Despite the impending sale, industry analysts believe that SM Entertainment will continue to thrive under new ownership. The brand’s strong market presence and loyal fanbase are likely to attract potential buyers who are eager to capitalize on the K-pop phenomenon.

As Kakao navigates this transition, the broader industry will be watching closely. The outcome of this sale could set a precedent for how tech companies engage with the entertainment sector in South Korea and beyond. For now, stakeholders are keenly awaiting further details on the sale process and potential buyers.

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Huang Zitao Officially Announces Relationship with Xu Yiyang

Former EXO member Huang Zitao and former SM Entertainment trainee Xu Yiyang from SM Rookies have officially announced their relationship. The confirmation comes after the two were rumored to be engaged earlier this year.

Huang Zitao Hard Launches Xu Yiyang Relationship

On July 14, the couple made their relationship public on Douyin. In the videos they posted, each showed a picture of the other on their phone. As they lowered their hands, they physically appeared from behind the phone, revealing themselves together. The video then transitions to them walking through a field, arms wrapped around each other, grinning and gazing lovingly into each other’s eyes.

In a separate post, they shared couple photos taken at a beach. Yiyang captioned the photos of them holding hands, “Make a wish at sunset.” Meanwhile, Zitao uploaded romantic pictures of them leaning in for a kiss, sweetly saying, “May we always be us.“

Their announcement has delighted fans, who have eagerly followed their journeys and supported their relationship.

Tao and Yiyang Through the Years

Tao and Yiyang met at SM Entertainment back in 2014 when she was a trainee and he had already debuted in EXO. After a short career in Korea, they moved back to China, where they launched successful careers in the local entertainment industry.

Huang Zitao has since established himself as a successful solo artist and actor, while Xu Yiyang has also been making a name for herself in both music and acting. Their relationship has been a source of speculation for some time, and fans are thrilled to finally see them confirm it publicly.

The couple’s announcement marks a significant moment for both of them as they continue to build their careers and personal lives. Fans are also eagerly looking forward to seeing more of their journey together and supporting them in their future endeavors.

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