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park jisung what the fuck
📢 [READ] CBX Contract Dispute Explained: — 1. 2011 – Original Contract • Baekhyun signed a standard 7-year exclusive contract with SM Entertainment in May 2011, along with the members of EXO. The contract period was counted from the group’s first album release. • Shortly after debut, the members reportedly signed an additional 3-year extension, mainly due to overseas promotions. - The clause automatically extends the contract until the required number of albums is released. • SM Entertainment had previously received corrective measures stating that contracts should not exceed 7 years. It was introduced by Korea FTC after earlier SM contract disputes. • Including Bekhyun’s military service hiatus (which pauses the contract), his contract was expected to end in early 2024 — roughly 13 years in total. 2. Late 2022 – 5-Year Pre-Signed Extension (2024–2029) Before his original contract expired, Byun Baekhyun signed a 5-year extension (2024–2029) with SM Entertainment while still enlisted in the military. • Reported pressure: Baekhyun’s side later stated that the renewal was signed under pressure. They claimed he was singled out and told that other members would receive certain benefits only if he signed. • “Sign now, cancel later” claim: His legal team stated he was told, “Sign now; you can cancel it later before the contract activates.” At the time, about one year remained on his original contract, and he was reportedly told changes could be made before January 2024. It was implied that refusing to sign collectively could also pose risks to the group’s stability. • Revision requests: CBX’s legal representative, Lee Jae-hak, stated that contract revisions were requested eight times, but none were accepted. • Settlement data requests: Starting in March 2023, Baekhyun, along with Chen and Xiumin, requested transparent settlement data (“provision”) under their contract and the Popular Culture and Arts Industry Development Act. • CBX stated they made multiple formal requests (commonly cited as seven), but were denied copies. • SM disputed this, stating that the data was made available for on-site inspection, but not for copying. • Termination notice: On June 1, 2023, CBX formally submitted a notice of termination for the extension contract set to begin in 2024, citing lack of settlement transparency. Presentation: canva.link/xve2k4tfj8ko9hi Full list of sources: bit.ly/CBXclarificati…
