Chen, Baekhyun and Xiumin, members of EXO-CBX, initiated legal action against SM Entertainment at the Seongdong Police Station in Seoul
This Wednesday, the 26th, an employee from the INB100 agency informed the Herald POP portal (via Naver), that the members of EXO-CBX, Chen, Baekhyun It is Xiuminsued SM Entertainment for fraud.
INB100 members and agency reported to the Seongdong Police Station in Seoul the previous day that SM Entertainment’s CAO (A&R director) Lee Seong-soo and co-CEO Tak Young-jun were charged with fraud in violation of Law on the Aggravated Punishment of Specific Economic Crimes (under the Special Police Law)”, says the statement published on the Naver portal.
EXO-CBX vs. SM Entertainment
The conflict between EXO-CBX and SM Entertainment became public on June 10 when INB100, the agency that manages EXO-CBX’s solo activities, Chen, Baekhyun It is Xiumin held an emergency press conference alleging that SM had failed to pay the 5.5 percent commission fee for albums and songs agreed between the companies.
As a result, SM denied the accusations and stated that there was contractual tampering on the part of INB100, also opening a legal action against EXO-CBX on the 13th of the same month, demanding that the contract between the trio and the company be fulfilled.
In season, Chen, Baekhyun It is Xiumin said in a statement that they would also sue SM and apologized to fans “for generating anxiety and disappointment due to the same problem as last year” and “for once again making you feel unnecessary emotions”, as part of the statement says.
Source: Recreio
