JaeChunSu files a 3 billion won lawsuit against SM Entertainment

TVXQ Trio File Lawsuit For Exclusive Contract

-June 29, 2010-

Three members of ‘TVXQ’ have filed a lawsuit against SM Entertainment following their exclusive contract injunction.

According to the Seoul District Courts, Xiah Junsu (Kim Junsu), Micky Yoochun (Park Yoochun) and YoungWoong Jaejoong (Kim Jaejoong) filed an exclusive contract validity suspension lawsuit on the 25th.

Sejong, the law firm in charge of the trio’s legal actions, stated, “The exclusive contract period is thirteen years from the date they debuted, however, if military service is taken into consideration, the length of the contract is in fact fifteen years,” and “This violates Clause 103 of the civil code.” Clause 103 of the civil code states that any legal acts that violate good customs or public order will become invalid. Sejong also stated, “If the contract is canceled, the members must pay an extravagant compensation fee that is three times the amount of total investments and twice the amount of what the group would have earned in the remaining period of the contract.”

The trio submitted an exclusive contract suspension injunction last July which was partially granted in October. SM Entertainment also filed an objection to the partial acceptance verdict and a lawsuit to confirm the continued validity of the exclusive contract in April.

Source: [hankyungnews]
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TVXQ Trio File A 3 Billion Won Lawsuit Against S

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They also added, “Also, as the exclusive contact has been suspended, all income that SM is receiving from TVXQ’s activities must be seen as unjust enrichment,” and “SM Entertainment must first pay each member one billion Won for a total of three billion won.”

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Source: [ytn]
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Trio States, “SM Must Pay Each Member 10 Billion Won

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According to the Seoul District Courts, the three members filed a lawsuit against SM Entertainment stating, “The exclusive contract of thirteen years is no longer effective and SM must pay each member 10 billion Won.”

Through their legal adviser, they stated, “SM stated that they need a 13 year period in order for the group to expand overseas. However, the contract periods of other groups who have entered overseas markets are five years for SS501, six years for Big Bang and 7 years for Wondergirls,” and “Therefore, this proves that such a long contract period is not necessary to enter the overseas markets.”

The also added, “SM must first pay each member one billion Won, and must ultimately pay each member ten billion Won, which is one fifth of the 60 billion Won TVXQ has earned till now minus the additional costs.”

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Source: [maeilkyungjae]
Translation credits: jeeelim5@tohosomnia.net
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