Baekhyun, Xiumin, and Chen of EXO have notified SM Entertainment of their intention to terminate exclusive “slave contracts”.
On June 1st, lawyer Lee Jae Hak, who is representing Baekhyun, Xiumin, and Chen, stated, “The artists have sent multiple requests for disclosure of transparent settlement data and supporting evidence to SM Entertainment seven times, from March 21st until recently, through their legal representative. They have been demanding transparent settlement data and supporting evidence, which is their minimum rightful request, based on the exclusive contract and the Cultural Industry Development Act. However, SM has consistently maintained an unfair position by refusing to provide copies of the requested documents.”
Furthermore, the lawyer added, “SM has engaged in highly unfair practices, such as signing long-term contracts of at least 17 or 18 years after already concluding 12 to 13 years of previous long-term contracts with the artists. They have continued to exercise their oppressive behavior and refused to provide the necessary documentation.”
Read the full statement: Baekhyun, Xiumin, and Chen’s full statement about slave contracts with SM, apologize to fans
Regarding this, Baekhyun, Xiumin, and Chen feel that SM is using their superior position to force artists to sign what can be perceived as “slave contracts” for a period of 20 years, including the training period.