One of Asia’s biggest group Dong Bang Shin Ki, has 3 of its members in a possible lawsuit against their own company SM Entertainment.
Dong Bang Shin Ki members Xiah JunSu, Micky YooChun and Hero JaeJoong had gone to Seoul Central District Court to hand in an application for provisional disposition to terminate all effects of their exclusive belonging rights contract with SM on 31st July.
It has been known that their reasons for doing so is that the contract with SM Entertainment has many irrelevant conditions attached. It is also known that the content to the contract the 3 members cannot agree to includes having them belonging exclusively to SM Entertainment for 13 years and also unhappiness over profit allocation.
The lawyer responsible for this case said, “We are currently preparing for a lawsuit against SM for this contract. (About the reasons to why) We cannot reveal the details now.”
There has also been saying that the 3 members have differing views to SM on their upcoming ‘Dong Bang Shin Ki cosmetic enterprise expansion’.
Currently out of the 3 members, JunSu is already doing a cosmetic business with his parents. It is said that there were plans for the company to operate a cosmetic business, with sheep placenta as the main ingredient, using the group’s name as the brand name in Seoul GangNam and GyeongGiDo IlSan. It is said that there were also plans for the business to be launched in China bringing in hundreds millions KRW in profit.
But it has been said that the 2 sides are having some differing views and also complications arose through their discussion on how the product and brand will go.
One of the Korean new media has known through phone call from SM and SM said, “We are aware that some of the DBSK members have some disagreements with the company, but we do not know that they have sparked a lawsuit with the company. The director board of the company is currently having an urgent meeting in an undisclosed place in Seoul to discuss about their countermeasures.”
They also added, “We will have our official stand asap”.
Korean fans are in chaos right now! I, myself, am having a hard time digesting this news. I was hoping this was all a rumor but SM released a statement so I guess that pretty much confirms it. I know I shouldn’t panic but this is just simply terrifying. Accordingly, Yunho and Changmin intend to stay with SM so it ‘s highly possible that DBSK might DISBAND! God I hope not!
Let’s all pray they’ll be able to resolve this. And let’s try not panic until we hear the official statements. God what a mess!