They mentioned concerning terms on their exclusive contracts with SM. Some notable issues are “The contracts will be automatically extended until the artists reach a certain number of album releases, without any limit for the extension period” and “SM has not provided any deposit for subsequent exclusive contracts to the artists”.
The theqoo article regarding this became a hot topic with nearly 80,000 views as of the afternoon of June 2nd. Below are some comments from Korean netizens.
Original post: theqoo
– Every time something like this happens, I feel sorry for idols.
– Wow, that’s a real slave contract.
– This is the reason why only SM faces many lawsuits among big agencies.
– It’s not very shocking. I think it’s problematic not to provide settlement data.
– SM should’ve been acquired by HYBE.