EXO's Baekhyun, Xiumin, Chen file termination of contracts with SM Entertainment

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Baekhyun, Xiumin, and Chen from EXO and the sub-unit EXO-CBX have informed SM Entertainment about the termination of their existing exclusive contracts.

An official statement through the members' legal representative and lawyer Lee Jae Hak from law firm LIN was published byAccording to the statement, the artists sent certifications of contents to SM seven times from March 21 until recently, "and through this, they repeatedly requested copies of transparent settlement reports and settlement grounds."

"If SM had accurately paid the settlement to the artists, there would have been no reason why they could not provide the settlement reports and settlement basis," the statement said. "The fact that SM is unable to provide such settlement reports and settlement grounds is strong counter-evidence that SM did not properly pay the settlement to the artists."

Additionally, after SM signed long-term contracts with Baekhyun, Xiumin, and Chen that span for 12 to 13 years, the agency pushed for the artists to sign exclusive contracts again "that span over at least 17 to 18 years or more.""Regarding this, the artists feel that SM is using their superior position to force artists to sign so-called slave contracts that span over almost 20 years including their training periods, which are also far from being short," the statement added.

 

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