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Tuesday, June 29, 2010

TVXQ’s JaeChunSu demands $2.5 million USD from SM Entertainment

Three members of boy group TVXQJaejoong, Yoochun, and Junsu—have been very constant with their actions against their “ex-agency” SM Entertainment so far, as they’ve already filed in (and technically won) a group lawsuit to terminate their seemingly-unfair contract once and for all.
Today, it’s been revealed that the trio is now demanding 3 billion won—which roughly converts to about $2.5 million in U.S.—from SM Entertainment, to fairly compensate the earnings they’ve made from various TVXQ-activities to date.
According to JaeChunSu’ claim, since the trio’s contract with SM is now void (since October 2009) due to its illegality, the profit that SME earned from the contract should now rightfully be returned to the three members. Since the whole group has earned 60 billion won in total, the trio believes each member deserves at least 10 billion won, deducting SME’s own expenses. However, they have decided to demand only one tenth of that amount for now, ultimately seeking for 3 billion won (2.5 million USD).
To support their decision, the three members also argued, “SM Entertainment claims that 13-year-long contract is needed for overseas activities, but it’s unacceptable. We members are the ones who have to pay for the damage if the contract is broken in any way, and its amount is too high to be acceptable.”
Latest reports have announced that the trio will eventually increase the amount of compensation, but the final amount hasn’t been decided yet.
Demanding such an overwhelming amount of cash may serve justice to the trio, but it definitely does not seem like an easy route. Hopefully these issues will be resolved soon.
Source: Nate

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