TVXQ's Trio 'SM should pay 30 billion won'

Idol group TVXQ's Trio have filed a lawsuit against SM Entertainment to terminate the effectiveness of their exclusive contract.

According to Seoul District Courts on 28th, Hero Jaejoong (kim Jaejoong), Xiah Junsu (Kim Junsu), Micky Yoochun (Park Yoochun) stated that, 'SM advocates that in order to expand the overseas market, 13 years of contract is a must. However, it is unreasonable and non understandable.', 'Even the contract can be terminated, members still need to pay compensation fee for the damage, the amount is too big and unreasonable.'

Three of them stated that, 'Since the exclusive contract is invalid, so SM should consider TVXQ's income as unreasonable income, ' SM must first pay each member 10 billion won, with a total of 30 billion won'. and advocated that, ' From 60 billion won TVXQ has earned till now, SM must pay each member 10 billion won ultimately after divided the total income and minus the additional cost.'


They submitted 'near life-long exclusive contract suspension injunction' to court in July last year. In October the same year, the court decided to invalidate their exclusive contract, and stated that 'Before a judgment has reached in this case, SM cannot hinder the trio's solo activities.'


Credits: TVXQBaidu + 囧囧有神家族
Trans by: LoveInTheIce@DBSKnights
Shared by DBSKnights

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UPDATE:

Trio's Lawyer States, "10 Billion Won Is A False Report"



On the 28th, Lawyer Lim Sang Hyuk of Sejong stated, "We have asked that SM Entertainment pay each member one billion Won first. The amount we file for compensation will increase but ten billion Won, which is the amount reported in some news articles, is a false report. We have not yet decided upon a final compensation amount."

(omitted)
(₩1,000,000,000 ≈ $830,000 USD ≈ ¥74,151,000)


Source: [isplus joins+Yuaerubi]
Translation credits: jeeelim5@tohosomnia.net
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