Different Statements, SM Entertainment Denies Knowing Baekhyun EXO's New Company

JAKARTA - Baekhyun EXO confirmed rumors about the new company he made. He even admitted that he had received the blessing of his current agency, namely SM Entertainment. However, SM Entertainment then released a different statement.

The agency stated that they knew nothing about the new company Baekhyun was going to make. They learned of this after the news.

"Our company has never heard anything about this before. We found out through the news," SM Entertainment said on Wednesday, August 9, as reported by Soompi.

Despite being confused by the situation, SM Entertainment admits that he still believes that Baekhyun will keep what they have agreed on together.

"Although we are confused by the sudden news, we believe that Baekhyun will keep the promise he made during our mutual agreement," he continued.

Previously, Baekhyun EXO admitted that he would establish his own company, temporarily named One Signature, with his friend Kasper. He said that SM Entertainment was aware of the plan and allowed it.

"SM also agrees and shows a positive attitude to start your own career. It's not something I care about myself without consultation with other people," Baekhyun said earlier.