JAKARTA - Chen, Baekhyun, and Xiumin EXO are rumored to have filed for termination of exclusive contracts with their label, INB100. The three of them added to the list of artists who terminated their contracts after their salaries were not paid.
Friday, April 10, Chen, Baekhyun and Xiumin filed a termination at the end of March to INB100 CEO Cha Ga Won. They also asked for clarification regarding some unpaid activities and other contract violations.
Launching The Fact, although they gave them two weeks, Cha Ga Won did not give an explanation which eventually made them file for termination of contract.
Cha Ga Won's side responded, "We are working to normalize the company's operations. We will do our best to resolve the situation either through additional investment or using personal costs."
INB100 is a subsidiary established by Baekhyun after leaving SM Entertainment. Then, the company was established as part of ONE HUNDRED, a company founded by Cha Ga Won with MC Mong.
MC Mong left the company while Cha Ga Won became the largest shareholder to manage ONE HUNDRED, Big Planet Made Entertainment, and INB100.
Cha Ga Won recently faced news of three fraud cases. He is reported to have signed a contract using his artist's property and is undergoing an examination.
On the other hand, Chen, Baekhyun and Xiumin are at loggerheads with their former company, SM Entertainment over the transparency of their contract payments. This made the three of them absent from EXO activities including his solo concert.
Before Chen, Baekhyun and Xiumin, several artists who filed for contract termination from THE BOYZ from ONE HUNDRED, then Taemin, Lee Mujin, BE'O, VIVIZ, and Lee Seung Gi from Big Planet Made Entertainment.
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