One Hundred "I took the deficit..THE BOYZ's contract is terminated, right? can't accommodate" [Professional]

*This content was translated by AI.

One Hundred Label directly explained the termination of the exclusive contract for idol group THE BOYZ.

One Hundred Label said in its official statement on the 19th, "We signed a contract by paying a large amount of exclusive down payment for each member on the premise that all 11 members of The Boyz work in compliance with the contract period as a team," adding, "However, the premise collapsed last year due to various controversies among the members, which led to one member withdrawing from the team, making normal team activities difficult."

"Nevertheless, we have tried to persuade the damaged affiliates and maintain the group's activities even at the risk of a large deficit," he said. "We cannot accept the demand for the exclusive contract termination of the members of The Boyz, who turned a blind eye to this situation."

In addition, One Hundred Label said, "We have maintained the support of vehicles, managers, and practice rooms for The Boyz and expressed our intention to provide it normally, but the members refuse it first and are turning a blind eye to the support," adding, "In particular, the fact that CEO Cha Ga-won took out the deposit for The Boyz members' accommodation is unfounded and clearly false."

Hello, I'm One Hundred Label, Inc.

Regarding the exclusive contract between us and the members of THE BOYZ, we state our position as follows.

The company signed a contract by paying a large amount of exclusive down payment for each member on the premise that all 11 members of The Boyz work in accordance with the contract period as a team. However, the premise collapsed last year due to various controversies among members, which led to the withdrawal of one member from the team, making it difficult for normal team activities.

Nevertheless, we have tried to persuade our damaged affiliates and maintain our group activities even at the risk of a large deficit.

Turning a blind eye to this situation, we cannot accept the request of the exclusive contract termination of the members of THE BOYZ.

Also, some of the fact stories reported today are not true. We have maintained the support of vehicles, managers, and practice rooms for THE BOYZ and have expressed their intention to provide it normally, but the members have refused to do so first and are turning a blind eye to our support.

In particular, I would like to inform you that the fact that CEO Cha Ga-won took out the deposit for accommodation of THE BOYZ members is completely groundless and malicious and clearly false.

In this regard, we will take a strong legal action against The Fact.

Thank you.

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*This content was translated by AI.