THE BOYZ 9 people "No settlement, One Hundred trust is broken."" Declaration of Termination of Contract [Professional]

*This content was translated by AI.

• "No basic support, staff costs overdue.."Member Newman maintains an exclusive contract"

Idol group THE BOYZ members Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, Q, Sunwoo and Eric have announced their separation from One Hundred Label.

Lawyer Kim Moon-hee of Yulchon, a law firm in charge of the legal representation of The Boyz, said in an official statement on the 19th, "The exclusive contract was terminated on February 10, 2026, citing the serious violation of the exclusive contract and the resulting irreparable damage to the trust relationship, and as a result, the exclusive contract was legally terminated and its effect was terminated."

Attorney Kim Moon-hee said, "In the meantime, the agency has not paid the artist a normal settlement for all activities from July 2025 after the settlement payment in the second quarter of 2025. In addition, even though the artist requested several times to read basic materials such as contracts to confirm the transparency of the settlement, he refused without justifiable reasons, and he/she has not given any responsible explanation or convincing explanation for the current situation in which the settlement is not paid to the artist, he/she said.

"Despite the long-running uncertainty, we have been working silently to keep our promises to our fans, but we have virtually abandoned our normal management work, not only failing to properly support all the expenses that are essential for entertainment activities, but also delaying the cost of the staff who are committed together for months," he said. "The psychological pain and pressure that the artist had to endure was indescribable. In the end, we came to the conclusion that we could no longer overlook or sustain this situation, and we made the difficult and heavy decision to terminate the exclusive contract with the disastrous conclusion that the mutual trust relationship was no longer recoverable."

Attorney Kim Moon-hee, however, said, "THE BOYZ member New expressed his personal intention to maintain an exclusive contract after sufficient consultation with artists regarding this matter. Artists mutually respect each member's choices and positions, and THE BOYZ will seek various ways and cooperate to the extent necessary to find the best direction for the team and fans.

Hello, I'm lawyer Kim Moon-hee of Yulchon Law Firm.

On behalf of The Boyz Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, Q, Sunwoo, and Eric (hereinafter referred to as "Artist"), we would like to inform you of the official position regarding the termination of the artist's exclusive contract and future activities.

The artist notified the cancellation of the exclusive contract on February 10, 2026, citing the serious violation of the exclusive contract of One Hundred Label Co., Ltd. (hereinafter referred to as the "Company") and the irreparable damage to the trust relationship, and accordingly, the exclusive contract has been legally terminated and its effect has been terminated.

In the meantime, the agency has not paid the artist normal settlement for all activities from July 2025 after the settlement payment in the second quarter of 2025. In addition, even though the artist repeatedly requested access to basic materials such as contracts to confirm the transparency of the settlement, he refused without justifiable reasons, violating the management company's basic and essential obligations under the exclusive contract.

Furthermore, recent media reports revealed that the agency received tens of billions of won in advance payments based on the artist's entertainment activities. Nevertheless, the agency has not provided any responsible calling or convincing explanation for the current situation in which no settlement is paid to the artist.

In the process, the artist has been working silently to keep his promises to his fans despite the long-running uncertainty. However, not only did the agency fail to adequately cover all expenses essential to the artist's entertainment activities, but it also effectively neglected its normal management work, including months of backlogs of expenses for staff devoted to the field.

The psychological pain and pressure the artist had to endure in an environment where even basic support was lost was indescribable. In the end, we came to the conclusion that we could no longer overlook or sustain this situation, and we made the difficult and heavy decision to terminate the exclusive contract with the disastrous conclusion that the mutual trust relationship had reached a breakdown that could no longer be restored.

Nevertheless, the artist agreed that this incident should not cause damage to fans, as well as to well-meaning third parties such as various partners and officials. Therefore, it was difficult to hold a concert in April, and I promise to faithfully implement the already confirmed schedule with responsibility until the end. We will do our best not only in team activities but also in our individual seats to repay the love sent by our fans.

Meanwhile, THE BOYZ member New expressed his personal intention to maintain an exclusive contract after sufficient consultation with artists regarding the matter. Artists mutually respect each member's choices and positions, and THE BOYZ will seek various ways and cooperate to the extent necessary to find the best direction for the team and fans.

Finally, I sincerely ask you to refrain from speculative reports or indiscriminate speculation in relation to this issue. Please continue to give warm encouragement and constant support to the members who will do their best in their respective positions. Thank you.

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*This content was translated by AI.