[Official] One Hundred Label Refutes Claims: "Paid The Boyz 16.5 billion won in advance, a level that shatters industry common sense" (Full Text)

*This content was translated by AI.

Agency One Hundred Label has refuted the claims made by the group The Boyz.

One Hundred Label stated on the 22nd through an official position that "the artists' claims regarding the recent application for an injunction to suspend the exclusive contract and the criminal complaint against our representative for embezzlement seriously distort the essence of the matter."

It further stated, "We have already paid an exclusive contract fee totaling 16.5 billion won, amounting to 1.5 billion won per member for all 11 members of The Boyz. This is an enormous sum that ordinary citizens rarely encounter in their lifetimes and places a significant burden on the company's finances. We made this decision to ensure that the artists could focus solely on their activities in a stable environment without being swayed by financial temptations."

It added, "The total amount paid to the nine members who participated in this lawsuit alone reaches 13.5 billion won. Considering the artists' careers and public recognition, this contract fee far exceeds the industry's usual standards."

One Hundred Label argued, "The total amount of unpaid settlement funds claimed by the members is nearly 10 times the 13th.5 billion won we have already advanced in advance. The unpaid settlement funds constitute only a small portion. The contract fees we paid are advance payments to be deducted from future revenues. If the exclusive contract is terminated, an amount proportional to the contract period must be returned to the company. Even after deducting the unpaid amounts, the members have already secured a profit of approximately 11.8 billion won."

It also stated, "Ignoring the essence and focusing only on a portion of the settlement funds is a clear attempt to mislead public opinion. The members' social media posts and the claims of their legal representatives stating 'we received nothing' and 'settlements were not made' are blatant distortions of facts that mislead public opinion."

One Hundred Label added, "We deeply regret the members' behavior of attacking the company while claiming they received no settlements despite receiving hundreds of billions of won in advance payments (exclusive contract fees) and settlement payments for the first and second quarters of 2025. We will reveal all the truths we have endured under the guise of protecting the artists clearly in court. We will fight to the end to protect our reputation and the artists."

Previously, The Boyz (Sangyeon, Jacob, Young-hoon, Hyunjae, Ju-yeon, Kevin, Q, Seonwoo, Eric) stated, "All artists have not received any funds, including the unpaid settlement funds for the third and fourth quarters of 2025, not only at the time the agency's official statement claiming 'settlement payments to the artists have been completed' was released, but also up to the present."

Nine members of The Boyz recently filed an application for an injunction to suspend the exclusive contract against their agency. They claimed that the agency has not paid settlement funds since July last year and even infringed upon their right to access accounting data to verify the transparency of settlements.

It is also reported that One Hundred Label Cha Ga-won (CEO) was criminally complained for violation of the Act on Aggravated Punishment of Specific Economic Crimes (embezzlement).

One Hundred Label (hereinafter "the Company"), the agency of the group The Boyz (THE BOYZ), hereby announces the following official position regarding the recent application for an injunction to suspend the exclusive contract filed by some members and the criminal complaint against our representative for embezzlement, stating that the artists' claims seriously distort the essence of the matter.

1. Completion of payment of an unprecedented exclusive contract fee of 1.5 billion won per person, totaling 16.5 billion won

We have already paid an exclusive contract fee totaling 16.5 billion won, amounting to 1.5 billion won per member, to all 11 members of The Boyz.

● This is an enormous sum that ordinary citizens rarely encounter in their lifetimes and places a significant burden on the company's finances.

● We made this decision to ensure that the artists could focus solely on their activities in a stable environment without being swayed by financial temptations.

● In particular, the total amount paid to the nine members who participated in this lawsuit alone reaches 13.5 billion won.

2. "A level that shatters industry common sense"... 10 times or more preferential treatment compared to other artists

The contract fees paid by our company far exceed the industry's usual standards when considering the artists' careers and public recognition.

● If the purpose was merely to induce contract signing, 100 million to 300 million won would have been appropriate, but we set the amount at more than 10 times that.

● It was a full-scale support that even other agencies and industry experts expressed concern over, stating that "exceeding 700 million won is a crazy price that inevitably leads to losses."

● We even presented this amount to conclude the contract, showing understanding for the false claim that they received a 2 billion won offer from another company during the exclusive contract signing process, in order to protect the artists' activities as much as possible.

3. Contradiction in claims of unpaid settlement funds: The members are actually in a situation where they must "return" funds

The total amount of unpaid settlement funds claimed by the members is nearly 10 times the 13th.5 billion won we have already advanced in advance. The unpaid settlement funds constitute only a small portion.

● The contract fees paid by our company are advance payments to be deducted from future revenues.

● As the artists claim, if the exclusive contract is terminated, an amount proportional to the remaining contract period must be returned to the company due to the nature of the advance payment.

● Even after deducting the unpaid amounts claimed by the members, the members are still in a state of having already secured a profit of approximately 11.8 billion won.

● Ignoring this essence and focusing only on a portion of the settlement funds is a clear attempt to mislead public opinion.

● Therefore, the members' social media posts and the claims of their legal representatives stating "we received nothing" or "settlements were not made" are blatant distortions of facts that mislead public opinion.

4. Reason for withholding settlement payments with secured funds: Self-help measures against malicious media play

The reason we could not immediately pay the settlement funds with the secured funds is that we feared a situation where we would not be able to recover the already paid high advance payments (exclusive contract fees) due to the malicious media play by the artists' legal representatives.

● We have faithfully fulfilled our settlement obligations to maintain trust with the artists, but the legal representatives are distorting facts and filing false embezzlement complaints against the representative, seriously hindering the company's legitimate fund management.

● The artists' legal representatives stated on March 16, 2026, that "if we do not make a claim for the return of the exclusive contract fee (advance payment), we will mutually and amicably terminate the contract and allow The Boyz to continue their normal activities under the Daejeon proposal, and we intend to waive the unpaid settlement funds to date."

● If we acknowledge the fact of receiving the exclusive contract fee (advance payment) now, based on the premise of maintaining the exclusive contract, we will immediately pay the secured settlement funds.

We deeply regret the members' behavior of attacking the company while claiming they received no settlements despite receiving hundreds of billions of won in advance payments (exclusive contract fees) and settlement payments for the first and second quarters of 2025. We will reveal all the truths we have endured under the guise of protecting the artists clearly in court. We will fight to the end to protect our reputation and the artists.

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*This content was translated by AI.