The Boyz's Nine Members Win Temporary Injunction to Terminate Exclusive Contract with One Hundred Label [Full Text]

*This content was translated by AI.

The nine members of idol group The Boyz announced that they have secured a court ruling granting their application for a temporary injunction to suspend the effectiveness of their exclusive contract with their agency, One Hundred Label.

Kim Moon-hee, an attorney representing The Boyz, stated on the 23rd, "The court has ruled to grant The Boyz's application for a temporary injunction to suspend the effectiveness of their exclusive contract. Accordingly, we inform you that the court has confirmed that The Boyz's exclusive contract with One Hundred Label (One Hundred Label) has been legally terminated and its effect has ended." The attorney further explained, "The court recognized that One Hundred Label violated its obligation to pay settlement funds, failed to fulfill its obligation to provide settlement data necessary to verify the appropriateness of the settlement, and did not meet core contractual obligations such as management support and artist protection. The court concluded that, considering these circumstances, the trust relationship between the parties had broken down to a point where restoration was difficult due to the fault of One Hundred Label."

Attorney Kim Moon-hee added, "One Hundred Label has argued in the media and during the temporary injunction proceedings that the contract money has the nature of an 'advance payment,' but the court explicitly rejected this claim." He explained, "The court clearly stated that the payment of contract money and the distribution of settlement funds resulting from revenue generation are stipulated as separate clauses in the exclusive contract, and there is no agreement allowing already paid contract money to substitute for settlement funds that must be newly paid to The Boyz."

He continued, "The court clearly clarified that the contract money is distinctly separate from settlement funds, as it was paid separately to The Boyz as compensation for entertainment activities at the time of signing the exclusive contract, when The Boyz had already secured considerable popularity and recognition. The contract money paid by One Hundred Label to The Boyz was an amount offered by One Hundred Label for recruitment, considering the current and future value and marketability of The Boyz, and the exclusive contract was concluded based on mutual agreement between the parties. Nevertheless, One Hundred Label's attempt to distort the scale or nature of the contract money paid to The Boyz at this stage is, in effect, nothing more than an attempt to reverse and deny its own judgment and decision."

Attorney Kim Moon-hee stated, "The Boyz intends to faithfully and responsibly fulfill their commitments to fans and minimize harm to innocent third parties for schedules that were already confirmed prior to the termination of the exclusive contract." He added, "Throughout this period, despite the difficult situation caused by the agency's false claims and ongoing public opinion campaigns, The Boyz have diligently practiced every day and prepared for concerts with dedication, even bearing a significant portion of the costs personally. Above all, they feel great excitement and responsibility at the thought of soon meeting their fans, and they accept with a heavy and grateful heart that the dispute over the effectiveness of the exclusive contract has been clearly resolved through the court's ruling."

Hello. I am Attorney Kim Moon-hee of Law Firm (Y) Yulchon.

Representing The Boyz's Sangyeon, Jacob, Young-hoon, Hyunjae, Ju-yeon, Kevin, Q, Seonwoo, and Eric (hereinafter "Artists"), I am delivering an official statement regarding the court decision on the temporary injunction to suspend the effectiveness of the exclusive contract.

The court has today ruled to grant the Artists' application for a temporary injunction to suspend the effectiveness of their exclusive contract. Accordingly, we inform you that the court has confirmed that the Artists' exclusive contract with One Hundred Label Co., Ltd. (hereinafter "Agency") has been legally terminated and its effect has ended.

The court recognized that the Agency violated its obligation to pay settlement funds, failed to fulfill its obligation to provide settlement data necessary to verify the appropriateness of the settlement, and did not meet core contractual obligations such as management support and artist protection. The court concluded that, considering these circumstances, the trust relationship between the parties had broken down to a point where restoration was difficult due to the fault of the Agency.

Throughout this period, the Agency has argued in the media and during the temporary injunction proceedings that the contract money has the nature of an "advance payment," but the court explicitly rejected this claim. The court clearly stated that the payment of contract money and the distribution of settlement funds resulting from revenue generation are stipulated as separate clauses in the exclusive contract, and there is no agreement allowing already paid contract money to substitute for settlement funds that must be newly paid to the Artists. Furthermore, the court clearly clarified that the contract money is distinctly separate from settlement funds, as it was paid separately to the Artists as compensation for entertainment activities at the time of signing the exclusive contract, when the Artists had already secured considerable popularity and recognition. The contract money paid by the Agency to the Artists was an amount offered by the Agency for recruitment, considering the current and future value and marketability of the Artists, and the exclusive contract was concluded based on mutual agreement between the parties. Nevertheless, the Agency's attempt to distort the scale or nature of the contract money paid to the Artists at this stage is, in effect, nothing more than an attempt to reverse and deny its own judgment and decision.

As stated in the previous official statement, the Artists intend to faithfully and responsibly fulfill their commitments to fans and minimize harm to innocent third parties for schedules that were already confirmed prior to the termination of the exclusive contract. Throughout this period, despite the difficult situation caused by the Agency's false claims and ongoing public opinion campaigns, the Artists have diligently practiced every day and prepared for concerts with dedication, even bearing a significant portion of the costs personally. Above all, they feel great excitement and responsibility at the thought of soon meeting their fans, and they accept with a heavy and grateful heart that the dispute over the effectiveness of the exclusive contract has been clearly resolved through the court's ruling.

The Artists sincerely apologize for causing fatigue to fans and the public through unnecessary noise during the separation process from the Agency. However, we hope that subsequent procedures will be resolved more smoothly and swiftly. The Artists will continue to do their best in their activities alongside their fans. We kindly ask for your continued interest, support, and warm encouragement. Thank you.

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*This content was translated by AI.