EXO EXO-CBX Side: "Cha Ga-won, No Contact After Arrest"..Application for Nullity and Suspension of Contract Validity [Comprehensive]

*This content was translated by AI.View Original

EXO members Chen, Baekhyun, and Sehun (hereinafter EXO-CBX) have filed a lawsuit against their agency INB100 seeking confirmation that their exclusive contract is void and requesting its suspension.

On the 7th, Seoul Central District Court's Civil Collegiate Panel No. 50 held a hearing on the application for suspension of validity of the exclusive contract filed by EXO-CBX against INB100.

It is reported that the hearing concluded in less than 10 minutes as no representative from INB100 appeared. Since the application was filed, INB100 has consistently taken a non-responsive stance, failing to submit any written materials to the court.

In this regard, EXO-CBX's side stated regarding INB100's Cha Ga-won: "He is in custody and we have had no contact since the application for suspension was filed."

It is understood that alongside the application for suspension, EXO-CBX also filed a main lawsuit requesting confirmation that their exclusive contract is void. If the court grants the suspension, the contract's validity will remain suspended until the first-instance judgment in the main lawsuit is delivered.

INB100 was established by Baekhyun in June 2023 and joined Cha Ga-won's One Hundred Label subsidiary as a parent company in May the following year.

However, as various controversies surrounding Cha Ga-won continued to emerge, EXO-CBX notified them of contract termination last April citing reasons such as non-payment of settlement funds.

Currently, Cha Ga-won is accused of proposing a business using intellectual property (IP) of entertainments under his management company to Knowmerce Co., Ltd., signing a contract, receiving a large advance payment, but failing to actually execute the business. The scale of damage is reported to be approximately 30 billion won.

Accordingly, Cha Ga-won was arrested and indicted last month and is set to face his first trial on the 13th of next month.

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*This content was translated by AI.View Original