[Official] Yoo Jun-won signs with new agency.. Funky Studio: "Disregarded industry ethics, will take strong action"

*This content was translated by AI.

Funky Studio issued a statement regarding Yoo Jun-won's exclusive contract with a new agency as a participant in the program "Boy Fantasy."

On the 4th, through an official statement, Funky Studio said, "During the trial process, the court urged Yoo Jun-won to return to the agency and reach a harmonious settlement twice, considering his future activities and prospects; however, Yoo Jun-won has maintained his previous position by requesting a judgment on the compensation amount without expressing any intention to return."

It further stated, "With the final judgment approaching in July, we deeply regret the unilateral disclosure of the contract signing and activity plans with a new agency and the distribution of related press releases, and we will take strong action."

It also pointed out, "Deciding on a new agency and proceeding with related activities before the final judgment has been rendered completely disregarded industry ethics and contract order. Considering the ongoing legal proceedings and the contract order of the industry, this was a matter that should have been handled with great caution."

Funky Studio explained, "Yoo Jun-won's unilateral departure caused significant disruptions to the activities and overall business plans of Fantasy Boys. Not only the members who prepared for debut and activities together, but also the production staff and related parties who have worked hard for the project over a long period were seriously affected. We take this very seriously regarding the tangible and intangible damages incurred in this process."

It further stated, "After the program ended, Fantasy Boys held fan meetings in Japan for approximately 10,000 people, proving high market potential and growth prospects. However, after Yoo Jun-won's departure, serious disruptions occurred in group activities and related business plans, leading to a significant reduction in the originally planned business scale."

It added, "In addition to the current lawsuit for damages amounting to approximately 3 billion won, we plan to consider legal action for any additional damages that may be confirmed in the future. Since Yoo Jun-won's side has not shown any intention to settle or return, we request that the court render a final judgment on this matter as soon as possible."

Finally, it emphasized, "The K-pop industry has grown based on trust and responsibility regarding contracts. Acts that disregard contractual relationships must not be repeated, and an environment where industry order and principles are respected must be established."

Meanwhile, in 2023, Yoo Jun-won was scheduled to debut as part of the group Fantasy Boys after finishing first in the final round of the MBC audition program "Boy Fantasy." However, he was excluded from the group due to conflicts over contract terms, including profit distribution.

Subsequently, Funky Studio filed a lawsuit for damages amounting to 3 billion won against Yoo Jun-won, and both sides are awaiting the final judgment in July after a legal battle.

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*This content was translated by AI.