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Saturday, 26 February 2011

SME have to pay JYJ $17,000 USD

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On February 21st, the Seoul Central District Court has ordered SM Entertainment to pay compensation to JYJ for indirectly restricting and hindering their activities.

The court stated, “SM Entertainment should not have hindered JYJ’s celebrity activities. For this violation, we demand that SM Entertainment pay JYJ $17,000 USD for every time they have obstructed or will obstruct JYJ’s activities.”

They continued, “Even though a preliminary decision was made on October 27th 2009 to nullify their exclusive contracts, SM Entertainment conducted a press conference on November 11th 2009, through which they stated that JYJ must still abide by the terms of their exclusive contract. Additionally on October 2nd 2010, the agency sent certified requests to Warner Music Korea, requesting to stop the production and distribution of JYJ’s world-wide album.”

“We recognize these acts as impeding on JYJ’s celebrity activities and made the decision to put down this order.”

The CEO of CJ Entertainment, Park Chang Ju, expressed, “There remains a lot of mountains we must cross. It’s still a frustrating situation, where we must overcome even more barriers for JYJ to meet the public.”

Source: OSEN via Nate
Credit : Allkpop

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