EXO’s Baekhyun, Xiumin, and Chen have notified SM Entertainment regarding the termination of their exclusive contracts.
Baekhyun, Xiumin, and Chen delivered their official statement on June 1 through their legal representative and lawyer Lee Jae Hak from law firm Lin.
The representative stated, “Since March 21 until recently, the three members sent certification of contents a total of seven times, and through this, they requested a copy of a transparent settlement report and basis for settlement.”
Baekhyun, Xiumin, and Chen informed SM regarding the termination of their existing exclusive contracts as of June 1. According to the legal representative, SM Entertainment is attempting to carry out exclusive contracts with the artists that are valid for at least 17 or 18 years. The representative added, “This is SM committing unjust use of power against its artists once again.”
Stay tuned for the full statement.
Source: Soompi