NH EMG, home to U-KISS�and LABOUM, has lost their lawsuit on repaying a prepayment.
The contract also stated that if the actual album sales did not reach 90% of the prepaid amount, then NH�EMG would provide extra U-KISS albums to TSN Company. However, the album sales did not reach even 60% of the prepaid amount even 7 months after the release. TSN Company in the end sent proof that NH�EMG�did not send additional mini albums despite not fulfilling the projected sales, and ended up filing a lawsuit. NH EMG said, "We made efforts to make more of U-KISS' mini albums, but because of difficult circumstances, we changed the contract to give over Laboum�albums instead."
TSN Company�had sued NH EMG, demanding�143,691,143 KRW (about $123,000 USD) back. TSN Company is a music distributions company, that had signed a contract with NH EMG with 2 of U-KISS' 2013 mini albums and LABOUM's mini album. TSN company prepaid about 650 million KRW (~$557,000 USD) up front.
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The contract also stated that if the actual album sales did not reach 90% of the prepaid amount, then NH�EMG would provide extra U-KISS albums to TSN Company. However, the album sales did not reach even 60% of the prepaid amount even 7 months after the release. TSN Company in the end sent proof that NH�EMG�did not send additional mini albums despite not fulfilling the projected sales, and ended up filing a lawsuit. NH EMG said, "We made efforts to make more of U-KISS' mini albums, but because of difficult circumstances, we changed the contract to give over Laboum�albums instead."
However, the court ruled that there was not enough evidence that NH EMG fulfilled their part of the contract�and that NH EMG must pay the remaining�143,691,143 KRW back to TSN Company.
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