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Contractual dispute between SM and Kris and Luhan finally draws to a close

By jubilantj   Thursday, July 21, 2016   215,842   33,397   487
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Kris and Luhan's contractual dispute with former agency SM Entertainment has at last drawn to a close. 


The court recommended for the two parties to reconcile, and the final agreement dictated that Kris and Luhan's exclusive contracts with SM Entertainment stay in force until 2022 as was originally written up. 


SM's representative law firm announced through an official press release on July 21, "We cannot disclose the details of the agreement but in accordance to the court's ruling and the agreement of the parties involved, Kris and Luhan's exclusive contracts will be effective until 2022 as originally contracted." 


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The press released further revealed, "Kris and Luhan, excluding areas in Korea and Japan, will entrust jurisdiction rights entirely to SM Entertainment, and Kris and Luhan will share a part of their revenues with SM Entertainment. Needless to say, [Kris and Luhan] will not promote as members of EXO." 

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    Tags:

    1. Luhan
    2. Kris
    3. sm entertainment


    k007 Friday, July 22, 2016

    Just offer the T-mobile No contract and everyone will be happy. LOL

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    Bunicutzika Friday, July 22, 2016

    Why the court didn't have the courage to make a decision? Why recommend the n settlement? Is SM such a force in a corrupt country like SK? What is USA doing with such a corrupt country as an ally? Where are the USA recommendations for elimination of corruption?

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    1Minoz Bunicutzika Friday, July 22, 2016

    Like in the U.S, there is no settlement? You must be young to know how the civil lawsuits. A lot of cases are settled out of court. It means both sides agree to compromise. If neither side wanted to budge, the judge would provide an official ruling.

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    yuune Bunicutzika Friday, July 22, 2016

    Shut up. The US isn't fucking clean either. Have you ever heard of USA politics?

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    yuune Bunicutzika Friday, July 22, 2016

    As far as I know South Korea is far less corrupt than the US

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    Bunicutzika 1Minoz Saturday, July 23, 2016

    I said why it's the "n" recommendations to settle out of the court. "n"

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    Bunicutzika yuune Saturday, July 23, 2016

    I didn't say a word about the corruption in USA. I said about only for their recommendations for other countries.The corruption is a big deal in EU countries and there are a lot of directions suggested by USA, which are theirs allies by default.

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    Sakura_Chan Bunicutzika Friday, July 29, 2016

    Please all countries are corrupt in their own way. We shouldn't question how the court passed its verdict. We don't know anything about SK law.

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    melomelon Friday, July 22, 2016

    What does this even mean? That Luhan and Kris stays in their current companies and SM can sit around collecting money? Or that SM will manage their work and thereby earn the revenue?

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    sgabgab melomelon Friday, July 22, 2016

    it means SM get a % of their earnings but ONLY when theyre promoting in Korea and Japan. A nice win for them, considering they get most of their money from China.

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    sgabgab melomelon Friday, July 22, 2016

    The % that theyd have to give away is also less than what they would have had to when they were in exo. They got what they wanted in the end.

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    1Minoz sgabgab Friday, July 22, 2016

    That's not the case. It means they are free to manage their own outside Korea and Japan buy have to give some earning to SM. If they promote in Korea or Japan, they have to go thru SM. Read Soompi article.

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    sgabgab 1Minoz Friday, July 22, 2016

    you literally just reworded what i said? thats still SM only getting money when they promote in SK or Japan

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    crabpancakes sgabgab Friday, July 22, 2016

    I think 1Minoz meant that outside of SK or Japan, SM still gets money, but luhan and kris can manage everything themselves

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    melomelon sgabgab Friday, July 22, 2016

    I see. Thanks! The translation on this article is so confusing and vague.

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    1Minoz sgabgab Saturday, July 23, 2016

    You said SM gets the money only when they promote in Korea. That's false.

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