SM Entertainment expressed regret over EXO-CBX’s latest statement, emphasizing that the settlement of their legal dispute and EXO’s group activities are separate issues.
On October 29, SM Entertainment released an official statement addressing EXO-CBX’s announcement, saying, “We would like to clarify our position regarding EXO-CBX’s statement. Our company has made it clear to the three members that the settlement of disputes and participation in EXO’s group activities are separate matters.”
SM further explained,“Regarding the resolution of disputes, our company has prevailed in all previous legal proceedings. The only thing we asked from the three members was the payment of 10% of their individual activity revenues, as stipulated in the original agreement dated June 18, 2023. However, this has not yet been fulfilled.”
The agency continued, “Due to numerous disputes, trust between both parties has been severely damaged. Therefore, it is only natural that implementing the agreement and making sincere efforts to rebuild trust should come first.”
SM also pointed out discrepancies in EXO-CBX’s statements, saying, “Although the three members stated that they had clearly expressed their intention to settle after accepting all of our proposed conditions following the second mediation session on October 2, they actually filed an objection on October 16. We deeply regret that today’s announcement by the three members distorted these facts.”
Concluding their statement, SM affirmed their commitment to the group’s future, “Our company will do its utmost to support and promote EXO’s upcoming activities, which will begin in December.”
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