THE BOYZ Officially Files Lawsuit To Nullify Contract, Triggers Massive Response
Summary
THE BOYZ has officially initiated legal proceedings against their agency, ONE HUNDRED, requesting a court injunction to terminate their exclusive contract. The lawsuit stems from allegations of a breach of trust related to unpaid settlements, with the group claiming approximately ₩5.50 billion KRW (about $3.75 million USD) in service fees to external companies remain unsettled. During the first hearing at the Seoul Central District Court, THE BOYZ’s legal counsel argued that the relationship of trust with the agency is irreparable and requested an expedited injunction to ensure the group’s continued activities. They further revealed that the members had to personally fund concert preparations and rely on advance payments from related companies due to the agency’s lack of support.
ONE HUNDRED countered that the payment delays were temporary and unintentional, stating their intention to fulfill the outstanding amount, including a 6% delayed interest. However, this explanation has sparked significant outrage among netizens, who expressed disbelief and frustration with the agency’s handling of the situation, with many commenting on the potential for a prolonged legal battle and criticizing the agency’s financial practices. The case highlights concerns about artist exploitation and the importance of transparent financial management within the K-pop industry.
(Source:Koreaboo)