The dispute between JYJ (Jaejoong Kim,
Yuchun Park and Junsu Kim) and SM Entertainment has been dramatically
completed by the both parties’ agreement.
C-JeS Entertainment, the management
company of JYJ, released official press release through Se Jong Law
Firm, the legal representative. On the press release of Se Jong Law
Firm, it expressed that “the injunction JYJ filed against the former
management company(SM) made monumental rulings clarifying that unfair
contracts abusing the weak party’s position are invalid twice, while it
was drawing such public attention”, as the background of the lawsuit.
It continued, “The previous rulings made
that entertainment industry’s unfair practices wiped away and
accelerated opportunities to be significantly improved. With the ruling
from the lawsuit, 1) legal practices were improved in order to protect
new artists, 2) the parties involved in entertainment industry became
aware of the problems so that the new artists can have their activities
with more freedom. We hope this broad view of agreement can help JYJ to
improve even more, with the both parties mutual cooperation”.
JYJ filed an injunction to clarify
invalidity of exclusive contract in 2009, and the court accepted this so
that JYJ could have independent activities. After this, SM filed the
lawsuit to clarify validity of exclusive contract and claimed
compensation for damage in APR 2010, and JYJ also filed the lawsuit to
clarify invalidity of exclusive contract against this. However, the
court favored in JYJ’s side after rejected SM’s objection against JYJ’s
injunction and ordered indirect order to pay for its interferences in
JYJ’s activities.
Chang-Joo Back, CEO of C-JeS
Entertainment, added that “We always thought that this was a winning
game since the court accepted JYJ’s injunction[in 2009]. The current
disturbance happening to JYJ’s activities are not about legal disputes,
but being a David and Goliath contest, therefore, we do not think that
our plans will be dramatically changed after the ruling”.
He continued, “We are walking the path
that only JYJ can do and also will continue as we planed in the future.
We hope that this agreement would make improvement for some cases which
were regulated by way of making excuse from the lawsuit. Also we would
like to express our sincere appreciation for fans in Korea and abroad,
who send everlasting support for JYJ so far”.
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