Korea Entertainment Producers Association Calls for NewJeans to Withdraw Contract Termination Claims
Dec 06, 2024
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The Federation of Korean Industries said on the 6th that "K-pop is shaking from its roots due to the NewJeans crisis."We ask NewJeans to withdraw his irresponsible claims like raw fish as soon as possible, return to his original intention and continue normal activities."
With NewJeans recently announcing the termination of its exclusive contract with Ador through an emergency press conference and expressing its desire to be with former CEO Min Hee-jin, the Federation of Korean Industries is deeply shocked by the controversy over the termination of the exclusive contract between NewJeans and its agency" "K-pop, our pride and cultural asset that the world is paying attention to, is shaking from its roots due to the New Jersey crisis." he criticized.
Then "An exclusive contract is not just a contract, but a fruit of mutual trust and promise. I express great concern at the idea that the exclusive contract can be terminated with only one-sided claims"The termination of the contract can only be made if the party claiming it proves a legitimate reason"
Regarding the actions of the members of the NewJeans "NewJeans did not provide concrete evidence to support the thinking"In violation of some unreasonable demands for correction and procedures for termination of the contract, which were beyond the contract concluded between the agency and the artist, a press conference was held to notify the unilateral termination of the exclusive contract"He stressed that it was an irresponsible act.
He also pointed out some 'Tampering Suspicion'. As the circumstances were revealed, such as former CEO Min's surprise live broadcast in September, member Hani's attendance at the parliamentary audit in October, and the introduction of the member's eldest father to meet with the president of another company to attract investment, suspicions arose that former CEO Min coordinated the members of New Jeans to leave the door.
"If these allegations are true, they could amount to a highly advanced, new type of tempering," the association said. "This is not just a phase of breach of contract, but an act that betrays the long-standing partnership between the agency and the artist."
In the meantime, "It can set a very dangerous precedent that threatens the sustainability of the Korean pop culture and arts industry."
In addition, the agency finds artists, takes the risk of fostering them, and puts enormous time and capital into this. It will be said that fostering artists is a product of mutual trust and commitment beyond just business relationships," he said, pointing to NewJeans' move.
If this kind of notice of termination of the contract is tolerated, who can invest in the Korean K-pop market?" the Federation of Korean Industries strongly urged the New Jins to withdraw its irresponsible claims as soon as possible, return to its original intention and continue its normal activities.
Even with the allegations of tampering "We hope that a thorough fact-finding investigation will be conducted on illegal activities."The association also sincerely asks the National Assembly and government officials to come up with clear supplementary measures to prevent any further problems such as unilateral cancellation notification of artists.
The Korea Management Association (hereinafter referred to as Han Mae-yeon) also pointed out that it is destroying the industrial order to NewJeans , which intends to terminate the exclusive contract with Adore, and the Federation of Korean Industries is drawing attention by expressing concern.
The following is the full text of the Yeonje Association's admission.
The following is the full text of the Yeonjehyup's statement.
The recent controversy over the termination of exclusive contracts between NewJeans and its agency has shocked the entire Korean pop culture and arts industry. K-pop, our pride and cultural asset that the world is paying attention to, is shaking from its roots due to the NewJeans crisis. The Korea Entertainment Producers Association, a corporation, strongly expresses its position with the heart that it can no longer overlook it.
First, an exclusive contract is not just a contract, but a fruit of mutual trust and promise. We are very concerned about the idea that the exclusive contract can be terminated only with a one-sided claim. Termination of the contract can only be done if the party claiming it proves a legitimate reason. However, NewJeans did not provide concrete evidence to support the thinking. Even breaking some unreasonable demands for corrective action and the process of termination of the contract, which is beyond the contract between the agency and the artist, and holding a press conference to notify them of the unilateral termination of the exclusive contract is highly irresponsible as a party to a responsible contract, which is in defiance of both legal standards and industrial practice and deserves strong criticism.
Second, the fact that NewJeans was involved in allegations of 'tempering' attracting artists before the expiration of his exclusive contract raises greater concerns. Currently, NewJeans is suspected of actively colluding with a third party to induce the termination of the contract by internal personnel of the agency during the exclusive contract. If these allegations are true, they could amount to a highly advanced, novel tempering. Tempering is a deadly act that destroys the trust of the entertainment industry. This is not just a phase of breach of contract, but an act that betrays the long-standing partnership between the agency and the artist. If it is true that famous K-pop artists like NewJeans are involved in tempering, it will be an indelible wound to our entire pop culture industry.
Third, the unilateral declaration of termination by the fast-successful third-year group NewJeans could set a very dangerous precedent that threatens the sustainability of the Korean pop culture and arts industry. The agency finds artists, takes the risk of nurturing them, and puts enormous time and capital into it. Artist development is a product of mutual trust and commitment beyond just business relationships. But NewJeans, who has become a global artist with great success since his debut, wants to take the risk less than half of his contract, and the related allegations of tempering are destroying relationships between agencies and artists, significantly reducing trust in the industry as a whole and shrinking investment. If this kind of contract termination notice is tolerated, who can invest in the Korean K-pop market?
The Korea Entertainment Producers Association asks NewJeans to withdraw its irresponsible claims like raw fish as soon as possible, return to its original intention and continue its normal activities. Furthermore, if you were attempting your own entertainment activities at home and abroad, I strongly urge you to stop it immediately and show a forward-looking attitude, including conversation with your agency. In addition, we hope that a thorough fact-finding will be conducted on illegal activities such as allegations of tempering.
Finally, I sincerely ask the National Assembly and government officials.
The pop culture and arts industry starts with the capital of a company, but in the process of making a person's star and the whole process of moving, the hard work and sacrifice of the numerous workers involved in the company are supported. Therefore, as the dispute over exclusive contracts with artists and tempering issues are seriously linked to the existence of companies and the livelihoods of numerous workers who have been engaged in them, we sincerely ask you to come up with a clear supplement to prevent further problems such as unilateral cancellation notification of artists.
Thank you.
rightlight@sportschosun.com
