'"[91][92], On May 15, 2014, Kris Wu, a Chinese-Canadian member of EXO, filed a lawsuit to terminate his contract with SM, as first reported by Chinese news portal Sina. Also, since SM has become such a leader in promoting fair contracts, I’m sure they will be doing this for all of the artists and, furthermore, disclosing and being completely transparent about the terms of these contracts to the general public. [58], In November 2019, SM Entertainment signed with Creative Artists Agency for representation in all areas. [93][94] He was represented by Cho Bum-suk, the same lawyer that handled Han Geng's case. The Entertainer agrees to perform on [Performance.Date] at [Venue.Name], located at [Venue.Address]. Within 15 minutes of the announcement, company stocks had dropped by 9.41%, from KR₩37,000 to KR₩33,250 per share. Jung Hae-ik was appointed CEO at the time of SM Entertainment's official reestablishment in 1995,[9] and was succeeded by Kim Kyung-wook in 1998. [49], On February 16, 2017, a source from the task force in charge of the international K-pop academy has plans to open this upcoming September. Countdown show, and had only appeared on their charts a month after the album release. No matter if we stay with SM, make our own label, or join another label, we want to stay together. SM Entertainment has released an official statement regarding the future of the f(x) members. Currently, SM Entertainment is embroiled in a contract termination lawsuit against Kris and Luhan. Below are the points that SM Entertainment made during their lawsuit against JYJ. On top of that, SM Entertainment gives an incentive of 50 million KRW when they reach over 500,000 albums sold, and 100 million when over 1 million albums are sold. But before agreements could be made, she had set up her independent business, which caused problems for the group's professional schedules. [77] The news of this dispute caused SM Entertainment's KOSPI stock price to drop by 10.06%. Pink is SM Entertainment’s argument. — Suho He explained that they still have 2~4 years left on their contracts but when the time comes, they all want to stay together as a team. The audit report is said to be of SM Entertainment The contract of 9 EXO members with SM is expected to expire this year despite many other sources assuming that their contracts may last until 2022. [106] No lost his lawsuit against SM Entertainment on July 21, 2016. "[108][109], On November 21, 2009, SM Entertainment boycotted the Mnet Asian Music Awards event, claiming reservations regarding the standard of fairness and the criteria used in Mnet's selections for award recipients. The representative added, "As SM wasn't able to catch it before, we will remove the material that caused the misunderstanding as soon as possible. Simple, which marked the end of SM's self-distribution. [6], The label has also represented K-pop artists such as TVXQ!, Super Junior, Girls' Generation, J-Min, SHINee, f(x), Zhou Mi, EXO, Red Velvet, NCT, SuperM and aespa, and previously represented S.E.S., Fly to the Sky, Shinhwa, TraxX, CSJH The Grace, and Henry Lau. Entertainment: The Company That Created K-Pop", "[단독] SM 스타 및 직원 350여명,하와이로 대규모 단합 대회 떠난다…각종 화제, 진풍경 잇따라", "After 20 years, SM Entertainment to expand overseas base", "SM Entertainment merged with Fandango Korea", "Searching for entertainment industry power ②. SM entertainment", "Lee Soo-man SM Group Leader – Leader of popular culture industry moving entertainment industry", "Super Junior members set to make move into musicals", "Lee Soo-man steps down from SM board of directors", "Korean Music Power: KMP Holdings Co. Ltd. Personal Service … Officially it's 7 years but there's a loophole SM abuses that if the group has overseas activities, it can be extended to 10 years. terminating his contract with the company, but SM quickly rejected it … The contract period was extended from 10 years to 13 years and the income division was slightly increased for the celebrity. I will cherish the many years we spent and I wish SM the best of luck in all of its endeavors. [50] In March 2017, SM acquired the independent record label Mystic Entertainment, becoming the label's largest shareholder. Therefore, there is a liability to JYJ to pay SM for damages. The following years saw the debuts of artists such as TRAX (2004), The Grace (2005), and Super Junior (2005). [44] On February 11, 2016, the Chinese e-commerce giant Alibaba Group acquired a 4 percent minority stake in SM Entertainment for US$30 million. In December 2000, SM established an affiliation with Fandago Korea. On September 5, a source from SM Entertainment stated to … 3. All of the costs are taken in by SM Entertainment themselves, and the members get a percentage of not the pure profit, but the total sales (meaning before costs and such are subtracted). South Korea’s music business is thriving and is worth more than $3 billion a year. The Client and Galen Disston DBA the band (Train Wreck and/or Birdman) agree that the following provisions are a part of their agreement: 1. ", "(kt PR room) KT to acquire KMP Holdings to strengthen its music businesses", "SM Entertainment Acquires Woollim Entertainment, Creates New Sublabel", "SM, YG, JYP lead 7 companies as KT Music's new stakeholders", "KPOP NEWS – SM Entertainment Invests in Indie Label Baljunso to Spotlight Nonmainstream Music | Mwave", SM, IB Worldwide ink deal to create 'sportainment', "KPOP NEWS – Exclusive Super Junior Label ′Lable SJ′ [sic] Established for 10th Anniversary", "041510.KQ Income Statement | S.M. Rumors claimed they signed a 10-year contract at the time of their debut. Additionally, for CFs and overseas promotions, the members' profit ratio to SM's ratio was actually 7:3, in TVXQ's favor.�. [61] On April 20, SM Entertainment released the first trailer on their official YouTube channel announcing the upcoming series of live concerts dubbed as the "new era of live concert", with the first live show to be headlined by SuperM. "[113], In August 2014, after the release of Red Velvet's music video for "Happiness", Japanese media reported that images referencing the bombing of Hiroshima and Nagasaki, as well as the 9/11 attacks, were seen in the background of the video. Not long ago there were rumors of D.O. That same year, the company debuted five-member boy group TVXQ. The recent revisions to contracts are for trainees, not for current label artists. In Japan, SM Entertainment co-publishes Avex Trax releases for artists including Ayumi Hamasaki, Namie Amuro, and Koda Kumi, as well as Johnny's Entertainment artists such as Arashi and KAT-TUN.[7]. According to the report, leading the pack in terms of revenue was SM Entertainment, who brought in around US$518 million, followed by YG Entertainment who earned about US$243 million. THE FUTURE OF CULTURE TECHNOLOGY Asia's No.1 Entertainment Group SM Entertainment / SM JAPAN / SM USA / SM TRUE / DREAM MAKER / DREAM MAKER China SM C&C / SM Life Design Group / SM Brand Marketing DearU / KEYEAST / Stream Media Corp. / MYSTIC STORY / GalaxiaSM / ESteem [18], In 2012, SM debuted the large-scale boy group EXO, split into two units in order to promote in Korea and China simultaneously. 2. We previously mentioned that some of these contracts could last up to 10 years. [62] The concerts are hosted on Naver's V Live app and made available to audience from more than 200 countries. - Sunny's contract on SM Entertainment is a FREEDOM CONTRACT. The Gangnam-based academy is a collaborative venture with the private Jongro Sky Academy. "[111], In 2010, the Korea Fair Trade Commission (KFTC) undertook an investigation into SM Entertainment's policies, especially regarding artists' contract terms, and concluded that they were unfair. We will make sure not to let this kind of thing happen in the future." Sehun replies to a netizen's rude question on Instagram live, GOT7 drop black-and-white 'Encore' MV teaser, KEEMBO (SPICA's Boa & Bohyung) reveal 'Scandal' album highlight medley, Newkidd's Hansol reportedly enlisting in 2 days, Golden Child's Daeyeol & Tag 'Breathe' in sporty teaser images, ATEEZ' San shows off his abs in 'ZERO: FEVER Part 2' teaser images, Girls' Generation reportedly discussing new album & SM Entertainment responds. [78] In addition, 120,000 fans of TVXQ filed a petition against SM's long-term contracts to the Seoul Central District Court, and also filed for compensation for an SMTown Live Concert that was canceled a week before its scheduled date. Recently, EXO and f(x)’s contract information appeared on a number of websites that caught many people’s attention. [39] NCT has since expanded to three more units - the South Korea-based fixed unit NCT 127 in July 2016,[40] the youth/teen-aged unit NCT Dream in August 2016,[41] and the China-based WayV in January 2019. In a temporary disposition, made quickly so JYJ could promote, the court had ruled the contract unfair. [48] In late 2016, SM began organizing a League of Legends tournament called SM Super Celeb League, in which SM artists Heechul and Baekhyun played against both professional gamers and fans from South Korea and China. [54][55], On August 8, 2019, SM and Capitol Music Group – which earlier signed NCT 127 in April 2019[56] – announced SuperM, a supergroup consisting of Taemin from SHINee, Baekhyun and Kai from EXO, and Taeyong, Ten, Lucas and Mark from NCT units NCT 127, NCT Dream and WayV, in the 2019 Capitol Congress event in Los Angeles. [60], By April 2020, it was announced SM Entertainment and Naver had signed a Memorandum of Understanding (MOU) with purpose to expand the reach of concerts to global audience. SM can renegotiate any contract or make reparations for past injustices that they’d like to. [citation needed], In 2012, SM was accused of colluding with music distributors, but was cleared of the charge. In 2003, SM became affiliated with Starlight Corporation Ltd. and C-Cube Entertainment Corporation. [114], 1989–2000: Creation and first generation artists, 2000–2005: Affiliations and second generation artists, 2005–2010: Expansion and international artists, 2016-present: International expansion and business partnerships, "FNC, SM과 전략적 제휴…'SM라이프디자인그룹'으로 사명 변경(공식)", "The Big 3 of Korean Pop Music and Entertainment", "Korea's S.M. In 2010, the Korea Fair Trade Commission (KFTC) undertook an investigation into SM Entertainment's policies, especially regarding artists' contract terms, and concluded that they were unfair. The joint efforts leads to the creation of Beyond Live, a series of online live concerts, which were created in light of the ongoing COVID-19 pandemic. Why? [98], However, according to SM, Jung had unilaterally informed them in early spring that she would leave the group after one more album. Additionally, proof to SM Entertainment pressuring broadcast stations against featuring JYJ had never been found even after investigations. [26][27] The next month, in September, SM C&C merged with AM Entertainment (which then represented top actors such as Jang Dong-gun, Kim Ha-neul, and Han Ji-min),[28] and two other TV personalities, Lee Su-geun and Kim Byung-man, announced that they had also signed with SM. That August, SM joined with Thai media company TrueVisions to create an international joint venture, SM True. Because of this instability, the entertainment industry relies on complex contracts, which usually are drafted to protect entertainment companies against economic risk. In 2015, SM Entertainment had reported revenues of KR₩325 billion (approximately US$287 million) and a net income of KR₩21.7 billion (US$19 million). This would be used for their subsidiaries SMEJ Plus and Mystic Story, as well as plans for merging their fanclubs into V Live's Fanship platform and developing more Beyond LIVE concerts. Through a press release on the 21 st of July, SM Entertainment said that the court has ruled that the the contract between the agency and the former EXO members would be … ", "SM Entertainment, JYP Entertainment join forces for Beyond LIVE Corporation", "SMTOWN@coexartium business closure notice", "SM Entertainment to build culture playground in Changwon", "SM 엔터, 'K팝 스타 양성' 교육기관 설립…2021년 3월 개강 [공식입장]", "TVXQ to Stick Together Despite Legal Dispute", "TVXQ is a 'slave contract' ... SM, 'quasi-fraud, Korea Hot Stocks – Hankook Tire, SM Ent, Ssangyong Motor, "TVXQ Fan Club Files for Compensation for Cancelled Concert", "SM Entertainment Calls the TVXQ Suit a Big Fraud", "JYJ Win Legal Battle with Former Management", "Decision on JYJ vs. SM Entertainment Case Postponed Indefinitely for Mediation", "SM and JYJ Put an End to Their Long, Winding Legal Suit", "JYJ, SM Come to Agreement Regarding Exclusive Contract Issue", "Exclusive Interview with Han Geng's Team", "SM Entertainment's official position: Han Geng has "come to a mutual agreement, and will terminate proceedings, "Han Geng's official position: "SM Entertainment has amicably agreed, "EXO-M's Kris sues SM to end exclusive contract", "SM Entertainment's lawsuit history over 'unfair contracts, "Kris And Luhan's Contract Lawsuit Against SM Entertainment Ends", Jung's Weibo update on September 30, 2014, SM States that SNSD will Promote as Eight Without Jessica, "Former Girls' Generation Member Jessica Officially Leaves SM Entertainment", "EXO Member Luhan Files Lawsuit To Leave K-Pop Group", "No Min-woo files damage suit against SM", "No Min Woo Loses Lawsuit Against SM Entertainment – Soompi", "SM Entertainment Wins Lawsuit Against Tao", "Music Awards Has Fresh Yet Disappointing Start", "FTC, SM modified the contract of exclusive contract 'recognition, "Red Velvet Re-Releases 'Happiness' MV with Edited Scenes", Television production companies of South Korea, https://en.wikipedia.org/w/index.php?title=SM_Entertainment&oldid=1007429535, South Korean companies established in 1995, Event management companies of South Korea, Music publishing companies of South Korea, Articles with Korean-language sources (ko), Articles with dead external links from February 2021, Articles with permanently dead external links, Articles with unsourced statements from May 2016, Articles with unsourced statements from April 2020, Official website different in Wikidata and Wikipedia, Wikipedia articles with MusicBrainz label identifiers, Wikipedia articles with multiple identifiers, Creative Commons Attribution-ShareAlike License, SM Entertainment Classic Label (Since 2020), This page was last edited on 18 February 2021, at 02:35. [57] The group debuted in October 2019. In early 2000, SM Entertainment agreed to share the split from 5,000 won to 500 per a share. Both groups became successful during the late 1990s. [67] In addition to the new complex, SM partnered with Jongro Haneul Education to launch SM Institute, which is an educational facility to train local and international students to become aspiring artists; the institute is expected to open in March 2021. [23] In August, SM held an art exhibition at the COEX Convention & Exhibition Center,[24] and collaborated with Visa and KB Kookmin Card to begin printing SM artist cards. [105] No alleged that SM had also interfered with his career after he had left the company, and sought KR₩100 million in damages. allkpop® is a registered trademark of 6Theory Media, LLC. and girl group S.E.S.. #5 SM. - Hyoyeon, Tiffany and Seohyun's contract on SM Entertainment will expire untill SNSD disbands. On September 29, 2014, Girls' Generation member Jessica Jung claimed in a Weibo post that she had been forced out of the group, writing: I was excited about our upcoming fan events only to shockingly be informed by my company and 8 others that as of today, I'm no longer a member. Below are the points that SM Entertainment made during their lawsuit against JYJ. Artist contracts were subsequently reduced by a length of three years, and there was a reduction in the penalties for breach-of-contract violations. In response, SM held a press conference claiming that the lawsuit was fraudulent, and filed an injunction. The concept of the 'slave contract' was blown wide open when the group TVXQ sued their label, SM, in 2008, stating their 13-year contract was unfair. © 2007 - 2021 6Theory Media, LLC. Entertainment contracts are sometimes also referred to as a booking agreement, engagement contract, appearance contract, or other. [51], In October 2018, SM partnered up with Trans Media of Indonesia, which was owned by CT Corp.[52] In February 2019, Trans Media and SM signed their Heads of Joint Venture Agreement together. UK & Ireland Finance", "SM Entertainment's next boy band to have 'unlimited' members", "S. Korea firm unveils K-pop band with limitless members", "SM's new K-pop band NCT U to debut this week", "(UPDATE) #NCT127: SM Entertainment Unveils Members Of New NCT Sub-Unit", "WayV Represents SM Entertainment's Goals For Global Dominance Through Cultural Technology", "SM Entertainment opens up-scale restaurant SMT Seoul – Pulse by Maeil Business News Korea", "[단독] SM엔터, 본사에 '엑소 편의점' 연다…지난해 말 이수만-정용진 만나 밑그림", "Why Alibaba Bought $30M Stake In K-Pop Giant SM Entertainment, Home To EXO And Girls' Generation", "SM, EDM레이블 'ScreaM Records' 설립..5월6일 첫곡 발표", "Introducing NCT: How SM Entertainment is taking advantage of digital platforms to take over the global entertainment market", "Trans Media partners up with S.M. [32] In February, SM acquired a share in Baljunso, an indie record label founded in 1991 by Kang Byung-yong. [84][85], On November 28, 2012, during a voluntary arbitration at the Seoul Central District Court, SM Entertainment and JYJ reached a mutual agreement to terminate all contracts between the two parties and not to interfere with each other's activities in the future, concluding the lawsuit. The documents from the case were requested, and the site, GOT7 get in the studio after leaving JYP Entertainment in 'Encore' MV, Contestant on newly premiered 'School Rapper 4' admits to sexual assault, to be edited out of the season, "The original is perfect already" Netizens are angry that the South Korean Box office hit 'Train to Busan' will get an American remake, "Are you gay?" Currently, SM Entertainment is embroiled in a contract termination lawsuit against Kris and Luhan. [97], The following day, Jung released a statement claiming that in August 2014 her fellow group members and SM had been positive about the launch of her fashion business, Blanc and Eclare. Thus, the three members have started to hope they will be able to continue their careers as they wish, instead of being used as tools for the agency's profits. In 2010, the Korea Fair Trade Commission (KFTC) undertook an investigation into SM Entertainment's policies, especially regarding artists' contract terms, and concluded that they were unfair. Out of JYJ's claims, only the pay not given in 2009 is recognized. Pay about 5 billion KRW (approximately 4.3 million KRW) total as a sum of 2 and 3. [66] Expected to replace it is a new "culture complex" located in Changwon, which has been planned since 2016 and expected to finish construction by 2020. After rumors that Jaejoong�was being rotated out, the five members and parents themselves requested that the contract period be lengthened. Han Geng filed for similar reasons: unfair profit distribution, and an unfair thirteen-year contract that contained provisions in SM's favor that he was not allowed to revise or end. SM Entertainment's Defense #1 Legal And Fair. It also manages actors, including Kim Min-jong, Lee Jae-ryong, Yoo Ho-jeong, Ki Do-hun and previously represented Lee Yeon-hee, Go Ara. K Entertainment (under which the girl groups M.I.L.K. Kris, whose real name is Wu Yifan, was quoted as saying, "The company has treated me like a machine part or as an object of control rather than presenting a vision as an entertainer. The company then stated that the group would henceforth continue as eight, while they would still manage Jung's individual schedule. [81][82] In early May 2010, it was announced that Jaejoong, Yoochun, and Junsu would return to the stage as JYJ under a new management agency, C-JeS Entertainment. [63] A day later, SM announced its partnership with JYP Entertainment to establish Beyond LIVE Corporation, a joint company for producing Beyond LIVE concerts. Pay JYJ the profits from 2009 that they did not receive due to the lawsuit. [71][70], In October 2020, SM announced the November debut of Aespa, their first new girl group in six years. The contract between JYJ and SM is valid until July 31st, 2009, and it is now over. [citation needed] The stock's worth contracted by 15%, hitting the maximum decrease in price KOSDAQ allows for a day, and falling to a more-than-one-year low. [57] The group's self-titled EP entered the Billboard 200 albums chart at number one, making SuperM the first Asian artist in history to top the US album chart with a debut release. JYJ had a problem with the contract that they had with SM. Launched! Also include an interest of 20% per year not paid. After graduating from California State University, Northridge in the United States, Lee Soo-man returned to Korea and in 1989 established what was then known as "SM Studio" in the Apgujeong neighborhood of Gangnam, Seoul. In February 1995, the company changed its name to SM Entertainment and set up its capital fund. Entertainment", "SM ENTERTAINMENT GROUP DAN PT TRANS MEDIA CORPORA MENGUMUMKAN DIMULAINYA KERJASAMA STATEGIS DAN KOLABORASI ARTIS PERDANA", "5 Spot Foto Lucu di Kantor SM Entertainment Jakarta", "Ada Kantor Cabang, SM Entertainment di Indonesia Bakal Gelar Audisi", "Capitol Music Group & Caroline Sign K-Pop Stars NCT 127 to Distribution Deal", "Super M, 'The Avengers Of K-Pop,' Unveiled By SM Entertainment And Capitol Music Group", "Meet SuperM, the K-Pop Supergroup That Skyrocketed to the Top of the Billboard Charts", "K-Pop Powerhouse SM Entertainment, Home to NCT 127, SuperM and EXO, Inks With CAA", "K-pop stars look to online platforms to fill gap left by canceled performances", "SM and JYP join hands to lead global online concert brand growth! [69][70] SM Classics has released three reworked songs so far: "Red Flavor" by Red Velvet, "End of a Day" by Jonghyun, and "Tree" by BoA. Artist contracts were subsequently reduced by a length of three years, and there was a reduction in the penalties for breach-of-contract violations. The profit division in SM's contract is unfair, so SM must pay JYJ the difference as calculated by the ratio JYJ wants according to the February 15th, 2007 contract (2nd revision) for all profits before and after. [53] Later, on the same month, SM opened its Indonesian office in Jakarta. [46][47] ScreaM Records opened as part of SM's New Culture Technology 2016 project, under which SM also initiated the digital music channel SM Station and a number of mobile apps. 4. On January 5, 2016, SM won one of its counter-lawsuits against Tao per the ruling of the Intermediate People's Court in Qingdao, China. She's now 22. [29] In November, KMP Holdings was acquired by KT Music, and in June 2013, KT Music absorbed KMP's distribution network.[30]. [68], On June 12, it was announced that SM partnered with Seoul Philharmonic Orchestra to record orchestral versions of popular SM K-pop songs under the name SM Classics. [38] The venture later expanded its acting division through the acting debuts of models Ki Do-hoon and Lee Cheol-woo. They released an official statement saying, "SM has ongoing lawsuits against EXO members Wu Yifan (Kris), Luhan, and Tao for violating their exclusive contracts and partaking in illegal promotions in China. in 1997, boy band Shinhwa in 1998, R&B duo Fly to the Sky in 1999, and soloist BoA in 2000. Article 1 (Purpose) The purpose of these terms and conditions is to set forth the terms and conditions under which SM Entertainment Co., Ltd. (hereinafter, referred to as “Company”) provides the membership service and members use the service after joining membership through a given procedure and stipulate other requirements. In May 2008, the SM Art Company opened under co-CEO Pyo In-bong, with a focus on producing theatrical works. Despite the lawsuit and having ceased activities as an EXO-M member, the two entertainers have continued activities in China as actors. The entertainment industry exists in a state of economic uncertainty. As for unfair contract terms, the court had agreed that SM Entertainment's contract terms were not unfair. The group made a special guest appearance on the May 30 broadcast of MBC”s “Radio Star.” At … There were five changes to the contract after this. EXO has been with SM Entertainment since their debut 7 years ago. All the artists signed under SM at the time re-contracted with the agency under the new terms. JYJ needs to pay 2.2 billion KRW (approximately 1.9 million USD) that SM suffered in damages that resulted from JYJ refusing to do schedules such as the Simcheon�Concert and the CF deals. After graduating from Seoul National University and pursuing his own career as a singer, Lee Soo Man surveyed teenage girls on what they wanted to see in music groups and started the boy group H.O.T. Instead, station PDs revealed that JYJ had never even requested deliberation for broadcast (like everyone must do), and that no one had blocked them even when JYJ was recruited for radio shows. As of early September, she claimed, they had all changed their stance, and she was directed to either close the business or cease promotions as a member of Girls' Generation. [25] That same month, Korean TV personalities Kang Ho-dong and Shin Dong-yup announced that they had signed exclusive contracts with SM's new broadcasting subsidiary, SM Culture & Contents (SM C&C), marking SM's expansion into television. [104] On July 21, 2016, Lu Han officially parted ways with EXO, although his contract with SM remains valid until 2022. JYJ had a problem with the contract that they had with SM. [36], In January 2016, founder Lee Soo-man held a conference at the SM Coex Artium, announcing plans for a new boy group, NCT (Neo Culture Technology), with "unlimited members". [33] On August 1, SM debuted Red Velvet, its first girl group since f(x) five years prior. Late that year, SM Entertainment and Avex Trax signed a contract for music licensing and an Asia agency. (Recruitment and Others) SM Entertainment Co., Ltd. (hereinafter, referred to as “Company”) complies with the regulations on personal information protection as set forth in the Protection of Communications Secrets Act, the Telecommunications Business Act, the Act on Promotion of Information and Communications Network Utilization and Information Protection Etc. It was also recognized that there is profit only after 50,000 albums were sold. Specifically, according to the 2018 audit report, all EXO and f(x)’s members have re-signed their contracts with SM Entertainment, but it … Furthermore, consumer tastes in artistic products can change quickly, thrusting certain artists or artistic movements to the heights of popularity and reducing others to obscurity. In 2005, Kim Young-min became the company's third CEO,[6] under whom several artists debuted with a view to promoting outside of South Korea. [83] The injunction was dismissed by the Seoul Central District Court on February 17, 2011, and the final decision on the case was postponed indefinitely for mediation under the justice department. In 1999, Lee created Korea's first R&B duo, Fly to the Sky, with members H… The contract between SM and JYJ is written with profit division in JYJ's favor, and therefore is valid. It was much too long (thirteen years total) and the idols felt that only the agency would benefit from such terms. [112], SM was also one of fifteen companies sued and fined by the KFTC for price rigging in 2011. SM and JYJ must not get in each other's way.
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