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TVXQ's agency SM Entertainment has put forth another official statement to refute the one given by YoungWoong Jaejoong, Micky Yoochun and Xiah Junsu's side today.
SM sent their statement to various reporters at 8 o'clock on August 3rd and the content was full of points that refuted what Sejong had stated.
SM began off by responding to Sejong's statement that there was a clause in the contract that stated that unless TVXQ sold 500K copies, they would not receive a single Won from the album sales. SME stated, "TVXQ has received, from when they debuted till now, a total of 11 billion Won (9.2 billion won given during the time + 1.77 billion won given beforehand) , luxury foreign cars (bonuses with no relevance to the contract). In contrast, SM Entertainment was in a deficit for four years after TVXQ's debut. The opposition (Sejong) has disregarded the fact that income divisions from CFs, events, and other income sources differs depending on the overall economic situation. They are only focusing on one bad side of this contract instead of looking at it as a whole."
On Sejong's statements about the 13-year 'lifetime contracts,' SM stated that, "The Fair Trade Committee's seven year contract urge does not apply to singers. Also, it states that for singers who are working overseas, there is no limit to how long the contract can be. "
SM stated that, "We have been through five changes already in the contract with the members of TVXQ. And of those two, the clause regarding compensation if TVXQ were to cancel the contract was revised by the Fair Trade Committee," and "The other three times concerned the divisions of income and the first revision was January 2004 when they debuted. The next two times were in February of 2007 and 2009."
Also, in regard to Sejong's statement that, "We (Sejong) have tried numerous times to talk with SME about a compromise," SME stated, "They have only started asking for a suspension of their exclusive contract after the three members sent us a certification of contents through the firm Sejong in June 2009."
In reference to the members' statements that they were only sleeping 3~4 hours per day which resulted in bad health, SM said, "We have always compromised schedules for their health." And in regards to the cosmetic company, which Sejong stated was not the main cause of this lawsuit, SM stated, "This (the cosmetic company) is the real reason why they filed this lawsuit. This statement can be solidified by the fact that only the three members who have ties to the cosmetic company are filing the lawsuit."
Regarding TVXQ's future, SM said, "We would like to solve this problem quickly with the three members who filed this lawsuit."
Note: 11 billion won = approx $9 million
Source: [joy news + DNBN] Translation credits: jeeelim5@iscreamshinki.net Shared by: iscreamshinki.net Do not remove/add on any credits
TVXQ (often stylized TVXQ! or TVfXQ), an acronym for Tong Vfang Xien Qi (東方神起), is a quintet South Korean boy band formed under SM Entertainment in 2003.
In South Korea they are known as Dong Bang Shin Ki or Dong Bang Shin Gi (동방신기).
They were later introduced in Japan as Tōhōshinki (東方神起, Tōhōshinki) under Avex sub label, Rhythm Zone in 2005.
Their name roughly translates as "Rising Gods of the East".
TVXQ, the acronym based on the Chinese counterpart of their name, is the abbreviation officially used on all products and advertisements outside of Japan.
Since their debut, TVXQ has become one of the most popular singing groups in East Asia, gaining great popularity in such countries as China, Singapore, Thailand, and other East Asian regions.
Xiah Stage name: Xiah Junsu (Hangul: 시아준수; Hanja: 細亞俊秀) / Junsu (ジュンス, Junsu) Real name: Kim Junsu (Hangul: 김준수; Hanja: 金俊秀) Legal birthday: January 1, 1987 (1987-01-01) (age 22) Real birthday: December 15, 1986 (1986-12-15) (age 22) Place of birth: Gyeonggi
Micky Stage name: Micky Yoochun (Hangul: 믹키유천; Hanja: 秘奇有天) / Yuchun (ユチョン, Yuchon) Real name: Park Yoochun (Hangul: 박유천; Hanja: 朴有天) Date of Birth: June 4, 1986 (1986-06-04) (age 22) Place of birth: Seoul {Jongno}
Hero Stage name: Youngwoong Jaejoong (Hangul: 영웅재중; Hanja: 英雄在中) / Jejung (ジェジュン, Jejun) Birth name: Han Jaejoon (Hangul:한재준; Hanja: 韓在俊) Adopted name: Kim Jaejoong (Hangul:김재중; Hanja: 金在中) (now his real name) Date of Birth: January 26, 1986 (1986-01-26) (age 22) Place of birth: Gongju
Max Stage name: Choikang Changmin (Hangul: 최강창민; Hanja: 最强昌珉) / Changmin (チャンミン, Chanmin) Real name: Shim Changmin (Hangul: 심창민; Hanja: 沈昌珉) Date of Birth: February 18, 1988 (1988-02-18) (age 20) Place of birth: Seoul
U-Know Stage name: U-know Yunho (Hangul: 유노윤호; Hanja: 瑜鹵允浩) / Yunho (ユンホ, Yunho) Real name: Jung Yunho (Hangul: 정윤호; Hanja: 鄭允浩) Date of Birth: February 6, 1986 (1986-02-06) (age 22) Place of birth: Gwangju
