SM Entertainment issues official statement following EXO's Baekhyun, Chen and Xiumin filing lawsuits due to overdue payments and unreasonable deals:
“we have confirmed that external forces are approaching our artists (...) the outside forces don't really think about the artist at all, they are committing illegal acts that lure our artists to make wrong decisions and violate exclusive contracts (...) We will not sit on the movements of those who pursue the greed of money, and we will take all possible legal measures."
SM Entertainment has reportedly lost ₩200 billion (~$150 million) following news of EXO Chen, Baekhyun and Xiumin's lawsuit to terminate their contracts with the agency.