โA promise of every day with you
My heart will sing forevermore
My love song to you, dear my boyโ
Happy birthday, Sehun.
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ARTICLE ๐ฐ | 260410 [Exclusive] BAEKHYUN (+ XIUMIN & CHEN) to Leave INB100, Notifies Cha Gawon of Contract Termination
๐ https://t.co/pcpPzNjd9y
On the 10th, an investigation by The Fact revealed that singers Chen, Baekhyun, and Xiumin sent a certification of contents (legal notice) to Cha Gawon, the representative of INB100, at the end of March. The notice demanded answers regarding contract violations, including unpaid settlements, and notified the company of their intent to terminate their exclusive contracts. Although more than two weeks have passed since the request for a response, CBX has reportedly not received a satisfactory answer.
INB100 is the company Baekhyun established while preparing for his independence from SM Entertainment. Later, in May 2024, it was absorbed as a subsidiary of One Hundred, a company co-founded by Representative Cha Gawon and MC Mong. Since then, as Cha became the majority shareholder, she has led INB100 alongside One Hundred and Big Planet Made Entertainment.
However, it has been revealed that while Representative Cha signed large-scale contracts using CBXโs Intellectual Property (IP) and received tens of billions of won in advance payments, she drove the company into a state of complete capital impairment (where liabilities exceed total assets). The unpaid settlements owed to CBX are also understood to reach billions of won. Furthermore, because costs have not been paid to partner companies and staff, CBX has been placed in a situation where it is difficult to carry out normal promotional activities.
Regarding this matter, a representative for Cha Gawon told The Fact, "We are working toward the normalization of the company. We will make efforts to resolve the issues by attracting additional investment or even by using personal funds."
Prior to CBX, a string of artists have already notified the company of their contract terminations and left, including the group The Boyz from One Hundred, and Taemin, Lee Mujin, BE'O, the girl group VIVIZ, and singer-actor Lee Seunggi from Big Planet Made Entertainment. Currently, there are almost no singers left under Representative Chaโs umbrella.
#EXO #์์ @weareoneEXO@BAEKHYUN_INB100@CHEN_INB100@XIUMIN_INB100
Pure and resolute, quiet yet resonant.Time speaks little, yet writes its answer in each otherโs gaze. The future stretches far ahead. White is the most inclusive hue, ready to be painted with any scenery we desire.
Together with Boss @layzhang, letโs keep writing our storyโlonger, brighterโso every moment we stand by one another becomes the strength to move forward!
#LAY #LayZhang