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发表于 29-6-2010 11:58 PM
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[NEWS] 100629 TVXQ's Jaejoong, Junsu, and Yoochun File a 3-Billion-Won Lawsuit Against SM Entertainment
Three members of boy band TVXQ, namely Hero Jaejoong, Micky Yoochun and Xiah Junsu, have filed a lawsuit worth three billion won, equivalent to nearly 2.5 million dollars, against major talenthouse SM Entertainment.
According to the Seoul Central District Court on Monday, the three singers brought suit against SM, demanding that they be confirmed their 13-year exclusive contract with the agency had been nullified, along with one billion won each, part of their share of profits they claim to have failed to receive.
The three had applied for provisional disposition of their contract with SM last July, saying it was too long and unfair, to which the court ruled in partial favor of, stating that SM cannot interfere with their individual activities.
This led to a halt of their activities as a five-man band in Korea and a few months later in Japan. The three then formed a separate group, signing with Japanese agency AVEX, through which they declared they would pursue their singing careers.
After giving a series of sold-out concerts in Japan just two weeks ago which they held to "express gratitude to fans," the new trio have been gearing up for their debut which is set to be produced by prominent U.S. musicians Kanye West and Timbaland.
Meanwhile, SM too had sued the three singers in mid-April in a suit worth 2.2 billion won for the damages the agency and the remaining two members, U-Know Yunho and Max Changmin, have suffered from the legal battle.
Since their 2004 debut, TVXQ, discovered and managed by SM, had arguably been one of the most successful K-pop acts in Asia with reportedly the largest fanbase in the world.
Enjoying great success in the Japanese music industry in particular, they became the first foreign artist to top the Oricon singles charts six times and placed their single and album simultaneously within the top three slots of Oricon's singles and albums chart, the first time for a foreign artist to do so in 15 years.
Reporter : Ko Kyoung-seok kave@
Editor : Jessica Kim jesskim@
<ⓒ10Asia All rights reserved>
Source: Asia Economic News
Shared by: OneTVXQ.com
[TRANS] 100629 Daewoo Says SM Possesses At Least 50 Billion Won In Cash.. The Lawsuit Is Not A Problem
Daewoo Securities Co. Ltd. stated on the 29th that although SM's stocks (041510) (12,950 Won, -3.00%) are plummeting due to the TVXQ lawsuit issue, the dip is nothing to greatly worry about.
Kim Chang Won of Daewoo Securities Co. Ltd. Research Center stated, "The current situation is a good opportunity to buy," and "SM has at least 50 billion Won in cash reserves, so they will be able to easily cover a 3 billion Won compensation lawsuit."
"Their second quarter sales will exceed the ballpark figure," and "In the third quarter, SHINee and BoA's domestic activities, Girls Generation's Japanese activities and Super Junior M's Chinese activities will reap great rewards."
Source: [edaily+Yuaerubi]
Translation credits: jeeelim5@tohosomnia.net
Shared by: tohosomnia.net + DBSGuardians Angels [INFO] The meaning of JaeChunSu gesture at Lotte ad
Are you ever curious about the meaning of this gesture by JaeChunSu at Lotte ad?
They covered half of their eyes.
We found out the meaning of this gesture through Lotte Duty Free report from Song Seung Hoon’s filming of his Lotte ad where he was also ordered to have a pose of covering half of his eyes with one hand.
Then.. what does the gesture mean?
In Korean there’s a saying “don’t sell half your eye”. This means “don’t look at others” (believe in yourself).
source: jp.lotte
trans : sharingyoochun.net
shared by: DBSKnights + DBSGuardians Angels |
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