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Chen Baek-shi announced that he will take legal action against SM for its unfair treatment so far.
1) Slave Contract Issue on June 1, 2023
I had a fight with SM over an exclusive contract issue last June.
At that time, EXO's contract was a slave contract and illegal... An external force was separating SM and Baekhyun..
There was a lot of talk
There was a lot of talk that the photo below was a slave contract.
The fact that the contract period was concluded under absurd conditions was a hot topic.
2) Establishment of personal agency I&B100 on January 8, 2024
Somehow an agreement was reached, but all members of ChenBaek left SM and formed their own agency, I.N.B.
3) June 10, 2024 Chen Baek-shi, SM accusation and press conference
Even though I started my own agency, SM is suddenly demanding 10% of my artist's individual sales.
Chen Baek-shi sent a certified letter asking what was going on, but he said there was no response for two months.
They said they're holding a press conference at 4pm today.
(The members will not attend the press conference, but only the I&B Back CEO and lawyer will attend)
There's already a lot of talk about the Chenbaekshi press conference on Deokuna Instiz;;;
Are you saying you're going to become the second Min Hee-jin?
SM also said they will release an official statement regarding the press conference.