SM Entertainment: Last News

+25

All news where SM Entertainment is mentioned

nme.com
47%
218
HYBE, YG, SM and JYP Entertainment reportedly fined by South Korea’s Fair Trade Commission for strict purchase policies
HYBE, YG, SM and JYP Entertainment have reportedly been fined by the Fair Trade Commission (FTC) in South Korea for breaches its regulations after their stringent retail policies were investigated.According to TenAsia, he FTC announced on August 11 that it had imposed corrective orders and fines amounting KRW10.5million (approximately £5716.71) on the official retail branches of HYBE, YG, SM and JYP Entertainment: Weverse Company, YG Plus, SM Brand Marketing and JYP Three Sixty, respectively.The companies being subject to FTC’s sanctions all operate the official online retail centres for the K-pop industry’s four biggest players. According to the commission, all four companies were found to have “arbitrarily shortened the period where customers are able to get refunds on idol-related merchandise”, including albums, which it deemed a breach of its regulations.Examples of some violations include SM’s policy of having any product refunded for simple change of mind arrive at its logistics centre within seven business days of its original delivery date, despite the law stating that customers have the right to seven days from the time it was received to decide on a return.Additionally, Weverse, SM and JYP all have a policy where they would not offer compensation for lost items after 30 days from when it was shipped, despite the law permitting monetary claims within three months of purchase, among others.In response to the results of FTC’s investigation, all four companies were quick to conduct voluntary policy correction where appropriate, which allowed their fines to be reduced.
nme.com
86%
548
SM Entertainment files lawsuit against EXO’s Chen, Baekhyun and Xiumin over royalty fees
SM Entertainment has filed a lawsuit against EXO singers Chen, Baekhyun and Xiumin – also known as EXO-CBX – over the idols’ royalty fees.According to a report by Korea JoongAng Daily, SM Entertainment filed the civil suit on June 12 against EXO’s Chen, Baekhyun and Xiumin to demand that they pay a 10 per cent royalty free that the trio have allegedly been evading for two months.“CBX’s nonsensical actions cannot be tolerated anymore,” SM Entertainment said of the trio’s alleged actions, per the news outlet. The K-pop agency also claims that the EXO singer had agreed to the 10 per cent royalty fee in a contract that was signed in June 2023, following a months-long dispute.INB100, the agency that manages the activities of Chen, Baekhyun and Xiumin outside of EXO, alleged in a press conference that SM Entertainment had made “unfair” demands of the trio’s individual earnings.The trio’s representatives claimed that SM Entertainment had “defaulted on the 5.5 per cent album distribution fee it promised”, and as such, the EXO trio were not obliged to pay the 10 per cent royalty fee.Despite the ongoing row between EXO-CBX and SM Entertainment, both sides have maintained that the trio will continue to carry out their activities as members of EXO, per Soompi.SM Entertainment also confirmed that EXO are planning to release new music, adding that “there has been no further discussion about changes to the plan”.In a recent interview with NME, Baekhyun teased new EXO music, saying that “during winter, there will be something that’s coming up”.

Frequently Asked Questions About SM Entertainment

What is SM Entertainment and why is it important?

SM Entertainment is a highly searched subject that draws public interest. On our website, we regularly publish news stories covering this topic.

Where can I find the latest updates about SM Entertainment?

All breaking news on SM Entertainment can be found in our special coverage area. We update information regularly.

How can I verify the accuracy of information about SM Entertainment?

We use verified data to ensure that all information related to SM Entertainment is reliable and informative for our readers.

What are the most talked-about moments related to SM Entertainment?

From viral moments to exclusive interviews, SM Entertainment has been involved in events that made headlines around the world.

Where can I read a full biography of SM Entertainment?

You can explore a detailed biography of SM Entertainment in our special feature, which includes personal highlights and verified background information.

DMCA