[NEWS] Dispute finally ended – makes 0% possibility for TVXQ to be Five

Dispute finally ended – makes 0% possibility for TVXQ to be Five

The dispute regarding exclusive contract between SM Entertainment and JYJ (Jaejoong/Yucjun/Junsu) has been completed by the both parties’ agreement. This made the dispute dragged for 3 years and 4 month finally finished.

According to legal circles on 28th, SM Entertainment and JYJ agreed to finish all contracts made between the both parties as of July 31st, 2009, the date of application for injunction. Also they made agreement to withdraw all lawsuits related and would not interfere in each other’s activities. Therefore, JYJ and 2 members of TVXQ now go separate way.

TVXQ has been doing its activities as 2 members – Yunho and Changmin, and Jaejoong Kim/ Yuchun Park/ Junsu Kim have been doing both individual activities in acting career and activities as the group JYJ. It is now the 3rd year of JYJ which was formed in SEP 2010, and the both TVXQ and JYJ are having a lot of popularity in domestic and abroad.

As the conflict is completed by agreement, now there is almost zero percentage for TVXQ to be 5 members in a matter of fact. Also the both sides have already made their own ways, so it is expected that there would not be any big changes of their activities. TV2XQ and JYJ are now able to have their activities independently freed from dispute.

Jaejoong Kim, Yuchun Park and Junsu Kim made their first debut as members of TVXQ in 2004, and applied for an injunction to terminate validity of exclusive contract against SM Entertainment, the former management company, in July 31st, 2009.

http://m.media.daum.net/entertain/enews/view?newsid=20121128121714855

+) Also JYJ’s names will be removed from the list of SM artists on its financial report for stock market from this 4th quarter as now the three members of JYJ are neither TVXQ, nor SM singers any more after all contracts has become invalid. (SM has included JYJ’s names on the name of the members of TVXQ insisting they were still SM singers as the exclusive contract was valid.)

Now the past becomes ‘real’ past, so congratulations on being freed from the contract of SM!

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[NEWS] JYJ “We’ll walk the way that only JYJ can do” C-JeS comments on completion of the lawsuit

JYJ “We’ll walk the way that only JYJ can do”
C-JeS comments on completion of the lawsuit

NOV 28, 2012

Original Link: http://osen.mt.co.kr/article/G1109506440

 

The dispute between JYJ(Jaejoong Kim, Yuchun Park and Junsu Kim) and SM Entertainment has been dramatically completed by the both parties’ agreement.

C-JeS Entertainment, the management company of JYJ, released official press release through Se Jong Law Firm, the legal representative. On the press release of Se Jong Law Firm, it expressed that “the injunction JYJ filed against the former management company(SM) made monumental rulings clarifying that unfair contracts abusing the weak party’s position are invalid twice, while it was drawing such public attention”, as the background of the lawsuit.

It continued, “The previous rulings made that entertainment industry’s unfair practices wiped away and accelerated opportunities to be significantly improved. With the ruling from the lawsuit, 1) legal practices were improved in order to protect new artists, 2) the parties involved in entertainment industry became aware of the problems so that the new artists can have their activities with more freedom. We hope this broad view of agreement can help JYJ to improve even more, with the both parties mutual cooperation”.

JYJ filed an injunction to clarify invalidity of exclusive contract in 2009, and the court accepted this so that JYJ could have independent activities. After this, SM filed the lawsuit to clarify validity of exclusive contract and claimed compensation for damage in APR 2010, and JYJ also filed the lawsuit to clarify invalidity of exclusive contract against this. However, the court favored in JYJ’s side after rejected SM’s objection against JYJ’s injunction and ordered indirect order to pay for its interferences in JYJ’s activities.

Chang-Joo Back, CEO of C-JeS Entertainment, added that “We always thought that this was a winning game since the court accepted JYJ’s injunction[in 2009]. The current disturbance happening to JYJ’s activities are not about legal disputes, but being a David and Goliath contest, therefore, we do not think that our plans will be dramatically changed after the ruling”.

He continued, “We are walking the path that only JYJ can do and also will continue as we planed in the future. We hope that this agreement would make improvement for some cases which were regulated by way of making excuse from the lawsuit. Also we would like to express our sincere appreciation for fans in Korea and abroad, who send everlasting support for JYJ so far”.

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[NEWS] JYJ Finishes legal dispute with SM – “Won’t disturb each other’s activities”

JYJ Finishes legal dispute with SM – “Won’t disturb each other’s activities”

NOV 28, 2012

Original Link: http://news.nate.com/view/20121128n12127

The group JYJ (Jaejoong Kim, Yuchun Park and Junsu Kim) has got free from SM Entertainment.

The dispute between SM Entertainment and JYJ has been completed based on mutual agreement , 3 years and 4 months later since it started.

According to legal circles, SM Entertainment and the three members of JYJ agreed to finish their all contracts based on the date of July 31st, 2009. Also the both parties made written agreement containing that 1) the both would cancel all lawsuit filed against each other, 2) will not disturb any activities against each other.

Jaejoong, Yuchun and Junsu who debuted as the group TVXQ in 2004, filed a lawsuit to clarify invalidity of exclusive contract on July 31st 2009 and have had their activities as JYJ since Sep, 2010.

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[NEWS] C-JeS Wins a lawsuit filed by Asia Bridge Contents in 2010

C-JeS Wins a lawsuit filed by Asia Bridge Contents in 2010

NOV 24, 2012

Original Link : http://news.nate.com/view/20121124n02682

JYJ’s management company faced a lawsuit regarding refund of 1 billion KRW of production cost filed by an album distributing company, but the court found in JYJ management’s favour.

On 24th NOV, Seoul Central District Court Civil Department 36 (Chief Prosecuting Attorney: Hyo Chae JUNG) ruled against the plaintiff, Asia Bridge Contents, who is the album distributing company filed the lawsuit. The company filed a lawsuit against C-JeS Entertainment, insisting that C-JeS has to refund production cost and share profits

Asia Bridge Contents paid 1 billion KRW to the company ‘K’, who made album production contract together with C-JeS in APR 2010. And the following SEP, it filed a lawsuit insisting ‘They[K Company] hasn’t paid back the money paid in advance and C-JeS is also bound to joint responsibility to refund money paid because it was a contract of partnership to co-produce the album with ‘K’.

However, the court judged that “K Company was just invested the amount prepaid independently from the plaintiff in order to fulfill its financial obligation agreed with C-JeS, such as production cost”. It also added, “This can be acknowledged that a member of partners owed a debt to fulfill his/her financial obligation for the copartner, therefore the money is K Company’s personal debt. Thus, Asia Bridge Content’s claim insisting its money prepaid is debt of the partnership cannot be recognized”.

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[NEWS] JYJ, Is there anything you can’t do?

JYJ, Is there anything you can’t do?

Nov 22

Original Link: http://news.nate.com/view/20121122n03956

The group JYJ is drawing public attention with omnidirectional activities including not only films and dramas but also world tour concerts.

The members of JYJ – Jaejoong Kim Yuchun Park and Junsu Kim are showing off their talents as each of them is doing film, drama and world tour at the same time. Not like other groups who normally start members’ individual activities after group activities finished, all of JYJ members are standing out in each own field at the same time.

The most noticeable member is Jaejoong Kim. Currently he is meeting audience with his screen debut film ‘Code Name: Jackal’ and played a comic role which he has not done before, as a topstar who is kidnapped in the film. It seems that he became more familiar to the public after breaking from former serious characters he played in ‘Dr. Jin’ and ‘Protect the Boss’.

Yuchun Park is challenging melodramatic performance in ‘I Miss You’, MBC WED/THU primetime drama currently being aired. He has been appearing since NOV 21 after the youth parts finished and showed performance as a  police detective who has wounds of the first love in youth. ‘I Miss You is his first serious melodrama as he used to work for romantic comedies in the past. His new challenge is highly expected as he has been recognised well among actors from background of singers.

While Jaejoong Kim and Yuchun Park are leaving music career at the moment, Junsu Kim is taking over the role of a singer instead. The award winning star is due to have a solo concert in Oberhausen, Germany on Nov 30. He is the first Asian singer performing in Oberhausen

He released a solo album ‘Tarantallegra’ in May and toured successfully in Thailand, Taiwan, China, U.S.A. and Mexico. The tour in Germany is his final stage of the world tours of 8 months.

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[Interview] Jaejoong Gives pecks when he sees Yuchun and Junsu? – check on his interview

[Interview] Jaejoong Kim “I give a peck when I see Yuchun and Junsu Who I’m always thankful and sorry for.”

NOV 21, 2012

Original Link: http://news.nate.com/view/20121121n07409

This man has everything that millions of women would fall in love with – fierce eyes, chic tone of voice and sweet appearance. Perhaps this is the reason why Jaejoong Kim has been the most desired target by Sasaeng[stalking people] through his entire career. Regarding this, he is a rare person even among celebrities. And he challenged the first cinema-debut on the film ‘Code Name: Jackal’ which reflects some incidents that he might have actually experienced in reality. The film is about a kidnapping story of a legendary killer and top star, but the incidents shown on the film attract our eyes as it seems to be something he might have really experienced.

Then how did he feel while he was shooting the film?

“Sasaeng? Oh you can say I know all about it. (laugh) The things I actually experienced among the incidents in the film were stalking people and heart-breaking love in the past. The reality is even worse than you could imagine, so I can even say that the stalking-girl in the film is just a cute case. So I enjoyed it! Cause I needed to make it more fun” (Jaejoong)

‘The stalking-girl in the film is just a cute case’ – I could feel how much he has been suffering from Sasaengs without hearing a word. Despite of these facts, he chose ‘Code Name: Jackal’. It was inevitable to ask what made him choose this film.

“Because it was a comedy, not a serious genre and the character was not something I’ve done before. Also the fact that Jihyo Song was cast as a heroin effected me a lot. So I read its scenario again, and decided to accept it.” (Jaejoong)

Of course there is something more desired as it this is his first screen-debut. He had physically hard time because he was working for MBC drama ‘Dr. Jin’ during the same period of the film together. “It left me much to be desired as it was my first film”, added Jaejoong. Nevertheless, he expressed that he was satisfied as the film made him find another side of himself. He chatted about his personal desire – “I think my face seemed to be too big on the screen!”

It seems that he had feeling of thrill and desired at the same time with the word ‘first’, because it gives such a lot of meaning to everyone.


He expressed that thankful things he really appreciated during this journey were his members of JYJ – Yuchun and Junsu who have always stood by him every time he had hard time. He smiled a lot while he was talking about the members with so-called ‘Daddy’s Smile’, saying their friendship became even stronger while they were passing through a lot of difficulties together. He said that he feels even more proud of the members these days when he sees Yuchun and Junsu doing so great as an actor and solo singer after much meandering.

“They are real professionals when they are in own field alone, but there is nothing changed when we are together because we’ve been together for almost 10 years. Especially, even though I’m the oldest, they seem to have grown a lot! (laugh) We are busy with individual activities these days, so it’s just so good and full of laugh when we meet together. I don’t know since when, but I tend to give them pecks when I drink. (laugh) Junsu is really adorable and Yuchun is so too. I can’t say how handsome they are.. Well some people become less looking when they grow old, but look how the two boys have grown up so well! I always feel thank for them as well as sorry for.” (Jaejoong)

He was just full of smiles as if he think about his lover. He laughed aloud, saying “What if people become to think I’m gay? Haha.” – of course in terms of that the members are so precious to him.

He have stepped into film industry with ‘Code Name: Jackal’ and have a long way to go yet, but he is not lonely – Because he is with Yuchun and Junsu who will be walking with him together.

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SM Strikes into Earning Shock leading to fall – Analysts in panic

SM Strikes into Earning Shock leading to fall – Analysts in panic

Nov 14, 2012

http://m.news.naver.com/read.nhn?mode=LSD&mid=sec&sid1=101&oid=366&aid=0000090504

SM Entertainment (CODE 041510) showed earning shock [economic performance shows a lot lower than expectation]. Its business profits in this third-quarter were below analysts’ estimated profit – which were less than half of estimated figure.

SM submitted its report of this quarter to the Financial Supervisory Service at 14:12 without any public announcement. According to the report, its business profits for third-quarter was 11.7 billion KRW. It was more than the last third-quarter, but a lot less than expectation of stock market. Analysts had estimated its third-quarter’s business profits to be 20~23 billion KRW.

The stock price responded immediately. It started to falling slowly right after its report, and hit the floor of the lower limit at 14:25.

[irrelevant part omitted]

Analysts at stock firms are in a state of confusion and it is known that a shower of enquiries and complaints are coming from institution investors. “We haven’t even seen the official report yet, but everyone is in panic as there are telephone calls without a break. We are not able to find out exactly why SM had such Earning Shock at the moment”, appealed a [anonymous] analyst at a firm.

It has been known that SM explained about the reason of this Earning Shock is because of a big production cost of TVXQ and Super Junior’s Arena Concerts. However, general experts insist that SM’s explanation cannot be an underlying reason. “There might have been some [serious] problems in the company because it is just too lower than expected” – commented another analyst.

SM insisted that TVXQ and Super Junior’s concerts were the reason of its bad economic performance, but it used to be considered as one of the most favourable factor of SM as most analysts estimated that “Its profits of the 3rd quarter will be  drastically increased because the results of the Arena Tour will be reflected in 3rd-quarter, not 2nd-quarter”, because about 1 million people were expected to come to the concerts in Japan in this half-year.

Due to SM’s Earning Shock, other entertainment stocks turned into a sharp fall. YG Entertainment decreased by 13.86%, JYP Entertainment, PAN Entertainment and Chorokbaem followed by 4~8%.

_____________________________________________________________

SK Stock Firm added, “The reason of its sharp fall is caused from a lot of difference between the market’s estimation and actual business performance. The problem was that the production cost of TVQX concerts which were known to attract half a million people became too high”.

“A company like SM, its estimated profit tends to be entirely depends on what the company says. How are we supposed to believe it in the future, after announcing less than half the business profits of the market’s expectation?”, commented a analyst at another firm.

_______________________________________________________________________

+)

-Minus 14.88% in a day, after earning shock-

– Entertainment stocks are more like ‘a house of cards’ in Korea, because so-called ‘K-POP invasion’ is actually inessential figure if you know how SM tried to exaggerate it by using media,  to make it as if  they conquered the world. (Think abt who is really conquering the world as a Korean singer at this moment! :P)

– Korean entertainments’ overstated media-fuss is directly related to their stock prices. They have to keep the price as much as they can, whatever it takes, with every possible way because only media-fuss can make people deluded by slick marketing.

– Therefore, it always could decrease drastically as soon as any reality is revealed. (well, which I welcome the most)

– Also it could reflect that there is no enough cash-flow at SM, based on the situation  that SM risks its neck to its stocks. (Actually SM is just lying in the court, insisting that it did nothing bad so cannot give a penny to JYJ for the compensation for damages from the lawsuit to clarify invalidity of its exclusive contract. -the compensation was set 3 billion KRW-. )

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