Theqoo
[THEQOO] "New Genes must step down from the position of terminating the contract."…Korea Economic Association also shares its position
When New Jeans announced the termination of its exclusive contract with ADOR, the Korea Management Association announced its position on the news.
The association announced its intention in an official statement on December 3rd.
“The recent dispute between ADOR and NewJeans is having a negative impact on popular culture and the arts community in many ways. The association expresses its position on NewJeans, the problems with the exclusive contract, and the public's views and gaps felt by the industry. From the perspective of an industry worker, I hope that the industry can take a step forward.
In addition, they stated that they respect “the exclusive contract between the artist and the agency based on mutual trust.” Because this trust builds over time, we believe that “just because there is a problem is not a reason to terminate the contract.”
Moreover, they said comments like this could have repercussions for the industry.
He continued, “Care is needed as the loss of contract validity due to a unilateral contract termination request can have a significant impact on the entire exclusive contract.
He added, “Whether to terminate the contract must be decided carefully, and discussions should be held on the premise of maintaining the contract.”
They determined that Newgenes was not willing to make a mutual effort to maintain the contract.
“New Jeans’ current position cannot help but be interpreted as meaning that they are not willing to make mutual efforts to maintain the contract.
Current law does not contemplate any action taking into account the company's position. If the contract is terminated in bad faith, there is no way to maintain the contract other than claiming damages. As a result, New Jeans' attitude can be seen as malicious.
Therefore, the association hopes that New Genes will withdraw its contract termination and contact the company to resolve the dispute without worsening the situation.”
Source: Theku / translation: KpopNetizen
Article: “New Genes must step down from the position of terminating the contract”… The Korea Chamber of Commerce and Industry also holds the same position.
1. Then HYBE can sue. Why do I always play multimedia content? LOL
2. Yeah, don't make a fuss.
3. When the HYBE document came out, the federation became rotten because it did not take any stance and tried to lock up singers like rats.
4. They kept their mouths shut even when internal documents were released, but what on earth are they doing now? Haha.
5. Talk about HYBoongie’s document. Stop saying such useless things.
6. But I can’t say anything about the hive lol.
7. New Jeans, fighting
8. Futahaha, how many times have you played golf together?
9. Just follow the law. Don't appeal to your emotions haha. You left as per the contract, why are you still complaining?