SM Entertainment announces that they will provide payment records of EXO's Baekhyun, Xiumin, and Chen
On the morning of June 5th KST, SM Entertainment announced that they will provide copies of earnings and payment records ofFollowing is SM Entertainment's statement in full:
Payment data contains sensitive information about each artist's activity details, payment rates, methods, and contract down payments, which is confidential information that cannot be disclosed to third parties such as our competitors. Further, in the case of a group, the information of other members may also be exposed, which requires added scrutiny of confidentiality.
Due to these concerns, we repeatedly sought confirmation from the representative that the three artists have not entered into any dual contracts with third parties that would violate the new contract and that the representative was only representing the three artists. But the representative remained silent.
There are many internal concerns about whether the representative can be trusted and whether there is no third-party involvement despite plenty of circumstantial evidence. - Decided to provide copies of the payment materials to EXO members with their consent that the three artists and their agents will not use the data for unfair purposes.
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