EXO's Chen, Baekhyun, Xiumin Leaving INB100?
ChenBaekXi's side, regarding the termination of exclusive contracts with INB100, stated through INB100 CEO Cha Ga-won, "We are currently working to normalize the company and will resolve the issues through attracting additional investment or personal funds." It is known that ChenBaekXi sent a certified letter to CEO Cha's side at the end of last month, notifying them of the termination of their exclusive contracts.
INB100 is a company established in January 2024 by Baekhyun, who left SM Entertainment, and was absorbed into the subsidiary of CEO Cha Ga-won's One Hundred in May of the same year.
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Currently, artists from One Hundred and its subsidiary labels Big Planet Made Entertainment and INB100 are leaving the company one after another. This is due to the non-payment of settlement funds, which led singers Lee Seung-gi, Lee Mu-jin, and the group The Boyz to notify the company of their exclusive contract terminations, citing a breakdown in trust.
Meanwhile, lawyer Hyun Dong-yeop, CEO Cha's legal representative, stated, "For the normalization of the company and the protection of artists, we will take all civil and criminal legal actions with a zero-tolerance policy against the spread of false information and defamation."
