Monday, August 03, 2009

Just when I thought things would get better :((((((((


click the CC option for the sub

Translation of the Official Press Release:

1. 5 years after their debut, the three members are physically and emotionally fatigued from the company's one-sided orders.
-Kim Junsu, Kim Jaejoong, and Park Yoochun debuted as DBSK members in 2004. Since then, they have followed SM's orders to go from Korea, Japan, to China. With the exception of 1 week for year, they were only able to get 3-4 hours of sleep and had to go through schedules. During this period, the health of the three members deteriorated and they were mentally fatigued. However, SM pushed DBSK into foreign markets which resulted in excess performance plans. In result, the three members felt that they would not be able to achieve their dreams in SM and would be just tools for the company's profit. They wished to participate in entertainment activities according to their individual visions.

2.In reality, 13 years of contract meant a contract for life.

-According to the contract, the period of the contract was 13 years, but when including military service, would exceed over 15 years. This meant that there was still 10 years to go with the current contract and in reality, meant until retirement. In the instance that the contract would be breached, the penalty would be to pay 3 times the total investment, 2 times the lost earnings. Even in the case that the contract is canceled when agreed by both parties, the members were required to pay penalty. Therefore, due to the millions of wons required by the contract upon cancellation, contract cancellation was realistically impossible and the members had no choice but to remain in SM

3. The members did not receive adequate treatment from SM for their efforts.

-Despite all this, during the duration of their contract, they did not receive adequate treatment from SM. They did not receive any earnest money from the contract, and according to the initial contract for album profit allotment clause, only when an album sold 500,000 copies, could they get $10,000 per member for the next album, and when albums sold less than 500,000 copies, the members could not receive any earnings. This clause was revised in 2009, February 6th, but even after the revision, earnings that each member would receive for the album sales were 0.4%-1% depending on the album sales.

4. The members requested for corrections to the unreasonable contract, but SM did not listen to the member's opinions.
-In this situation, the three members pointed out the unreasonable parts in the contract and asked multiple times to be freed from the contract's boundary and work according to their visions but in response to the current situation, SM discussed issues dealing with their investments in the makeup company, not responding to the true nature of the problem. Despite all this, the three members wanted to find a way to deal with the situation and requested for a conference where both parties could find a solution but SM did not respond. During this process, by the attitudes shown by SM, the three members realized that there was no point in hoping for a settlement and resorted to the court of justice to execute a solution for the problems.

5. The investment in makeup company does not have any relation to entertainment activities and does not have any relation to the applied provisional disposition. The nature of this incident is the contract.

-SM stated that the disposition was submitted due to the investment but the members' investments in the makeup company do not have anything to do with the provisional disposition. The makeup company SM discussed planned to export to China, and the three members invested as stockholders, having no relation with their entertainment activities. Just by common sense, it does not make sense that the members would give up all their efforts and results as DBSK in order to invest $100,000 to the company. The core of the problems presented by the members is contract injustice, and SM's attempts to blur the true problems by bring up the investments must stop now.

6. The members do not want DBSK to break up and just hope to free themselves from contract restraints.

-May fans are worried that the disposition would result in DBSK's break up. However, this disposition was not intended for DBSK to end. Right now, due to differences in how the members wish to overcome problems, only 3 members have participated in the lawsuit. However, there is no problems within the members and they all have the same wishes to keep their promises with their fans to always remain as one. After this incident, if contract injustice is corrected and the members are given conditions to freely perform their music, they feel that everyone can be one and can stand in front of fans as one.

7. We will take this as an opportunity to mature.
-The members realize how much DBSK fans must be surprised and be disappointed about this incident and are distressed and sorry. If the fans could think of this as a jump to bigger dreams and continue to cheer, the members promise to respond to the fans as better musicians.

Source
; translation by j. ad ore @ soompi
Original Korean source


This is really crazy. something beyond my comprehension.

It makes me sad how they were all smiley when they're in front of the camera but behind those smiles are... pain and suffering. Imagine how well they're good at hiding it.

Now there's the news about SM taking legal actions against the three. I really want to a confirmation if the news about SM's counterattack is true because if it is... well, it's definitely a bad news and things would be kind of hopeless in my opinion. If SM wanted to work it out with JaeSuChun then they wouldn't have to go so far as countersuing the plaintiffs. If both parties can't reach an agreement then I don't know what's going to happen next.

People also say that SM would be nothing without DBSK, but in actuality, maybe DBSK would be nothing without SM. (quoting someone from omona)

I really don't want to admit this... but I'm not getting a good vibe out of all this anymore.... like we're getting to the bitter end of the story? I seriously don't know anymore. I am so stressed out about the current situation. My head and heart feels so heavy. I feel nervous when a news about the situation pops up. Some may find it completely pathetic but what can I do? I've been a fan for 4 years. I've been like reading news about them, collecting their pictures, watching every show they're in, spending money on their merchandise and even traveling abroad just to see them perform for 4 years and I can't just like be cool about it. They've been a part of me for a long time and it would hurt so much if something bad results from this. I might entirely jump out of the KPOP world and exit with them.



And I don't get why...

People are saying how retarded TVXQ for signing the contract
They were young and all they wanted during that time was to be given a chance to sing :(


People are getting angry at Yunho and Changmin. Actually more hate on Yunho.
I was kind of bitter at first because I was so shocked and the idea that they are not part of the filing kind of shouts disbandment to me. But then I realized that I was wrong. We don't know what's really happening. We don't know what's the real deal between them. Yeah, I highlighted the part about how Yunho and Changmin have a different view on how to overcome the problem.

and I'm sure Yunho is having a hard time just as much.

----------------------------------------------------



Since the anouncement of the lawsuit that involves TVXQ and SM, the company stock dropped:

Yesterday Situation:

At 9:06 am yesterday, SM stock is worth for 3,715 won fell about 11.02%.



Today Situation (as drawn in the graph):

Stock fell until -10.1%, a loss of 5% on the current value. It's increase a bit from yesterday, but not much.

Kim Chang-won, an analyst from Daewoo Securities on the August 3rd said, "BoA, TVXQ, Girls Generation, Super Junior, and SHINee are non arguably most important asset of SM. If there's something happened to one of these 5 main stars, the negative impact to stock price is expected."

This made me feel slightly, idk, better? I know SM will not give in to what the boys' want immediately but if the decrease in their stocks would continue,  I'm sure they're gonna be more pressured to settle the issue asap and maybe be more lenient to the boys. *is hoping*

Yesterday I was acting lawyer-ish trying to understand the lawsuit and all the legal terms that are alien to me. I almost got the urge to ask my lawyer dad about the matter even though we're not close. Now, I'm acting like an economist who knows  how stock market rolls.

Enjoyed the lonely sky at 05:16 pm by i-vanana

jinkee
August 5, 2009   08:53 PM PDT
 
di ko kinaya ang sources..dakilang fangurl..
 

Leave a Comment:

Name


Homepage (optional)


Comments




Previous Entry Home Next Entry

Blogdrive