[theqoo] SM’S REP “EXO CHANYEOL X SEHUN’S TRANSFER RUMORS ARE UNFOUNDED, EXCLUSIVE CONTRACT STILL IN EFFECT”

SM Entertainment has addressed recent reports of EXO members Sehun and Chanyeol pursuing individual careers under a new agency.

On October 17, SBS Entertainment News reported that according to entertainment industry insiders, EXO’s Sehun and Chanyeol have signed exclusive contracts with a new agency founded by Jung Hoon Tak, the former CEO of the entertainment agency iHQ and an advisor to the Korea Entertainment Management Association. The report further stated that the two EXO members have reached an agreement with SM Entertainment to pursue personal endeavors with the new company while maintaining their involvement in EXO’s group activities under SM.

In response to the report, SM Entertainment has issued a statement debunking the rumors, stating, “It is not true that Chanyeol and Sehun have moved to a new agency. The contracts that EXO members signed with SM Entertainment at the end of last year remain valid, and EXO activities will continue to proceed under SM Entertainment.”

SM Entertainment further clarified, “However, in regards to the members’ individual activities, we have conditionally allowed them to proceed through their own established companies if they wish, within the terms of their existing exclusive contracts with SM.”

CR: Soompi

1. Of course they are different from Suju. Suju completed the length of their contract before leaving or making their own companies. EXO’s articles were pouring out even before the end of their contract. That’s why SM is in shambles right now and releasing articles refuting it

2. Seriously, they are really doing everything they can to get ahold of EXO

3. They really just can’t end things cleanly

4. Things just keep on happening over there… can they sort things out before releasing anything?

5. So they tried to escape and failed?

6. Seems like CBX were the ones who started to request modifications on their contracts for a separate contract for personal activities

7. Do they manage a lot of EXO’s solo activities? CBX did the same thing. They wanted to manage their solo activities by themselves

8. I did well letting go of this group. Seriously, they gave me way too much stress when fangirlingㅋㅋ

9. Can they just end things cleanly?… why are there always news about leaving -> unfounded rumors coming from them? They are honestly a legendary group but for another reason

10. You guys hated on CBX so much. What’s with this double standard?