EXO-CBX To Hold Press Conference & Accuse SM Of 'Unfair Treatment' + INB100's Official Statement

The trio's agency has released an official statement.

On June 10, Korean news outlet Newsen released a report sharing that EXO-CBX members Chen, Baekhyun, and Xiumin will hold a press conference on the afternoon of the 10th.

According to sources, INB100 shared that a negotiation occurred after EXO-CBX had taken legal action against SM Entertainment due to unfair treatment and successfully terminated their exclusive contracts with the agency.

Baekhyun's company shared that the conflict was resolved through a negotiation, which led INB100 to be assigned as the company responsible for EXO-CBX's activities.

Unfortunately, the agency shared that SM had failed to comply with the agreement and has also demanded a 10 percent portion of its sales.

INB100 stated that due to SM's inactivity and its decision to ignore the agreement, the upcoming conference would aim to report the agency's unjust behavior. Read the statement below:

"In June last year (2023), EXO-CBX filed legal actions such as the termination of exclusive contracts and a lawsuit with the Fair Trade Commission through a joint statement with SM Entertainment.

During that time, the two parties resolved the situation through negotiations, as both sides agreed that it was important for EXO to continue its normal activities more than anything else.

According to the agreement concluded at that time, INB100 was established to carry out the activities of EXO-CBX and its individual members.

However, SM Entertainment continued to ignore the negotiated terms, which were the foundation of the agreement, and has also demanded 10 percent of the revenue from the artists' solo activities under INB100.

Moreover, INB100 has sent proof of unfair treatment, but SM Entertainment has not responded to the matter for more than two months. We intend to denounce SM Entertainment's unfair actions."

On social media platform X (Twitter), Eris reacted to the update, as many were angered by SM Entertainment's choice to ignore the agreement. Meanwhile, some were looking forward to the highly-anticipated press conference.

Read their reactions below:

What are your thoughts on this? Let us know in the comments below.

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IN CASE YOU MISSED IT: EXO Chen, Xiumin, & Baekhyun Terminate Contract With SM Entertainment, Take Legal Action Against the Company

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Written by Israel Monte