EXO members Chen, Baekhyun, and Xiumin have resolved misunderstandings with SM Entertainment and have determined to proceed their contractual relationship. Below is the official assertion launched by the company.

Hello, that is SM Entertainment. Below is the joint assertion of our firm and our artists Byun Baekhyun, Kim Jongdae, and Kim Minseok (hereinafter known as the three artists). Recently, there was a state of affairs during which the corporate and three of our artists continued to lift points from completely different positions brazenly. In this regard, the three artists and the corporate sincerely apologize for inflicting concern to many who help EXO.

Afterward, the corporate and the three artists had sufficient time to debate all the problems candidly. Through this, we have been capable of resolve variations of opinion attributable to misunderstandings and attain a mutually amicable settlement.

First, whereas acknowledging and sustaining the contractual relationship between the corporate and the three artists, we determined to hold out EXO actions extra actively by way of some discussions and revisions.

We listened to and understood the ideas of the three artists and likewise conveyed our place on them intimately. The three artists have been additionally open-minded and understood our place relating to artists’ contracts. Accordingly, the corporate and the three artists promised to solidify their relationship sooner or later by going by way of a means of mutually equal discussions and corrections. In addition, we determined to cheer and help every of the three artists in order that they may absolutely show their individuality and promote in a brand new approach.

Second, there was a misunderstanding in regards to the intervention of third events. We initially acquired a report {that a} third outdoors power was approaching the three artists with unreasonable intentions, and we said that this was the principle explanation for the dispute. However, by way of this dialogue, we realized there was a misunderstanding in regards to the involvement of third events. We want to take this chance to apologize for inflicting concern with our announcement.

We and the three artists would love specific our apologies to the followers, the opposite EXO members, and those that trusted and waited for EXO, and we are going to do our greatest to repay the help of the many individuals who supported us.

Lastly, by way of this incident, we have been ready to consider the course of our development following the launch of SM 3.0, from the person concern of the artists. Thanks to the followers’ help, we wish to draw the way forward for SM 3.0, which has grown and matured. Under the modified and developed new banner of SM 3.0, we are going to additional strengthen and solidify mutual cooperation and respect with our artists. Thank you.

 

Previously, the three artists requested to terminate their contracts with SM Entertainment. They later reported that the three artists called out and responded to SM Entertainment’s allegations that they’d signed with one other label.

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