SM Entertainment rapidly addressed rising fears surrounding NCT members’ contract standing.

On July 17, SM Entertainment revealed in an announcement that NCT members’ contracts wouldn’t be ending this yr.

When we signed NCT, the contract’s phrases had been longer than standard as a result of it had stipulations taking into consideration the members’ army service in addition to abroad promotions. Although the precise date is totally different for every member, there are not any members whose contract ends this yr. All of the members’ contracts finish within the yr after subsequent.

— SM Entertainment

According to the Korean Herald, followers had change into involved in mild of YG Entertainment’s drawn-out negotiation with BLACKPINK members. NCT debuted in the identical yr as BLACKPINK, 2016.

BLACKPINK’s Lisa And YG Entertainment Are Reportedly Far Apart On Contract Renewal Terms

Netizens reacted to the information, with many expressing shock over how lengthy NCT’s contract was. After a earlier landmark ruling wherein Korea outlawed “Slave contracts,” it has change into commonplace for idols to signal 7-year-long contracts. Many followers had been involved that NCT’s contract appeared for much longer than that.

• “They must have signed for 10 years.”
• “EXO’s first contract was also for 10 years, so NCT’s contract is probably similar.”
• “It seems SM is proud of tricking the group into signing a longer contract, no?”
• “SM Entertainment adds three years to the contract if the group releases albums overseas?”
• “Seems the contracts are 7+3 years long. How are idols at other labels?”
• “For 10 years?”
• “It seems there has been another incident.”
• “The courts have already ruled that 10-year-long contracts were legal, so there isn’t anything wrong with it.”
• “????”
• “I think NCT will re-sign…”

What are your ideas?

NCT

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