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Fans are alleging that the feud was orchestrated from the beginning.
Koreaboo
EXO‘s Baekhyun responded to allegations of financial foul play and shady business dealings.
Recently, a post went viral online in which a netizen uploaded suspicious findings after looking into EXO Baekhyun’s current transfer to the UN Village, an unique neighborhood within the prestigious Hannam district of Seoul.
In the submit, a netizen uploads the registration of the idol’s new abode. According to the registration, the owner of the residence is the CEO of the development firm who constructed the house, however the file confirmed a ₩13.0 billion KRW (about $9.94 million USD) mortgage taken out by an organization known as One Signature.
The netizen then uploads One Signature’s public data, which present that Baekhyun is a board government within the firm. The firm, which was integrated on May 31, listed the idol’s dwelling as its tackle. The file additionally exhibits {that a} Cha Dae Young can be listed as an government on the board.
Cha Dae Young is then revealed to be the daddy of Cha Ga Won, the CEO of the development firm that constructed Baekhyun’s dwelling and can be the idol’s landlord.
Cha Ga Won additionally occurs to be an government at Big Planet Made. Big Planet Made is the corporate that SM Entertainment alleged to have tried to poach EXO-CBX members. Cha Ga Won is alleged to have changed MC Mong, who would later be uncovered in a recording through which he instructed information reporters off-record that he certainly had tried to recruit EXO members. The netizen additionally famous that EXO-CBX had requested for his or her contracts to be terminated on June 1, someday after the incorporation of One Signature.
SM Entertainment Accuses Big Planet Made Of Attempting To Poach EXO’s Chen, Baekhyun, And Xiumin
Netizens criticized the idol en masse after the findings because the revelations appeared to level to the truth that the idol’s highly-publicized feud with SM Entertainment had been orchestrated and that any dispute with the label was premeditated. There had been additionally some netizens who felt that Baekhyun had taken out the mortgage for his firm to go public earlier than promoting all his shares in the course of the preliminary public providing (IPO).
As the criticism grew, on the night of August 7, Baekhyun hurriedly acquired on a livestream to deal with the controversy.
In the livestream, the idol claimed that there was a misunderstanding.
Seeing how the misunderstandings and misinformation had been being taken as truths, I nervous for my followers… I used to be nervous that these followers, who I like a lot, can be harm. That is why I made a decision to livestream my story.
— Baekhyun
In the livestream, Baekhyun spoke about why he had began the authorized feud with SM Entertainment.
To be sincere, I’ve at all times needed to inquire in regards to the accounting. During that point, there have been a number of incidents that occurred on account of Lee Soo Man’s absence. That made my curiosity even stronger. But there are guidelines on the label, and I couldn’t simply break them. I understood them, and so they understood me, and due to this fact, we got here to an amicable compromise. Through these adjustments, SM and I now have a very good relationship and are rooting for each other.
— Baekhyun
The idol then spoke about One Signature and revealed that he had began the corporate with dancer Kasper to supply the following technology of dancers and choreographers.
I began One Signature with my pal Kasper to supply good choreographers and dancers. Although I haven’t determined but, the corporate received’t come out as One Signature. It could have a distinct identify.
— Baekhyun
Baekhyun additionally addressed why he had taken out the massive mortgage on his dwelling and why he was dwelling at Cha Dae Young’s dwelling.
I’ve learn folks claiming that the cash I borrowed can be used for my firm to go public and that I used to be going to make some huge cash after I dumped my shares. That’s what you guys are saying, proper? But that’s unlawful. The motive why I borrowed the cash was for the promise I made myself.
I’m going to start out my very own firm. I’m going to do this whereas I’m at SM Entertainment. That cash is so I don’t change into complacent and at all times really feel burdened to do higher.
And as for Cha Ga Won, she and her father got here to know my dad and mom, and now we have since gotten alongside like household. Even now.
— Baekhyun
The idol lastly revealed that SM Entertainment is conscious of his ambitions of beginning his personal firm and that the label is totally supporting his determination.
One final thing, SM is aware of about my plans to start out my very own firm and positively helps my determination. This determination wasn’t made solely alone.
— Baekhyun
You can watch the livestream in full under.
https://www.youtube.com/watch?v=a1yyJWx0JFA
EXO
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Content Source: www.koreaboo.com