EXO CBX
CBX (Chen, Baekhyun, Xiumin) also leave the fold of CHA GA WON.
According to the results of the investigation on the 10th, the singers CHEN, BAEKHYUN and XIUMIN sent, at the end of March, a formal notice to CHA GA WON, representative of INB100, notifying the termination of their contract while demanding a response regarding unpaid dues and contractual violations. More than two weeks have passed since the request for a response, but the members of CBX have not received a satisfactory response.
INB100 is the company that BAEKHYUN established while preparing his independence from SM ENTERTAINMENT. Subsequently, in May 2024, it was absorbed as a subsidiary of ONE HUNDRED, founded by the representative CHA GA WON with MC MONG. Since the representative CHA GA WON became the majority shareholder, she has led INB100 alongside ONE HUNDRED and BIG PLANET MADE ENTERTAINMENT.
However, although she received tens of billions of won in advances by signing large-scale contracts using the intellectual property of CBX, the representative CHA GA WON plunged the company into a state of total capital decomposition. It has been identified that the unpaid dues owed to CBX also amount to several billion won. Moreover, as the fees were not paid to partner companies and staff, CBX find themselves in a situation where it is difficult to conduct normal activities.
On this subject, the camp of the representative CHA GA WON stated: “We are making efforts to normalize the company. We will try to resolve the problem by obtaining additional investments or even by using personal funds”.
Before CBX, the group THE BOYZ belonging to ONE HUNDRED led by the representative CHA GA WON, as well as TAEMIN, LEE MUJIN, BE’O, the girl group VIVIZ and the singer and actor LEE SEUNG GI belonging to BIG PLANET MADE ENTERTAINMENT, successively notified the termination of their exclusive contract and left. There are now almost no singers left within the division of the representative CHA GA WON.
The representative CHA GA WON is currently being prosecuted for three counts of fraud. She is suspected of having signed contracts using the intellectual property of the singers of her agency and of having received large sums of money in advance without having completed the projects. The police are conducting an investigation by grouping the relevant fraud cases.
Journalist: Shawn
Translator: Shawn
Source: SNS EXO, INB100
