[News] Park Jung Min's former agency refuses to accept the court's decision over termination of contract

Credit en.korea.com

On 9th August, Korean singer Park Jung Min’s former agency CNR Media, released statement via report, expressed that “The company and legal affairs correspondent HwaWoo will not accept the court’s decision, therefore lodged a counter appeal”.

According to CNR Media, in 2011, company’s total revenue estimated around 1.1 billion won, pre-paid Park Jung Min 400million won to sign the contract. Also, in early 2011, the company has paid 150million won, said to be the highest pay among artist of the same level. However, towards the payday for second half of 2011, Park Jung Min asked for 80% of total revenue, which amounts to more than 700million won.

For this, CNR Media person-in-charge expressed, “This is too much to ask, this is asked in order to terminate his contract with the company. Although Park Jung Min filed a lawsuit against the company with the reason of unfair payment. However, even if the company was to come to an agreement, but was unable to meet his need because the amount he asked for is way different from the actual pay.”.

Furthermore, Hwaboo who is the in charge of legal affairs at CNR Media, also expressed that, “In this matter, the artist’s request was too much, the company’s payment was reasonable, but still he filed a lawsuit to terminate the contract, without giving an attempt to settle the affair with the company, and has started activities on his own. Therefore, we refuse to accept the court’s decision in terminating the contract, thus decided lodge a counter appeal. Also, we have many related supporting documents.”.

CNR Media official also revealed that because Park Jung Min said to the media, “Park Jung Min only works, but did not receive money”, has caused a great loss to the company, hindering the company to continue it’s business in entertainment industry.

Park Jung Min signed a 3-year contract with CNR media in October 2010, filed a lawsuit to terminate contract in April 2012. On 31st July, Seoul Central District Court has ordered the appeal for termination of contract to be valid. CNR then released an official statement and to lodge a counter appeal over the court’s decision.