Minister Yu Inchon "PFTT Tempering Crisis, Difficult Legal Regulations" New Progress Extension"

Oct 24, 2024

 Minister Yu Inchon 'PFTT Tempering Crisis, Difficult Legal Regulations' New Progress Extension'



Yoo In-chon, Minister of Culture, Sports and Tourism, expressed his position on the tempering situation in the music industry.

At a comprehensive national audit of the National Assembly's Culture, Sports and Tourism Committee on the 24th, Jin Jong-oh, a member of the People's Power, mentioned the group Fifteen Templing incident. Rep. Jin said, `The new group, which successfully debuted at a small and medium-sized agency, violated the contract because of its huge capital. Tempering issues may not only cause small and medium-sized agencies to have difficulty maintaining relationships with artists, but also adversely affect K-pop development", he pointed out.

Minister Yoo In-chon said, `It's something that the industry has to work on. It is a difficult issue to define by law. It's not the same, but I think Newzins is also an extension of this."



I also talked a lot with the actual management officials. Although many efforts have been made to improve the FA system in the field, such as studying the method of introducing it, there has been no institutional improvement. We must constantly educate and make midnight efforts."

Last year, PFT Saena Aranciokina filed a provisional injunction against its agency Attract to suspend the validity of its exclusive contract. The reason was that Attract neglected the members' health care obligations and did not settle the accounts.



However, Attract raised suspicions of tempering, claiming that external forces such as outsourcing company, Ahn Sung-il, CEO of Dougie Bus, and Warner Music Korea, were involved.

The court ruled in favor of Attract and Kina returned to Attract. In response, Attract recruited Munchanel Yewon Hana Athena, focusing on Kina, and reorganized the team into a five-member group. In addition, Saena Arancio was notified of the termination of the exclusive contract and requested compensation for damages. On the 23rd, he filed a lawsuit for damages worth 20 billion won against former Warner Music Korea CEO Jin Seung-young and current executive director Yoon Hyung-geun, who were suspected of tempering. Sana Arancio will make her re-debut as a group ablum under an exclusive contract with NSENM (formerly IOK Company) Masive ENC.



Newzins is at odds with Min Hee-jin, former CEO of A-Door, demanding Hive return to the CEO position.



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