Newzins, K-pop god disturbing species, but fear's strategy to terminate the contract, and what's left is the war between Korea and Japan
Dec 02, 2024
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Newzins announced the termination of his exclusive contract with his agency, Adore, effective Nov. 29. Newzins notified Adore of the termination of the exclusive contract, saying he did not make any efforts to correct the loss of trust by abandoning his obligation to protect his artists, and said there was no need to impose an injunction or penalty for the suspension of the exclusive contract. On the other hand, Odor is trying to persuade Newzins to clear up the misunderstanding.
The artist has often filed a lawsuit against the agency to terminate the exclusive contract, but Newzins is the first to call for the termination of the contract at all. As a result, the industry is also concerned.
Newzins may request correction by setting a two-week grace period if a party to the contract violates the contract in the recently revised 『Standard Exclusive Contract for Popular Culture Artists』 by the Ministry of Culture, Sports and Tourism. If the violation is not corrected or cannot be corrected within the period, the contract may be canceled or terminated. However, if Newzins' unprecedented declaration is cited, the whole K-pop scene could be shaken due to a series of abuse cases.
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Another official said, `There are cases like this in large companies such as Hive, but small and medium-sized enterprises have no choice but to suffer helplessly. If that happens, will it be possible to foster and support artists. Even if you invest an astronomical amount of money to make children, you don't know when they will be terminated, but you can't support them by focusing more on making evidence that they didn't violate the exclusive contract."
The situation is unfavorable to Adore anyway.
Many legal professionals analyzed that there is virtually no way to prevent the termination of the contract between Newzins and Adore, and that Adore will be sued for crying and eating.
As stipulated in the civil law, the validity of the contract must be demonstrated in the adore because Newzins expressed his intention to terminate the contract.
However, even if Odor files an invalidation lawsuit for termination of the contract, it will not prevent Newzins from working. This is because if an application for an injunction for suspension of activity is filed, it reverses the position of 'I will protect Newzins', so it can give Newzins a justification for the attack.
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First of all, Adore can demand compensation for the termination of the contract against Newzins. The industry predicts that the penalty for Newzins will be between 400 billion won and 600 billion won. However, if the penalty is deemed too excessive, the court may reduce it.
Cho Myeon-seok, a lawyer representing Gate at the law firm, said, "(Doer) will file an astronomical claim for damages, but it is not something to worry about at all. I wonder if the court judges will be able to judge the amount of damage that will surprise the world." This is what Newzins expects. From Audor's point of view, he couldn't do this or that, but he cried and made a complaint. Cases like this are not won or lost by legal logic.
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However, after the existing schedule is over, he has expressed his intention to 'Do activities freely' Leaving the fan communication platform Forning, they shared themselves in a different way and expressed their desire to be with Min Hee-jin, former CEO of A-Door.
It is said that it is difficult to prevent such activities of Newzins in Odor, but 'money line' can be prevented. Seizure may be carried out on all profits of New Gene's that occur during a lawsuit to confirm the validity of an exclusive contract, a penalty, or a compensation lawsuit. In this kind of lawsuit, since the court accepts most applications for seizure in accordance with the procedure, Newgen's future activities and contracts with other agencies are also unclear.
Attention is focusing on how the unprecedented situation that shook the K-pop scene will end.
silk781220@sportschosun.com
