One Hundred Rumored To Owe Millions Of Dollars In Settlement Towards Its Artists Baekhyun, Taemin And THE BOYZ, Agency Denies
One Hundred, led by Cha Ga Won, has released an official statement regarding allegations of unpaid settlement payments to its artists.
On January 2, One Hundred released an official statement addressing a recent report. Earlier on the same day, The Fact reported that The Boyz, a group under One Hundred, allegedly had about 1 billion won [$691,639] in unpaid settlements, that Baekhyun of One Hundred subsidiary label INB100 had around 1 billion won in unpaid earnings, and that Taemin of another subsidiary label, Big Planet Made, had unpaid settlements exceeding 1 billion won.
The report gained a lot of attention among fans who started wondering whether the company might be actively causing issues to its artists.
However, since the report went viral, One Hundred denied it. Below is the full official statement from One Hundred:
Hello, This is One Hundred.
We would like to state our position regarding the article published today (the 2nd) by The Fact.
The ‘unsettled payments’ mentioned in the article are matters that are currently being discussed and adjusted normally, according to each artist’s contract terms and activity status. The Fact’s report is not true, and it is deeply regrettable that it was published without proper fact-checking or guaranteeing our right to respond.
As this could damage the image of our artists, we will respond firmly through legal action.
There is absolutely no conflict between our artists, employees, and the company, and everyone is actively working. Chairman Cha Ga Won is also doing her utmost to support the artists by their side.
The growth of One Hundred, Big Planet Made Entertainment, and INB100 has been achieved through active investment.
We will hold those responsible to the very end for false reports based solely on incorrect tips from informants. We will never forgive The Fact or the informants who attempted to shake our artists and company through such reporting.
We once again emphasize that the right to reply was not properly guaranteed in this article, and we plan to immediately submit a mediation request to the Press Arbitration Commission.
The truth of this matter will be clearly revealed through legal procedures.
Source: (A)
