park yoo-chun and others said in this statement that since TVXQ! debuted in 24, they have been carrying out activities in South Korea, Japan, China, etc. according to the arrangement of SM Company for the past five years. During the year, except for a week's holiday, they only slept for 3-4 hours every day, which seriously affected TVXQ!'s physical and mental health. However, SM Company ignored these and increased TVXQ!'s workload day by day, which made park yoo-chun and others think that if they continued to stay in SM Company, they would only become props for the company to make money and could not realize their dreams, so they decided to leave SM Company.
park yoo-chun and others also expressed dissatisfaction with the affiliation agreement signed between TVXQ! and SM Company. It is reported that according to this agreement, TVXQ! will work for SM for 13 years, plus two years of military service, and TVXQ! will work for SM for nearly 15 years, which is actually equivalent to a lifetime agreement for the idol group. Moreover, according to the agreement, if TVXQ! terminates the agreement with SM Company in advance, it will compensate SM Company for three times the total investment in TVXQ! and twice the total income of TVXQ!. The total amount of compensation is as high as hundreds of billions of won.
And although TVXQ! is the top Korean men's group, she has been treated unfairly by SM Company. Not only did she not get a penny of signing money, but she was also very unfair in the distribution of record income. Only when the last album sold more than 5, copies can TVXQ! get 1 million won per person when the next album is released, while if the last album sold less than 5, copies, TVXQ! members won't get any money. This agreement was not revised until February 6th, 29, and before that, TVXQ! members earned only .4%-1% of the total album revenue.
park yoo-chun and others said that they had tried many times to negotiate with SM Company to solve some unfair parts of the agreement, but SM Company refused to negotiate with them. Even after park yoo-chun and others filed a lawsuit, they used a completely unrelated cosmetics company as a pretext, showing no sincerity in solving the matter, so they had to choose to ask the court for a ruling.
park yoo-chun and others also clarified the rumor that the lawsuit was related to the cosmetics company in which they invested. Park yoo-chun and others said that it was true that they each invested about 1 million won for a cosmetics company, but this was only a simple personal investment, which had nothing to do with the contradiction between SM companies. From the common sense, it is impossible for them to give up TVXQ!, which has worked hard for five years, for a mere investment of 1 million won. Park yoo-chun and others stressed that the core issue of this lawsuit is the unfair treatment of them by SM company, and SM company claimed that the reason of this lawsuit was that the cosmetics company was only trying to cover up the essential reason of the incident.
park yoo-chun and others finally said that they didn't want TVXQ! to be dissolved, and that although only three people participated in the lawsuit between them and SM Company this time, it didn't mean that there was internal discord in TVXQ!, only that the members had different ways to solve the problem. Park yoo-chun and others stressed that they would do their best to abide by the agreement with fans. If this incident is solved smoothly, TVXQ! will still stand on the same stage in the future.