I got a billion won settlement...TSM immediately appeals to loss of exclusive contract dispute
Feb 21, 2025
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TSM Entertainment (hereinafter referred to as TSM) announced on the 21st that it humbly respects the decision of the court of first instance in relation to the application for provisional injunction for suspension of the validity of the exclusive contract filed by Eun Ga-eun.
Subsequently, the judgment of the first trial mainly mentions the basis for the settlement of the company, but it seems that the part provided by the company by organizing dozens of detailed settlement basis data before filing the lawsuit has not been sufficiently communicated. The first trial did not judge the fact that nearly KRW 1 billion was paid to the artist during the exclusive contract period," he said, expressing his intention to appeal.
Earlier, the court ruled that TSM would suspend the validity of the exclusive contract and the agreement signed in May 2020, judging that it was difficult to believe that TSM had excessively settled the expenses or faithfully fulfilled its settlement obligations.
Eun Ga-eun debuted in 2013 with 'Drop It' and made her face known in 2020 with TV Chosun 'Tomorrow is Miss Trot 2'. He will marry trot singer Park Hyun-ho, who is five years younger, on April 12.
The following is the full text of TSM's position.
This is TSM Entertainment.
Our TSM Entertainment humbly respects the decision of the first trial court in connection with the application for provisional injunction for suspension of the exclusive contract filed by Eun Ga-eun Singer.
In response to the decision, the lawyer in charge of the law firm, who served as our company's legal representative in the first trial, mainly mentions the basis for the company's settlement, but it seems that the part provided by the company by organizing dozens of detailed settlement basis data before the artist's lawsuit was not sufficiently delivered. The first trial did not judge otherwise that nearly 1 billion won was paid to the artist during the exclusive contract period. It would be better to immediately appeal the judgment of the first trial and explain it so that the higher court can fully understand it" is the opinion.
Therefore, we decided to follow-up procedures to show the court that the company faithfully complied with the exclusive contract and to protect celebrities from various affiliates who trust and follow the company. In the appeal, we will sincerely reveal our TSM Entertainment's actions and positions so far.
silk781220@sportschosun.com
