Boom (Lee MinHo) has been known to have lost a lawsuit with his previous management company in a court battle regarding contract termination. And he has to compensate an amount of 400 million KRW for loss from contract termination to the company.
An official from Seoul Central Court said on 23rd August, “The defendent will have to pay 468 million KRW.”
Boom has been signed on with The Show Entertainment from 2005 to 2010 and the contracts include exclusive belonging rights terms, and last July, Boom has revealed that he suffers from unjust taxes, unfair distribution of profits for album sales, loss of image through forced participation in night businesses.
With that, The Show Entertainment has filed for a lawsuit last December on loss from unilateral termination of contract on Boom’s side.
The trial department said, “There is no evidence proposing the 60% profits distribution in the exclusive belonging right terms from the calculations given by the defendent. Hence it is hard to acknowledge the reasons for the defendent’s termination of contract.”