10:28 pm - 12/22/2011

Korean FTC Finds SM Entertainment Guilty of Interfering With JYJ's Korean Activities

Korean news program "Lee Sang Ho’s Palm News" has reported that the Korean Fair Trade Commissionhas found SM Entertainment guilty of interfering with JYJ's Korean activities for the past two years.

The report states that the investigation of the JYJ case is finished, but it must go through a review board in order to be officially published. However, the FTC has already ruled that SM Entertainment is indeed guilty, and according to Lee Sang Ho, this review is more of a political issue, and will not affect the ruling. According to Palm News, SM Entertainment will be fined for this offense. The FTC and SM Entertainment are currently negotiating the amount of said fine, which is rumored to be around 100 million Korean Won (~$87,000 USD). 

The FTC apparently raided SM Entertainment in March and collected evidence to support the case, but this was not covered by major Korean press agencies. The report showed proof of interference with JYJ's Korean activities, such as letters from the Korean Federation of Pop Culture and Art Industry (KFPCAI), and other officials.

This report was made by journalist Lee Sang Ho, who has been following this story for over a year. Included in the news report is an interview with Jung Hae Im, who was an instrumental figure in minimizing SM Entertainment's thirteen-year contracts down to the current seven years.

In an interview with Korean media, Lee Tae Hwi, head of the FTC, has confirmed the investigations, and states that an official statement will be released once the case has been finalized.

Follow up of the previous post^^
Trad will be posted when available

Source: soompi
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es2pido 22nd-Dec-2011 09:49 pm (UTC)
es2pido 22nd-Dec-2011 09:50 pm (UTC)
Lol, topped related post as well. WHAT IS HAPPENING IN THIS WORLD RN
neechee_striped 22nd-Dec-2011 09:50 pm (UTC)
it doesn't surprise me at all.
(no subject) - Anonymous
benihime99 22nd-Dec-2011 09:56 pm (UTC)
here bb
suzieeq_luv 22nd-Dec-2011 09:50 pm (UTC)
Chump Change
cher_ex3 23rd-Dec-2011 06:02 am (UTC)

I'm surprised this even happened at all. I guess SME doesn't have as much clout as I thought they did.

W/e. I'm happy for the boys.
gardenintheair 22nd-Dec-2011 09:51 pm (UTC)
benihime99 22nd-Dec-2011 10:02 pm (UTC)
taylorniw 22nd-Dec-2011 09:52 pm (UTC)
Woah now, 87k? Hefty ass fine. SM's definitely going to learn their lesson now.
shigeshoshii 22nd-Dec-2011 10:10 pm (UTC)
lolololol They'll never learn. They'll release some cute boys dancing in a box and make up the money the were fined. no big.
baka_tenshi 22nd-Dec-2011 09:52 pm (UTC)
as long as it's finally on record, i'm satisfied.
ho_snaaap 22nd-Dec-2011 09:54 pm (UTC)
good. at least /something's/ happening.
k0dama 22nd-Dec-2011 09:55 pm (UTC)
Even 7 years seems too long. It should be like 3 years.
benihime99 22nd-Dec-2011 09:57 pm (UTC)
the3rdjester 22nd-Dec-2011 09:59 pm (UTC)
suzieeq_luv 22nd-Dec-2011 10:05 pm (UTC)
lmao I love this gif xDD

Image and video hosting by TinyPic
2ne3rd 22nd-Dec-2011 10:01 pm (UTC)
SM continues to be evil
nothing new here...
captainmarvel 22nd-Dec-2011 10:02 pm (UTC)
alrighty then
apharel 22nd-Dec-2011 10:05 pm (UTC)
Scumbag SM lol.

About damn time.
luvey 22nd-Dec-2011 10:13 pm (UTC)
SM will pay it. go about their business and try again.
i think JYJ's legal team need to civil sue SMe asking for a public apology and damaged from this. it's the only way it's going to stop them from trying again. to shame them.
benihime99 22nd-Dec-2011 10:18 pm (UTC)
Even if they apologize, that would just be empty words.
And the shame won't last cause fans don't really care. They will care for a while and then a new album or else will wash away the memory of the law suit.
But SM will learn, not to be better towards their artist but to have better contract with harder NDA.

Well, let's be positive. They might change their way, but very slowly.
patentpending 22nd-Dec-2011 10:18 pm (UTC)
So does this mean they get to promote regularly in Korea now?
benihime99 22nd-Dec-2011 10:20 pm (UTC)
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