The day of unfair contracts seems to be coming to an end judging from this latest development regarding U-Kiss member, Kevin. With regards to the unfair contract that Kevin had signed with his former agency, XING Entertainment, the courts has ruled in favour of the former.
Months earlier, a new law had been passed pertaining to celebrities which ruled that that if a contract is too long or unfair in terms of the income and the amount of work someone does, the contract will be terminated.
U-Kiss’s Kevin is supposedly one of the beneficiaries of this new ruling that was passed recently. The Seoul High Court announced, “His previous company made a 10-year contract with Kevin and now the contract has been terminated.”
The court continued, “A 10-year contract is too long. It’s wrong in the context of social order. XING Entertainment was trying to keep Kevin under them for so long and they were taking rights from him. His profit was also unfairly divided.”
His contract stated:
-If albums sold over 500,000 copies, he could get 50000000 won ($44,000).
-If single albums sold over 500,000 copies, he could get 25000000 won ($22,000).
-If albums sold over 1,000,000 copies, he could earn 100000000 won ($88,000).
Most artists in Korea do not even sell over 100,000 copies of their albums, so this was a long shot. Kevin was living under an unfair contract at the time and luckily he is out of it now. Let’s just hope he has a better one with U-Kiss’s company, NH Media.
Take out with full credits.
Credits:ALLKpop
Shared By:Copycatmemory
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