They warned of legal action due to concerns over the damage to their artists' images.
This incident may prompt a reevaluation of the relationship between artists and the company.
[TV Daily, Kim Jin-seok] Won Hundred and Chairman Cha Ga-won have issued a response regarding allegations of unpaid settlements to their artists. On January 2, Won Hundred stated that the 'unsettled' issue mentioned in reports is under normal negotiation and adjustment depending on the contract terms and activities of each artist. They expressed regret over the fact that the article published by The Fact was inaccurate and was reported without proper verification and the right to refute. Previously, a media outlet reported that artists under Won Hundred, including Baekhyun, Taemin, and The Boyz, were allegedly owed over 5 billion KRW in settlements. Won Hundred announced that this issue could damage the image of its artists and hinted at legal action. The company emphasized that its artists and staff are actively engaged in their work, with Chairman Cha providing thorough support. Furthermore, Won Hundred pledged to hold accountable those who disseminated incorrect information regarding this matter. They reiterated their intention to file a correction request with the Press Arbitration Commission due to the lack of proper right to refute.
The official response from Won Hundred indicates that the allegations surrounding artist settlements are more than just communication issues. The economic aspect of potential damage to the company's relationship with its artists could place significant pressure on those involved. Effective communication between the artists and management is necessary to avoid disputes like this, and clearer adjustments are required. Furthermore, understanding the impact of this incident on fan trust is crucial. How fans, who typically support the activities of artists, react to such allegations could influence the dynamics of the relationship between artists and the company.
The statement hinting at legal action from Won Hundred carries more weight than just the corporate voice. It signifies an effort to protect the artists' images while also boosting trust in the company. Additionally, by pursuing legal measures, the company will seek to minimize the effects of misinformation on both the artists and its growth. Such actions serve as a reputation management strategy in the short term but could play a significant role in maintaining a healthy corporate ecosystem in the long run.
Finally, Won Hundred's pushback against allegations of unpaid settlements highlights an issue that could impact the music industry as a whole. The relationship between artists and their companies becomes increasingly complex amid fierce competition, and this incident may prompt a reevaluation of contract conditions in the future. Therefore, such events could extend beyond mere payment disputes and lead to renewed attention on artists' rights and the overall landscape of the industry.
This article is KOSTAR’s reinterpretation of a story originally reported by TVDaily.
Photo: Won Hundred
