KMA Statement Explained: “NewJeans Contract Termination is Malicious!”

NewJeans announced their decision to terminate their exclusive contract during a recent emergency press conference. However, according to the Korean Management Association (KMA), this contract termination dispute from NewJeans against HYBE-ADOR is NOT valid, and, in fact, they’re even calling it malicious. The KMA is now demanding that NewJeans settle everything with their agency, HYBE-ADOR, using the proper approach. But what does that mean? Isn’t the decision legal, though? Don’t worry. We’ve broken it down for you in simple terms. Let’s dive into the details and see what’s really going on!

KMA Condemned NewJeans Contract Termination with HYBE-ADOR as Malicious

The Korean Management Association (KMA) has added fuel, turning recent contract termination from NewJeans against HYBE-ADOR has turned into a massive dispute.

On December 3, the association released an official statement condemning NewJeans’ decision as not only invalid but also malicious.

Indeed, from the law’s perspective, NewJeans has taken all the necessary legal steps to put the contract termination against HYBE-ADOR in motion. Everything they did was perfectly authorized and acceptable in the face of the law.

But what about business-wise?

In the official statement, the Korean Management Association (KMA) stated that instead of solving the problem, NewJeans only created a deeper dispute with its sudden contract termination. The KMA believes NewJeans has cornered ADOR, giving the agency no choice but to take the dispute to the court.

And this, according to the KMA, is a malicious act from NewJeans against the agency.

“When a dispute happens between an artist and their agency, the agency often ends up in a difficult position, trying to protect and maintain the contract while being the “weaker party.” 

Unfortunately, current laws don’t offer much protection for agencies in these situations. If an artist maliciously wants to break the contract, the only option for the agency is to seek compensation for damages. There are no legal ways to force the contract to continue. 

Given this, NewJeans’ approach to the situation could be seen as malicious and highly detrimental to the trust and stability that the entertainment industry relies on.”

Korean Management Association (KMA)

Who is KMA?

Now, you might be wondering—who exactly is the Korean Management Association (KMA)? Well, KMA has quite a name in South Korea’s business and entertainment industries.

Founded in 1962, the KMA has supported over 1,000 members, including major companies like Samsung and Hyundai, as well as government agencies, associations, and research institutes. They offer various services, including training, development, consulting, software solutions, and assessments, helping everyone from new employees to CEOs.

It’s been around for over 60 years, and KMA has also supported companies in the entertainment industry, helping them stay organized and efficient. Their primary goal is to ensure the sustainable growth of Korean businesses. For entertainment companies, they do it by fostering trust and mutual respect between agencies and artists.

NewJeans MUST Properly Resolve Contract Termination Dispute with HYBE & ADOR

Since the dawn of the hallyu wave, exclusive contracts have been the very backbone and crucial matter in the Kpop music industry. Over time, this contract has been through many issues, revisions, and even lawsuits to provide the best working conditions for both artists and agencies.

Therefore, when NewJeans suddenly went public and said that they had ended their contracts with ADOR just like that, the whole music industry and Kpop community were in chaos.

So, what does KMA really want?

The lengthy official statement from the KMA basically stated that NewJeans has disregarded what was believed to be the proper contract termination procedure.

Exclusive contracts in Kpop are major commitments from both the artist and the agency. These contracts involve years of hard work, training, and financial investment. So, KMA believes that when an artist decides to terminate their contract, it’s not something that should be done casually. 

According to the KMA, if NewJeans simply declares their contract terminated without going through the proper legal channels, it could cause chaos in the industry. Why? Well, the KMA points out that if artists think they can just walk away from contracts without any consequences, it could mess up the stability of the whole Kpop business.

Therefore, KMA urges NewJeans to resolve its contract termination dispute with HYBE-ADOR the right way: by sitting down and negotiating with ADOR and coming to a resolution that works for both sides, following the rules, and protecting everyone involved.

Still, do you agree with KMA’s arguments? Please share your thoughts in the comments below.

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Source: MyDaily.