It has been previously mentioned that CreBeau, a cosmetics company in which three members of TVXQ (Youngwoong Jaejoong, Micky Yoochun and Xiah Junsu) have invested in, is planning to sue SM Entertainment on the charge of defamation. It has been said by the Seoul Central District that this would be taking place in 26 days.
TVXQ’s 3 members of our company invested as ‘SM Entertainment’s’ (exclusively) had inappropriate and exclusive contracts with non-transparent distribution of income and other reasons, as been sent to the departments concerned to terminate the contract effectively. ‘SM Entertainment’ said that we, the cosmetics company, are the culprit of this incident. The company went on to say that, "SM defamed us and distorted the truth, pushing the blame to us and this has strongly affected our business."
On the 31st of last month, the three members of TVXQ went to the Seoul Central District Court to initiate procedures to terminate the company of SM Entertainment's exclusive contractual effect.
Sources: naver news, newsen and 韩国中央日报中文网
Translation: 'jaebabyy + mel @ OneTVXQ.com ~ fin123 @ soompi
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