The chairman of the board of directors of Sm Entertainment participated in the Fifty scandal

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(1)Lawyer Kim Kyu-sik, chairman of SM Entertainment’s outside board, said, “Fifty.”
(2)FIFTY FIFTY FIFTY MEMBERS SAYS IT IS RESPONSIBLE FOR DESCRIPTION OF CONTRACT WITH AGENT ATTRACT
(3)Chairman Kim wrote on his Facebook page on the 8th that since PT has not generated much sales yet, Ahn Sung-il and PT members seem to think that there is little damage even if the contract is unfairly broken, but it is a complete miscalculation
(4)In addition to the penalty, damages are paid separately
(5)Chairman Kim explained that most of the investments worth 8 billion won, including apartment rent, dance vocal lessons, record production, vehicle, clothing, and meal support, are likely to be recognized as losses, and Ahn Sung-il and PT members should be compensated
(6)Chairman Kim said the penalty clause will be revised to several times the amount of investment according to general practice, adding, “The number of cases of this type of betrayal will decrease significantly in the future.”
(7)He added, “I don’t know about the penalty, but I will find out that I have to pay a large amount of damage, and soon the members will come back to their senses.”

I think it’s really over

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