Within 15 minutes of the announcement, company stocks had dropped by 9.41%, from KR₩37,000 to KR₩33,250 per share. The company then stated that the group would henceforth continue as eight, while they would still manage Jessica's individual schedule. I will cherish the many years we spent and I wish SM the best of luck in all of its endeavors." His lawsuit included the claim that S. had favoured Korean division EXO-K over Chinese division EXO-M.Manufactured pop stars are just as much investments as any other business venture.Nowhere is this truer than in Japanese and Korean pop idol culture.Korean pop (K-pop) and Japanese pop (J-pop) idols aren’t so much discovered as made at the expense of the talent agencies that sign them.Children as young as ten are scouted and, in some cases, run through a simulator that predicts what they will look like and sound like in three to seven years.Catering to these lunatics, these taxis drive at speeds of 200 kilometers per hour (124 mph) to keep up with music industry vans shuttling pop idols between destinations.
This one, though, functions as the primary residence for as many as 30 young “trainees” signed to YG Entertainment, one of three major management companies headquartered here in South Korea’s capital.
Entertainment co-publishes Avex Trax releases for artists including Ayumi Hamasaki, Namie Amuro, and Koda Kumi, as well as Johnny's Entertainment artists such as Arashi and KAT-TUN. Entertainment and set up its capital fund in February 1995 The agency developed an 'in-house' production system and produced a string of successful artists including boy group H. An intermediate court in Qingdao, China made the verdict that Tao is to repay SM Entertainment as well as interest for the delayed payment." On November 21, 2009, S. Entertainment boycotted the Mnet Asian Music Awards event, claiming reservations regarding the standard of fairness and the criteria used in Mnet's selections for award recipients. was also one of fifteen companies fined and sued by the FTC for price rigging in 2011. On August 16 the Seoul High Court revealed their verdict on the issue: "The FTC (Fair Trade Commission) has canceled all corrective orders against SM Entertainment, and the lawsuit costs will be paid by the defendant." In August 2014, after the release of the Red Velvet's music video for "Happiness," Japanese media reported that images referencing the bombing of Hiroshima and Nagasaki, as well as the 9/11 attacks, were seen in the background of the video. We will make sure not to let this kind of thing happen in the future." S. later uploaded a new version of the music video without the controversial images.
Among these lawsuits, SM filed a lawsuit against Tao for failing to repay SM on October 13, 2015. was accused of colluding with music distributors, but was cleared of the charge. Entertainment responded to the reports, stating that "after questioning the director, we found that he simply used a collage source for the images, and there was no intention behind it." The representative added, "As S. wasn't able to catch it before, we will remove the material that caused the misunderstanding as soon as possible.
in 1997, Shinhwa in 1998, and R&B duo Fly to the Sky in 1999. On the 5th of January 2016, SM entertainment won one of their counter-lawsuits against Tao following the ruling of the Intermediate People's Court in the Qingdao, Shandong, in China.
On August 24, 2015, Tao was the third Chinese member of EXO to file against S. and leave the group, being represented by the same legal team that represented former members Kris and Lu Han.