Shared by: JYJ3
Shared by: JYJ3
Park Chang Jong, a progressive politician and lawyer who works for human rights and minors in Korean society, tweeted about international fans’ petition:
JYJ(Dong Bang Shin Ki). More than 86,000 foreign fans submitted a petition to the Fair Trade Commission requesting that [JYJ’s] entertainment activity rights be guaranteed and respected. Even after the ruling that their entertainment contract is invalid, the fact that their media appearances keep getting canceled or blocked is tantamount to spitting on the law. Korean government and media outlets, uphold the rule of law!
Translation Credit: Jimmie of TheJYJFiles
Shared by: JYJ3
JYJ3’s Note: The Admins are working on a more detailed post, but here is a preview of what is to come. ^^
1) On the issue of the Net Profit of 14.7 billion KRW (approximately 14.7 million USD) in 2008:
SM: Of that, the portion from TVXQ was only 1 billion KRW. The rest came from BoA, CSJH (Chun Sang Jee Hee), and The Trax.
JYJ’s law firm: Wow, so CSJH must make more money in Japan than TVXQ!
2) On Expenses:
From The Nameless Song Part 1:
…Finally one day we had claimed #1, what we’ve desperately longed for.
That day had come.
From then on, everything started to go well.
Profits reached hundreds of thousands, swept every award and we really felt our success.
Finally we heard that we had hit it big, had raised profits beyond our imaginations
With spring in our steps we went to the company on our pay-day.
Each teammate looked at each other with excited eyes.
We praised each other, that we had worked hard.
On the accounting statement we received, our performance was in the Minuses.
When I checked again, thinking that I had mis-seen– Everything was expenses.
Damn. All of the so much that there was, had slipped out as expenses.
Just what kind of expenses were they, to make so much that there was fly away, to where?
Today’s Hearing revealed that the “Expenses” that members had to pay for included everything,
from snack costs and the SM Executive and Staff’s Gas Money and Parking Fees.
Immediately after the hearing was over, articles like the below were plastered all over the Korean web:
Investor in JYJ Concert Sues Rights-Holders for Fraud
The Plaintiff Park XX sued Kim XX and C-JeS’s Director Paek XX, Warner Korea’s Director Whang XX, and others for fraud in Seoul Central District Court.
Park revealed in his complaint that “The Defendants conspired to deceive me and defrauded me of my wealth and so I sue.”
According to Park, the Concert Rights to the “JYJ Show-case Tour 2010” of last year was transferred from C-JeS to Warner Music Korea. After that, it was transferred multiple times and (in the end) reached Kim XX.
Park said that “(he) was interested in the concert industry and from the introduction of a friend first met Kim XX. Kim said upon our meeting that he has the Concert Rights and that if [Park] invested, [Park] could make a very large profit, and recommended enthusiastically that [Park] invests.”
According to Park, he followed Kim’s advice and started to deposit money from October 7th of last year, and drafted an official contract on October 14th. The 5 locations of the concerts were Hong Kong and the USA’s Seattle, New York, San Francisco, and LA. The invested funds were to be used entirely for the concerts, and the budget for the cost of the concerts were to be notified (to Park) in advance. At this, Park invested 1,244,850,000 KRW (approximately $1,244,850).
Park said that “(he) requested proof of the details of the use of funds around October 20th of ast year. But Kim kept pushing it back with excuses of being busy.”
Park also argued that “contrary to what Kim said about his company’s state, Kim’s company had a lot of debt. It’s also been confirmed that he had intention to use the profits from the concerts to repay his debt.”
Park said: “Kim used a company that was already a dissolved company for tax purposes to contract, and he also concealed the fact that he has a debt load of billions KRW when we entered into the contract. Even the profits from the concert of 350,000,000 KRW(approximately 350,000 USD) were collected by the creditors and [Park] suffered harm doubly and triply.”
Park explained the reason for his suit in his complaint: “JYJ held a for-profit concert in Hong Kong on October 24th of last year. But the concerts in the 4 locations in the US, due to the fault of the C-Jes, were non-profit, not for-profit. The defendants did not provide a clear explanation [to Park] even though the schedules and the locations of the concerts were changed. Also no one informed [Park] of the above with official documents. [Park] did not recover one cent from the investment.”
To summarize, C-JeS transferred the concert right to Warner Korea, who transferred it to others, who eventually transferred to someone named Kim XX.
Kim XX, according to Park, told Park that the concert rights were a good investment and that Park should invest in them.
Park alleges that Kim defrauded him.
Please notice that C-JeS and Warner Korea are not involved in any way in this. By the time that Kim met Park, the concert rights did not even belong to C-JeS or Warner Korea. It belonged to Kim. This was a deal that was strictly between Park and Kim. It is unfortunate that Park decided to drag C-JeS and Warner Korea into this by naming the companies as co-defendant and extremely convenient for SM that the stories are being circulated moments after the JYJ-SM hearing is concluded.
The details from today’s hearing will follow shortly. According to accounts, it was quite disastrous for SM and the worst of the hearings (for SM) so far.
There has been some controversy in the Korean fandom regarding the White Day Fan Meeting because it was revealed that some of the attendees who initially appeared to be regular fans had not actually themselves purchased the tickets yet sat in premier seats.
C-JeS posted an announcement, which we reproduce below. The translation also follows.
Announcement on the JYJ Fan Meeting Invitations
Hello.We thank you for the support that you have shown for the First Fan Meeting “Sweet White Day Date” from JYJ (Jaejoong, Yoochun, Junsu). Because of you fans who are always looking over (us), we were able to carry out the event with success.
On the Tickets for the Fan Meeting, we (would like to) explain the controversy regarding the invitations.We have sent out a minimal number of (tickets as) invitations to the media and production affiliates and others who had extended help towards JYJ’s domestic activities in appreciation and in invitation. In doing so, we have confirmed that while some of those who received the invitations themselves viewed the event, there were also others who had gifted those tickets to their friends.
To those Members (of C-Jes Membership) who wished to participate in the Fan Meeting but could not acquire a ticket, we ask for their understanding because those invitation tickets were unavoidably needed for JYJ’s activities. From now on, we will work harder to communicate more with JYJ fans and so to visit you more frequently (as a better agency).
Over the past few hours, these are the updates on the boys’ twitters.
Jaejoong tweeted “Good night” in Japanese:
And Junsu changed his profile picture:
Our boys are such dears!
Source: @mjjeje; @0101xiahtic
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