[Update] 9 members from THE BOYZ (excluding New) terminate contract with ONE HUNDRED, company refuses to accept it

ONE HUNDRED has suffered and bled artists following CEO Cha Ga Won‘s fraud scandals, and now nine members of THE BOYZ (Eric, Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, Q, Sunwoo) have terminated their contracts. A month ago they notified the company of this decision, and negotiations weren’t able to find anything that worked.

On March 19, THE FACT reported that Sangyeon, Jacob, Younghoon, Hyunjae, Juyeon, Kevin, Q, Sunwoo, and Eric—nine members of THE BOYZ excluding New—sent a certificate of contents to ONE HUNDRED CEO Cha Ga Won back in February, notifying her of termination of their exclusive contracts due to breach of trust beyond repair due to violation of their contracts. Negotiations were underway for approximately one month, but the efforts have fallen through.
Although THE BOYZ sent a request to access the contract and payment details along with the certificate of contents since February, CEO Cha Ga Won did not provide these for over a month and did not provide an explanation. In the process of negotiations, CEO Cha Ga Won counterclaimed the members’ negligence, demanding to be paid penalty fees for breach in contract if they want to terminate their contracts.

Notably, New has stayed with the company, and the report says that’s the case for personal reasons.

THE FACT further reported that member New decided to stay with ONE HUNDRED for undisclosed personal reasons. The outlet previously reported that ONE HUNDRED has yet to pay billions of won (millions of dollars) since the third quarter of last year, even taking out and using the 150 million won (approximately $100,000) in deposit money for the group’s dorm. Although THE BOYZ is scheduled to hold a concert at the KSPO Dome from April 24 to 26, the agency did not provide a practice room, leaving the members to rent out practice rooms with their own money and even paying the costs for numerous staff members.

In response, the company has refused to accept the termination and claim false info about the CEO was in the initial report.

Our company signed contracts with all 11 members of THE BOYZ and paid substantial exclusive contract fees to each member on the premise that they would fulfill their contract period as one team. However, due to various controversies involving the members last year, this premise was broken. This even led to one member leaving the team, making normal group activities difficult.
Nevertheless, we have tried to persuade our affiliated partners who suffered losses and have worked to maintain group activities despite enduring significant financial losses.
In light of this, the request from THE BOYZ members to terminate their exclusive contracts, ignoring these circumstances, cannot be accepted.
Furthermore, some of the content in THE FACT article reported today is inaccurate. We clearly state that our company maintained support for THE BOYZ, including vehicles, managers, and practice rooms, as before and expressed our willingness to continue doing so. However, the members themselves rejected this, ignoring our support.
The claim that CEO Cha Ga Won used the dormitory deposit of THE BOYZ members is completely baseless and malicious and is an outright falsehood.

Looks like we’re headed for another legal battle.

New staying with the company is one area of intrigue, while the other is ONE HUNDRED fighting this termination in some form. I assume it’s because they are basically running out of ways to pay back all the debt if they all leave as well, though I can’t imagine another legal battle will help their financial woes.

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Update

A lawyer for the nine members says the contract termination has already been completed.

The artists notified ONE HUNDRED LABEL Co., Ltd. (hereinafter referred to as “the agency”) of the termination of their exclusive contracts on February 10, 2026 due to the agency’s severe breach of the exclusive contracts and the irreparable damage to the trust relationship resulting therefrom. Accordingly, we inform you that the exclusive contracts have been lawfully terminated and their validity has ceased.

They explain the company was basically delinquent on settlements, didn’t provide support for their activities, and say they will try to find ways to involve New in the group going forward.

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