Asian Junkie Asian pop. Without discretion.
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 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 is 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, claim false info about the CEO was in the initial report.
Our company entered into a contract with THE BOYZ by paying a substantial exclusive signing bonus for each member, on the condition that all 11 members would act as a single team throughout the contract period. However, due to various controversies involving the members last year, this premise collapsed. This led to one member withdrawing from the team, making normal group activities difficult.
Nevertheless, we have strived to persuade our affiliates who suffered losses to maintain group activities, even while enduring significant deficits.
Therefore, we cannot accept the demand to terminate THE BOYZ members’ exclusive contracts. Furthermore, some of the reports in The Fact article is inaccurate. We clearly state that we have maintained the support provided to THE BOYZ, including vehicles, managers, and practice rooms, and have expressed our intention to continue providing for them; however, the members rejected this first, leading to a situation in which they refused our support.
In particular, we would like to inform you that the claim alleging that CEO Cha Ga Won withdrew and used the dormitory deposits is completely groundless, malicious, and clearly false. In this regard, we plan to take strong legal action against The Fact. Thank you.
Looks like we’re headed for another legal battle.
Ten staying with the company is one area of intrigue, while the other is ONE HUNDRED fighting this termination. I assume it’s because they are basically running out of ways to pay back all the debt if they leave as well, though I can’t imagine another legal battle will help their financial woes.
