Chen, Baekhyun, And Xiumin Reportedly Notify INB100 Of Contract Termination
Chen, Baekhyun, and Xiumin have reportedly taken steps to terminate their contracts with INB100.
On 10 April, THE FACT reported that Chen, Baekhyun, and Xiumin sent a formal notice in late March to INB100 CEO Cha Ga Won, informing her of their intention to terminate their exclusive contracts while requesting clarification regarding unpaid settlements and other alleged breaches of contract. Despite allowing an additional two weeks for a response, the trio reportedly did not receive a satisfactory explanation and ultimately decided to proceed with the termination.
In response to the report, Cha Ga Won’s representatives stated, “We are working to normalise the company. We will do our utmost to resolve the situation, whether through additional investment or by using personal funds.”
INB100 is a company that Baekhyun established while preparing to become independent from SM Entertainment. In May 2024, it was incorporated as a subsidiary of ONE HUNDRED, a company founded by Cha Ga Won and MC Mong. Cha Ga Won later became the largest shareholder, overseeing INB100 alongside ONE HUNDRED and Big Planet Made Entertainment.
Prior to Chen, Baekhyun, and Xiumin, several artists under Cha Ga Won—including nine members of THE BOYZ from ONE HUNDRED, as well as Taemin, Lee Mujin, BE’O, VIVIZ, and Lee Seung Gi from Big Planet Made Entertainment—had also notified the company of their contract terminations.
Cha Ga Won is currently facing three allegations of fraud. She is suspected of signing contracts involving the use of her artists’ intellectual property and receiving large advance payments without fulfilling the related business obligations. The police are reportedly consolidating the cases and continuing their investigation.
Stay tuned for updates.
