EXO-CBX’s Assets Seized By SM, Triggers Massive Backlash

Baekhyun, Xiumin, and Chen Face Asset Seizure as Dispute With SM Continues - K-POP NEWSWIRE

SM Entertainment has escalated its ongoing dispute with EXO-CBX, the unit made up of Chen, Baekhyun, and Xiumin. On February 9 and 10, SM placed a provisional seizure on assets belonging to Chen, Baekhyun, and Xiumin, totaling 2.6 billion won. This means SM has effectively frozen parts of the members’ properties while the legal dispute continues. A provisional seizure is not a final forfeiture. It is a legal measure to prevent someone from selli…

SM Entertainment Claims $1.8 Million From EXO-CBX, Moves to Seize Members' Homes - ZAPZEE - Premier Korean Entertainment Magazine

Credit: INB100 SM Entertainment has reportedly moved to freeze the assets of EXO members Chen, Baekhyun and Xiumin due to a dispute over contract terms and revenue sharing. Biz Hankook reported on February 11th that SM has started legal procedures to preserve the personal properties of the three artists. These include Chen’s residential lease deposit, Baekhyun’s apartment in Guri City, and Xiumin’s apartment in Yongsan, Seoul. SM is seeking a to…

SM Entertainment Freezes CBX’s Assets Worth 2.6 Billion Won Amid Ongoing Legal Dispute

SM Entertainment has frozen assets worth 2.6 billion won belonging to EXO-CBX members Chen, Baekhyun, and Xiumin over a 10% revenue dispute.

SM ENTERTAINMENT SEIZES ASSETS OF EXO CHENBAEXI IN MASSIVE SEIZURE

SM Entertainment has recently been confirmed to have seized the assets of EXO members Chen, Baekhyun, and Xiumin (CBX). The move aims to secure bonds equivalent to 10% of their individual activity revenues. Previously, CBX notified SM of their termination of exclusive contracts in 2023, citing issues such as unfair contract terms. The following year, they agreed to continue activities under a separate company on the condition that 10% of their i…

EXO-CBX’s Assets Seized By SM, Triggers Massive Backlash

Recently, it was confirmed that SM Entertainment has seized EXO-CBX's assets to secure a claim equivalent to 10% of their individual sales