No Min Woo Loses Lawsuit Opposed To Sm Entertainment

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SM Entertainment loses a lawsuit ruling over trademark usage
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SM Entertainment loses a lawsuit ruling over trademark usage

It has been revealed recently that SM Entertainment has lost a lawsuit against LG HouseholdHealth Care for using the term 'SUM' as their celebrity shop store.

The Civil Settlement Division of the Seoul Central District Court has ruled that SM cannot use 'SUM' as it can be mistaken with LG HouseholdHealth Care's brand 'su:m', "The use of a similar trademark would infringe the trademark right as it could mislead or confuse the traders and/or general consumers in regards to the source of the goods or services."

SM Entertainment Lose In Current Lawsuit
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SM Entertainment Lose In Current Lawsuit

SM Entertainment is one of the top3 largest Korean entertainment companies in Korea, so it is no surprise that they have their stars and their associated products approved before being used for anything else. Unfortunately, SM Entertainment was reported to have recently lost a case involving trademark usage.

SM recently tried battling it out with LG's Household and Care Brand S:UMdue to the similarities in their names. SM has been wanting to open a market called 'SUM' as a term to brand their celebrity shop.

Mad Town's lawyer reveals details on lawsuit against GNI Entertainment
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Mad Town's lawyer reveals details on lawsuit against GNI Entertainment

Mad Town's lawyer has revealed details on the group's lawsuit to nullify their exclusive contract with GNI Entertainment.

SEE ALSO: Mad Town sues GNI Entertainment to cease exclusive contract

On September 12, the group's lawyer, Sun Jong Moon of the law firm Sun and Partners, revealed, "Mad Town are receiving no financial, material, or human resources from their label. There are no employees at the agency, no official website, and the office space was sold. The Mad Town members have no transportation, manager, or dorm. This makes it impossible for them to do any activities, and they haven't promoted since their last album in June of 2016."

JYP Entertainment Upgrading and Relocating Their Office Thanks to TWICE
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JYP Entertainment Upgrading and Relocating Their Office Thanks to TWICE

JYP Entertainment will be moving to a bigger, better office thanks to the growing success of TWICE.

In 2015, TWICE debuted with Cheer Up and worked their way up with their chart-topping songs, TT and Knock Knock, and now with Signal. In 2017 alone, JYP Entertainment raked in ₩21.9 billion KRW (approximately $19.4 million USD) in sales and ₩3.8 billion KRW ($3.4 million USD) in business profits.

Furthermore, JYP Entertainments stocks increased by 44.77% over just 3 business days in the KOSDAQ stock market, especially after TWICEs new song Signal was predicted to becoming a mega hit.

TWICE's JYP Entertainment to Buy New Building Along with Group's Success
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TWICE's JYP Entertainment to Buy New Building Along with Group's Success

JYP Entertainment is getting a new building. And the label is mainly reaping the rewards of their artist TWICE's global earnings.

According to a report by Koreaboo, the value of the label's stocks exponentially along with the skyrocketing success of the nine-member K-pop girl group since they debuted in 2015. Based on records, the profits of JYPE doubled from last year's numbers and their business profits rose by 442 percent which is a tremendous achievement for any business.

Because of TWICE's growing popularity since they released their first single "Like OOH-AHH," "Cheer Up," "TT," "Knock Knock" and now "Signal", JYP Entertainment managed to cash in on the girls' success in the Korean and international markets. The first half of 2017 has not even finished but JYP has already net ₩21.9 billion KRW in sales profits and ₩3.8 billion KRW in business profits. This translates to a combined estimated total of almost $23 million USD.