No Min Woo Loses Lawsuit Opposed To Sm Entertainment

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Tao loses lawsuit against SM Entertainment
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Tao loses lawsuit against SM Entertainment

EXOs past member, Tao, lost his lawsuit against SM Entertainment in an attempt to nullify his exclusive contract.

On April 28, the Seoul Central District Court ruled to reject Taos lawsuit against SM Entertainment where he wished to nullify the contract.

Taos lawyer has argued that the contract with SM Entertainment was unfair, but SM Entertainment refuted those claims by saying,

The original proposed contract should pose no problem whatsoever because it was on pair with the regulations proposed by the Fair Trade Commission.

Former EXO Member Tao Loses Lawsuit Against SM Entertainment
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Former EXO Member Tao Loses Lawsuit Against SM Entertainment

On April 28, the Seoul Central District Court stated that it had ruled against former EXO member Tao in his lawsuit against SM Entertainment.

Tao filed a lawsuit against his former agency over issues regarding the duration of his exclusive contract with SM Entertainment, distribution of profit, discrimination, and more.

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Tao and his lawyer argued that the artists contract with SM Entertainment was unfair; however, SM Entertainment responded, The contract we used was based on a standard contract provided by the Fair Trade Commission so there is nothing that could be of issue in the contract.

Tao's lawsuit regarding reexamination of contract against SM Entertainment dismissed
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Tao's lawsuit regarding reexamination of contract against SM Entertainment dismissed

The Seoul Central District Court has dismissed former EXO member Tao's lawsuit which asked to reexamine the exclusive contract between him and SM Entertainment.

SEE ALSO: 2PM's Taecyeon discusses the topics of entering the Western market, joining the army, and more

The following is SM Entertainment's official statement:

"Hello, this is SM Entertainment.

On April 28, 2017, the Seoul Central District Court concluded the dismissal of TAO's claim to reexamine the efficiency of his exclusive contract. As a result, his entire lawsuit has been made void.

Cube Entertainment Loses Almost One Million Dollars In The First Quarter Of 2017
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Cube Entertainment Loses Almost One Million Dollars In The First Quarter Of 2017

Cube Entertainment has reported an overall loss during the first quarter of 2017.

Financial reports for Cube Entertainment were recently released and the results show that the company posted a loss for the first quarter of 2017.

Cube Entertainment posted a revenue of ₩4.673 billion KRW ($4.18 million USD) and ended up with a ₩900 million KRW ($806,346 USD) operating deficit, leading to a net loss of ₩764 million KRW ($684,498 USD).

The decrease in Cube Entertainments revenue can be attributed to the departure of BEAST, the disbandment of 4MINUTE, and the current issue over THAAD.

Jellyfish Entertainment announces Seo In Guk's medical re-examination date
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Jellyfish Entertainment announces Seo In Guk's medical re-examination date

Jellyfish Entertainment announced actor Seo In Guk's medical re-examination date and gave an update on his status.

SEE ALSO: Jellyfish updates on Seo In Guk's re-examination after abruptly leaving military service

On April 17, Jellyfish Entertainment revealed, "Seo In Guk's medical re-examination date is April 27. Please expect an official statement once the results come in."

The agency continued, "Also please understand that we are unable to reveal the exact examination location and time at this moment."