[News] Park Jung Min - SS501′s Park Jung Min applies to nullify contract with CNR Media [12.04.12]

 credits:   allkpop.com

SS501‘s Park Jung Min has put in an official request to have his exclusive contract nullified.

Park Jung Min recently applied to suspend his exclusive contract with his former agency CNR Media at the Seoul Central District Court.

The singer has been battling with CNR Media over profit distribution, and the situation reportedly became quite difficult about a month ago.

“We agreed to divide domestic profits 8 to 2 (80% to 20%), and overseas profits 5 to 5 (50%/50%),” Park said. “But excluding last year’s payment of $135,000, they have failed to distribute the profits properly.”

Park Jung Min has parted ways with the agency, but cannot join another label as he is still under contract with CNR Media.

Source: TVReport via Nate