Wednesday, May 29, 2013

[News] Park Jung Min - long legal battle with his previous label finally comes to an end [28.05.13]


Park Jung Min's lengthy legal battle with his previous label CNr Media has finally come to an end.

His current label, Yamaha A&R revealed, "Park Jung Min has cleanly closed his relationship with CNr Media. He's been exempted from all the related businesses and miscellaneous contract issues with his previous label.

Park Jung Min had filed a lawsuit towards his former label for 200,000,000 KRW (approximately $180,000 USD) in July 2012 demanding provisional disposition to terminate the validity of his contract. He had said, "When the contract was signed in October 2010, the profit was supposed to be split at a set rate. However, the balance remaining has still not been paid. The unpaid dues are estimated to reach 1.1 billion KRW (approximately $1 million USD), but the suit is only for 200 million KRW. Later on, the exact profit will be calculated and the suit will be increased as a result. The label received the request of correction about the unpaid dues, but did nothing. Because of this, the contract with them was terminated last December.

Park Jung Min agreed to the decision that he would receive what CNr Media could realistically pay him, due to their financial troubles and to terminate his contract. His lawyers said, "From the beginning, his lawsuit wasn't about receiving money but at successfully concluding his relationship with his previous label. We got to this agreement so Park Jung Min could focus on various promotions instead of focusing on long-lasting legal matters."

Now that his legal battle is over, hopefully we can see Park Jung Min more often.


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