credits: allkpop.com
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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