So most of us are aware of SME’s rumoured “slave” contracts that it gives to it’s trainees and performers, but all of that seems to have changed

On the 6th of July at 9AM in Room #128 at the Members’ Office Building at Seoul Yeouido Congress Hall, The Grand National Party’s committee member, Jo Moonhwan, and SM’s representative, Kim Youngmin, and SNSD’s Yuri and Sooyoung held a ‘proclamation to establish the development of celebrity contracts’

The proclamation was held to promote awareness towards fair contracts between celebrities and their licensing companies including things that were heavily overlooked in past contracts like protecting celebrity rights and also to improve the entertainment industry. Jo Moonhwan and SME have had frequent discussions on how the entertainment industry can be improved.

Since last year, Jo Moonhwan held a negative stance on the current predicament of celebrity contracts, noting how management companies are able to invade a celebrities private life. Jo Moonhwan has since developed a huge interest in celebrity rights. With the help of Jo Moonhwan, SME have drawn up a contract that also included celebrity rights, having the company’s celebrities and trainees sign it.

Commitee member Jo Monhwan revealed, “Through a lot of interest and hard work, the entertainment industry’s contract terms are slowly changing and improving. Through this proclamation, I hope more celebrities can find their rights and that management companies and celebrities can build mutual respect”

SM representative, Kim Youngmin revealed, “This proclamation provides celebrities and their management companies with a win-win situation. We’ll do our best to improve the culture industry, which causes Hanryu’s expansion, and add national value to it.

SNSD’s Sooyoung and Yuri, who participated in today’s proclamation, revealed their feelings. Sooyoung and Yuri said, “SNSD is happy to be able to participate in this exemplary proclamation. We will do our best to spread Korea’s pop culture worldwide and have it improve.”

Sooyoung said, “SNSD is happy to be at an event that is announcing improved and morally right contracts. I hope that the Korean entertainment world will keep improving as more people become interested.”

Yuri said, “SNSD will start Japanese promotions soon and we hope to spread the Korean culture through this opportunity.”

As of now future discussions will still be held to further improve celebrity contracts as promised by both SME and Jo Moonhwan. It is all aimed at the improvement of both Korea’s culture industry and well as the protection of celebrity rights.

RUMOUR: I also have heard about Kangta being there as well (since he has had contract feuds with SME it was imperative that he made an appearance) but since I can’t find a proper source, keep it as a rumour

Source:, soompi

Credits: Hyunjin808 , HEARTFACEE

Posted by: dreadtech@snsdkorean