[NEWS] o831o9 DBSK's Japanese Income; Members Received about "150 Milllion Won"

Korean currency:
150 million Won = around $120,000 dollars*

DBSK received only $120K in 4 years. This means $30K per year....thats equivalent or less than what a low-income, labour job earner gets in America!

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Income was divided in the order of Avex-SM Japan-SM-Members... SM Double Acquisition Controversy.

An argument that five member group DBSK, who are currently in a legal dispute with their agency over their exclusive contract and inexact income divisions, earns an extremely low income from their Japanese activities has been put forth.

An influential acquaintance of the three members who are locked in this legal dispute (YoungWoong Jaejoong, Micky Yoochun, Xiah Junsu) stated, "The amount of money DBSK has earned from when they started their Japanese activities in 2005 till now is a little over 150 million Won per member."

This is the first time DBSK's Japanese activity income division has been referred to in detail.

He explained the income division process in detail saying, "A portion of the money DBSK earns from their Japanese activities goes to their Japanese agency Avex, and some of it goes to SM Japan. The rest goes to SM Entertainment. Therefore, the members receive only an extremely small portion of the overall income."

He also added, "SM Entertainment owns more than 90% of SM Japan's quota and is the parent company of SM Japan," and conspired that, "Another controversy arises of their Japanese income division because of this." He stated that, "Since the members have never seen the actual Japanese contract, they have no clue of how the income division is going on between the agencies and are feeling very frustrated with the situation."

SM Entertainment owns 93.5% of SM Japan's quota.

Actually, according to the quarterly report SM released in May, SM Entertainment owns 93.5% of SM Japan's quota (On March 31st).

Even the Civil Society Organization has pointed out that there are problems in the way SM Entertainment divides and calculates the income.

Lee Dong-yeon, professor at the Korean National University of Arts, stated, "The money DBSK earns from their Japanese activities is first divided by Avex and SM Japan who co-manage the group by 50% each, then SM and SM Japan split the money SM Japan got by 50% each. Therefore, DBSK only receives a small portion of 1/4 of their income, not a portion of their entire income".

At the debate that was on the prompt 'The Problems Regarding the Korean Entertainment Management System Revealed Through the DBSK Dispute and the Solutions To These Problems', Professor Lee said, "It can be said that SM Japan and SM Entertainment are basically one company therefore SM Entertainment is using this to acquire twice the amount of money they should be getting from DBSK's Japanese income."

Professor Lee also stated that, "It can easily be seen that we obviously cannot say that DBSK and SM Entertainment have a fair and just contract agreement when carefully reading through the fine print of the contract and taking into consideration DBSK's income division and the preposterous amount SM Ent. claims they spend on managing DBSK (In truth, most of this money is actually not included in the income division.)"

On a side note, it has been found that SM Ent. did not adhere to the Preservation of Evidence Request that the three DBSK members filed that was accepted by the Courts. This Preservation of Evidence Request includes all documents relevant to DBSK's activities that would help calculate DBSK's actual income that include account books, receipts, transfer slips, etc.

On the 21st, the Seoul District Courts asked SM Ent. at the first hearing to hand in all documents relevant to the trial, but SM Ent. did not follow through.

SM Ent.'s lawyer stated before that, "These documents are all company secrets, and it would be fatal to SM Ent. if they were released to the media."

source: [newsen+DNBN]
translations: jeeelim5@tohosomnia.net
shared by: tohosomnia.net
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What the hell.
That's all I have to say. -___-
RAWR!!!