Entertainment agency SM Entertainment and Congressman Jo Moon Hwan of the Grand National Party have joined hands to protect celebrities’ rights and interests.
On the 6th at 9am KST, a ‘Proclamation Ceremony for the Establishment of a Developing Contract Relationship in the Entertainment Industry’ was held in Room 128 in the National Assembly Congressional Hall. This ceremony was attended by Congressman Jo Moon Hwan (State Affairs Committee), SM CEO Kim Young Min, and Girls Generation in order to protect the rights and interests of celebrities as well as to ensure that a mutual trust exists between entertainment agencies and celebrities.
This proclamation ceremony was attended by Congressman Jo Moon Hwan, SM Entertainment and Girls Generation in the hopes of creating a sound environment to create and maintain an expanding contract relationship in the entertainment industry.
Congressman Jo Moon Hwan has been criticizing the contract relationships between celebrities and entertainment agencies since the last parliamentary inspection of the administration till now, and through rigorous inspections of small and large entertainment agencies, demanded that unlawful clauses, such as those which violate personal privacy, be removed.
SM stated, “Over the past months, SM has been holding numerous discussions with Congressman Jo Moon Hwan to protect the rights and interests of celebrities as well as aid in the development of the entertainment industry,” and “A conclusion was made that SM has developed a contract that reflects the reality of the entertainment industry and focuses on the protection of the celebrities’ rights and interest, and this contract has been implemented with SM’s celebrities and trainees.”
SM and Congressman Jo Moon Hwan will continue to converse on the matters of contract relationships between celebrities and entertainment agencies in the future.
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[TRANS] 100706 SM CEO Kim Young Min States, “We Will Become The Forerunners In Solving Contract Issues”
Kim Young Min, CEO of SM Entertainment, stated, “It’s unfortunate that because of a certain chain of events and several reports, the relationship between agencies and celebrities is becoming distorted,” and “We will become the forerunners in solving contract issues.”
CEO Kim stated this when he attended the ‘Proclamation Ceremony for the Establishment of a Developing Contract Relationship in the Entertainment Industry’ that was held on the 6th.
CEO Kim stated, “All entertainment agencies will have celebrities who rise to fame or die out. All of them tried to make their dreams come true and it was and is the entertainment agency who provides the celebrities an environment to do so.”
He continued to say, “We are stuck in a frame that forces us to choose between personal interests and business, human rights and the economy,” and “In order to achieve a dream, a promise is made between agencies and celebrities in the form of a contract. We should not have to choose between personal rights and business. We are participating in this project in order to find ways to help the Hallyu Wave, and create an economy that protects the rights of celebrities as much as possible.“
Source: [edaily SPN]
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[TRANS] 100706 Kim Tae Hyung “Seven Years For Celebrity Contracts Is Too Short”
Former singer Kim Tae Hyung, director of the Korean Entertainment Production Committee, criticized that a seven year limit on celebrity contracts is not realistic.
Director Kim Tae Hyung attended the ‘The Results and Measures to Develop the Celebrity Standard Contract After One Year of Implementation’ meeting as part of the panel and stated, “It is not realistic to set a limit of seven years on celebrity contracts.”
He stated, “If the standard contract is followed, a trainee has to pay back the investment made to them by the entertainment agency in 2~3 years,” and “But this is impossible. Putting overseas expansion into consideration, the limited number of years for a contract should be lengthened.”
He also explained that, “Of course, the Fair Trade Committee has stated that a renewal of a contract is possible after seven years but this too is unrealistic,” and “When seven years pass, celebrities do not think about the past or their beginning, they only think about the present. That is why the worth that they demand for their work increases dramatically.”
He continued to say, “Not all singers can produce hit songs, so will all celebrities really be able to repay their agencies for all the investments put into them?”
Director Kim then continued to criticize each and every ambiguous expression in the standard contract.
Source: [star money today]
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