September 16, 2010Avex Group Holdings
Representative CEO Masato Matsuura
(Code Number: 7860 Tokyo Stock Exchange, First section)
Contact: Representative Director CFO Kazunari Takeuchi
TEL: 03-5413-8550
To whom it may concern:
Suspension of JUNSU/JEJUNG/YUCHUN's Activities in Japan
We would like to inform you that the Japanese activities of JUNSU/JEJUNG/YUCHUN, exclusive artists of Avex Entertainment Inc. (100% subsidiary of our company, head office in Minato district, Tokyo), will be suspended for the time being.
(Notice)
This is with regards to the reports that the representative of JUNSU/JEJUNG/YUCHUN's current Korean management agency, CJeS Entertainment Co., Ltd. Inc., whose father holds a high position in the mafia. The said representative has used his father's strength to blackmail artists and has served a term in prison, under charges of duress. We have therefore conducted a research for the facts.
According to the results, the relations with the mafia are unclear. However, all the other reports as written above have been proven to be true.
In addition to that, the procedure of the exclusive contract title for JUNSU/JEJUNG/YUCHUN is now under dispute in Korea. There is a high possibility that the exclusive contract itself between our company and the three will become void.
Our company places great importance in compliance and business policy in observing corporate ethics. We have decided to pause the management of their activities until these problems have been solved.
We highly regret that we have caused the fans that are supporting JUNSU/JEJUNG/YUCHUN great worry concerning the reports mentioned. Moreover, we appreciate your kind understanding to our company's decision as above.
Concerning the product releases and the services currently being provided, there will be no changes made. Additionally, there is no change to the exclusive contract of Tohoshinki (5 members), whose managed by SM Entertainment.
As we have consistently stated, we will, with all our might, give our support, so that Tohoshinki’s activities can be resumed.
Source: Avex Co. Jp
Translation: smiley @ OneTVXQ.com
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