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SM loses Shinhwa
[04.30] Shinhwa rejects SM offer, will go to a new company
Shinhwa has rejected SM's contract of 36 Uk. SM Entertainment released a statement saying, "Our negotiations with Shinhwa have fallen through." "Through the past year, the financial negotiation team has been working respectfully with Shinhwa members in order to come to a mutual financial negotiation, but they did not accept and things did not work out. We attempted our utmost and offered them the best pay at 6Uk each, amounting to 36Uk total. We fully acknowledge Shinhwa's worth, but this is the best we could do as a company. If they receive a better offer from another company, we will feel regretful, but for the sake of each party's development, we will have to give them up."
Shinhwa, who debuted in 1998, signed individual agreements in 1997 that will end at the beginning of this month. When Shinhwa officially leaves SM with their last activity, a fan meeting at a JamShil gymnasium, it appears that they will eventually choose one of the 4 or 5 companies that have offered contracts. Shinhwa released a statement saying "Though we did not achieve negotiations with our company, we thank everyone at SM who has, from before our debut until now, made us and helped us. We will not think on this hastily, but we will calmly take a break to deliberate and decide."
credit: sports today and soompi
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oh how sad... SM is losing everyone... I think Kang Ta and Hee Jun really really really needs to leave... they shoulda left a long time ago...
btw, this is Julie under my sister's... we're at the library and I can't log out of her name 
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05-06-2003 01:16 AM
