Daily BriefsESG

Daily Brief ESG: SM Entertainment: EXO’s Contract Controversy and Repeated Working Condition Issues and more

In today’s briefing:

  • SM Entertainment: EXO’s Contract Controversy and Repeated Working Condition Issues


SM Entertainment: EXO’s Contract Controversy and Repeated Working Condition Issues

By Jungmin(Charlotte) Hong

  • EXO’s Chen, Baekhyun, and Xiumin filed a complaint to the Fair Trade Commission (FTC) on June 4 against SM Entertainment for “abuse of superior bargaining position.”
  • SM Entertainment repeatedly faced sanctions by the FTC for disputes, including controversy and conflicts with another boy band ‘Dong Bang Shin Ki’ (TVXQ) 
  • The risk to their working conditions continues to increase, with SM Entertainment’s corporate risk currently standing at 4.2, reaching an extreme level.

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