SM Entertainment says a Baekhyun album is planned for release this year after EXO member says he’s not putting out new music
nme.comSM Entertainment has responded to statements that EXO member Baekhyun made in a livestream about new music and the founding of his own company.On Monday (August 7), the K-pop idol went live on his personal Instagram account to address speculation on his finances by Korean netizens.
In the livestream, Baekhyun revealed that he had personally founded a company, tentatively named One Signature, with a friend, and that he had taken out a ₩13billion (approximately £77,500) loan for it.“It’s a company I started with my friend Kasper at the thought of wanting to grow many good choreographers and dancers.
It has yet to be made concrete, but I am researching a lot and trying different things to make good results with good purpose,” he said, as translated by Soompi.During his Instagram Live, Baekhyun also touched on the antitrust complaint he filed against SM Entertainment alongside bandmates Chen and Xiumin in June. “I have always been curious about settlement and contract-related matters for a long time,” he said in the livestream. “In the midst of that, we were faced with various situations due to Lee Soo-man’s absence, and I think that made me more curious.”The trio and SM resolved the dispute, which was said to be about unfair contract terms, later that month.
In the stream, per Yonhap, Baekhyun described his current relationship with SM Entertainment as amicable: “There are rules within the company that must be adhered to.
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