Entertainment · K-Culture & Anime · 4 hrs ago
Report Says INB100 Failed to Pay EXO-CBX and Secured Their Guarantees
Chen, Baekhyun and Xiumin, known as EXO-CBX, are in a dispute with INB100, their former agency.
A report says INB100 failed to pay the singers their settlement money.
It also says the agency obtained the trio’s joint guarantees for advance funds from outside investors in 2024, intended to support concerts and album production.
A joint guarantee can make a guarantor responsible for a debt if the borrower does not repay it.
The revelation has raised questions about why the singers guaranteed the agency’s investment funds.
EXO-CBX recently secured an injunction suspending their exclusive contracts with INB100.
Korean netizens reacted with criticism, sarcasm and sympathy for Baekhyun.
A report published on November 8 said INB100 failed to pay settlement money to EXO members Chen, Baekhyun and Xiumin.
The report also said INB100 obtained joint guarantees from the three singers for investment funds from outside investors.
The funds were advance payments intended to support activities including concerts and album production.
A joint guarantor may become financially responsible if the original borrower fails to repay a debt.
EXO-CBX recently secured an injunction suspending the validity of their exclusive contracts with INB100.
- Who
- INB100 and EXO members Chen, Baekhyun and Xiumin.
- What
- A report said INB100 failed to pay the singers settlement money and obtained joint guarantees from them for investment funds.
- When
- The report was published on November 8; the year was not stated in the article text.
- Where
- Not stated.
- Why
- The funds were advance payments intended to support activities such as concerts and album production. The reason the singers guaranteed the funds was not stated.
This story does not have two clearly opposing sides.
INB100 received investment funds from outside investors, according to the report.
EXO-CBX secured an injunction suspending the validity of their exclusive contracts with INB100.
A report about unpaid settlement money and joint guarantees was published.
- Artists
- Chen, Baekhyun and Xiumin
- Agency
- INB100
- Investment funds
- Advance payments from outside investors
- Intended uses
- Concerts and album production
- Report date
- November 8
What people are saying
The fans will probably pay it off for them.
Even if celebrities aren’t familiar with how the world works, how could they possibly sign a joint guarantee?
Didn’t they bring a lawyer when signing the contract or putting their stamp on it?
Fighting, fans!