The Korean Entertainment Producers' Association spoke out for the first time about the "Fifty Fifty" incident! Publicly supporting the agencies: "We will not turn a blind eye to this!"
Today, the Korean Entertainment Producers Association expressed their stance on the issue involving the girl group "Fifty Fifty" and supported the position of their associated company, Attract. The Korean Entertainment Producers Association stated, "Even in a difficult environment, our association and member companies have noticed and witnessed the miracle that ATTRAKT (CEO: Chon Hong Jun) created the group Fifty Fifty in just a few months, and are aware of the challenges the company is currently facing." The Korean Performing Arts Producers Association wrote: "Time and again, practices such as frequent changing of group members and early contact with artists, disrupt the normal business activities, leading to irreversible consequences for the companies and their artists." "Capital-backed illegitimate powers have been snatching talent, damaging the roots of K-pop as well as the foundation for the growth of producers and artists. The relationship between producers and artists is no longer a simple 'A' and 'B' relation, they are all partners striving for the same dream. Our association will never turn a blind eye to this, and we will respond strongly." At the same time, the Korean Entertainment Producers Association emphasized the necessity of improving the system: "We are deeply concerned about the relevant legal and institutional issues that have not yet been considered in the industry," and said, "We feel the necessity of improving the system to prevent such situations from happening again in the Korean entertainment industry. We call on the parliament, government, and relevant institutions to work together to find solutions." In addition, the Korean Performing Arts Producers Association stated: "We are seeking the establishment of the 'Popular Music Industry Promotion Committee', the introduction of a free contract system for artists, rental systems for artists and other solutions for the healthy development of the industry, so that 'K-culture' is not only our own, but can also lead the global cultural industry." Lastly, the association stated: "We look forward to overcoming the challenging industry environment, just like ATTRAKT, who grew from the depths of poverty, to meet their expectations." Following is the full statement of the Korean Entertainment Producers Association: "The current KPOP is in the center of global culture, receiving passionate love from fans around the world. However, we have noticed some problems troubling artists and production companies. Therefore, we, as the Korean Entertainment Producers Association, are addressing our concerns for some recent issues and publicly stating our position." "Firstly, regarding the current contract dispute between ATTRAKT and Fifty Fifty, we believe this to be a serious issue. If one party violates the contract, resulting in the work of the artists being affected, then we must deal with this matter immediately. No matter what the contract content, the most important point is: both parties must respect and abide by the agreed terms." "Furthermore, we are concerned about The Givers company's actions. If the company removes related documents or carries out right purchases without permission, then there is indeed an issue with such behavior. We hope for a thorough investigation to be conducted on this situation.However, we also believe that the entertainment industry is not solely about business activities, it's closely related to every artist's life and career. Therefore, we urge all stakeholders, not to sacrifice artists' welfare for business gains. Artists' health and happiness should be our primary consideration." "Finally, the Korean Entertainment Producers' Association will continue to strive to create a fair and just environment for our artists and production companies. We believe, only in this kind of environment, can KPOP continue to thrive and shine. We hope that all parties involved understand and respect our stance. We look forward to resolving all disputes as soon as possible so that our artists can return to their normal work and life."
