Jessica Jung faces lawsuit worth over $1.7M In contract fees with Chinese management agencies (1 Viewer)

[Haolat]

Jessica Jung, formerly of Girls’ Generation and now a soloist and fashion designer, was ordered to pay over ₩2 billion KRW ($1,655,210 USD) to her former Chinese entertainment agencies.

Jessica Jung lost both her first and second trials against the Beijing Arbitration Commission. These trials were conducted in Korea, and the reason the companies took her to court and wanted her to pay were for violating the exclusive authority of the contract, consultation fees, a penalty for breach of contract, and undivided profits.


Jessica’s Chinese agencies had control over managing her until February 28, 2019. One agency obtained the rights to manage Jessica’s entertainment activities in the China back on February 2016, through an agreement with her Korean agency, Coridel Entertainment. The second Chinese agency stepped into the picture due to a transfer of the rights of her management.

Nearly 2 years ago, on November 27, 2017, the Beijing Arbitration Commission ruled in favor of the agencies, who were seeking payment to cover the costs of exclusive licensing, return of her consultation fees, penalties, and other profits that were paid out to Jessica. They did this because they stated she did not carry out the duties of her contract.

Jessica argued that she did not violate any terms of the contract and did not agree to the arbitration’s decision. However, the Seoul Central District Court ruled in favor of the Beijing Arbitration Commission, stating that she was bound to the arbitration decision because the acceptance letter was issued de facto, or automatically. They also denied her appeal she filed on July 23, 2019.
Due to losing her appeal, she has been ordered to pay ₩2 billion KRW ($1,655,210 USD) to her former Chinese entertainment agencies to cover the damages and legal fees. Jessica has since submitted another appeal, this time to the Supreme Court.

Spoiler: Source

Jessica Jung Ordered To Pay ₩2 Billion KRW To Chinese Entertainment Companies

Jessica Jung was ordered to pay around ₩2 billion KRW to her former Chinese entertainment agencies.

www.koreaboo.com

 

[RandAlThor]

I think its Coridel not Jessica on the hook.

 

[Darkyoda47]

The media is really twisting it for clout. The lawsuit is against Coridel, not Jessica. They're really dragging her name through the mud. Annoying as f.

 

[arieam]

there must be more to the story if she's appealing to the supreme court. this has been going on for 2 years i think they'd have just paid the 1.7 mil before it went to the press if they were in the wrong. but who knows. i don't trust anyone to handle this professionally.

 

[arieam]

I think its Coridel not Jessica on the hook.

The media is really twisting it for clout. The lawsuit is against Coridel, not Jessica. They're really dragging her name through the mud. Annoying as f.

i don't really see how. she signed a contract with the chinese agency through coridel, so she's the one held to the contract so they're accurate to say its jessica. just like she's signed with uta through coridel, but she is the contract holder with uta. coridel is still to blame for the shitty way they handled the situation. but there must be more to the contract if jessica is willing to take it to the supreme court.

 

[Darkyoda47]

i don't really see how. she signed a contract with the chinese agency through coridel, so she's the one held to the contract so they're accurate to say its jessica. just like she's signed with uta through coridel, but she is the contract holder with uta. coridel is still to blame for the shitty way they handled the situation. but there must be more to the contract if jessica is willing to take it to the supreme court.

Well I bet they're re appealing because they really don't wanna pay 2M dollars lol.

 

[arieam]

Well I bet they're re appealing because they really don't wanna pay 2M dollars lol.

that's definitely true but appealing again is only adding to the costs and the bad press. maybe im being naive thinking they aren't just blindly hoping the supreme court is going to side with them after losing 4 times so far, but there must be something they know we don't know. sigh what a clusterfuck.

 

[Darkyoda47]

that's definitely true but appealing again is only adding to the costs and the bad press. maybe im being naive thinking they aren't just blindly hoping the supreme court is going to side with them after losing 4 times so far, but there must be something they know we don't know. sigh what a clusterfuck.

There's always gonna be things going on that we don't know of. The only thing we can hope for is a comeback in Oct, as promised

 

[arieam]

There's always gonna be things going on that we don't know of. The only thing we can hope for is a comeback in Oct, as promised

if that gets postponed im never forgiving them