The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Netflix apologizes for filming 'Single's Inferno 3' in marine sanctuary

  • 3

    In-N-Out Burger pop-up store attracts record crowd

  • 5

    Calls grow for female flight attendants to ditch skirts for pants

  • 7

    EXO's Baekhyun, Xiumin and Chen in dispute with SM over contract issue

  • 9

    Suspect in grisly Busan murder sent to prosecutors for further probe

  • 11

    Pyongyang seeks to portray rocket as science effort by admitting failure: experts

  • 13

    Hallyu inspires Thailand to mull ways to export its culture

  • 15

    Stray Kids drops 3rd LP with 'unique, enjoyable' lead track

  • 17

    Nexon case reignites controversy over high level of inheritance tax

  • 19

    JYP to expand partnership with US music label

  • 2

    BTS' RM named honorary ambassador of war-remains excavation agency

  • 4

    'BLACKPINK the Game' showcases group's unique charm

  • 6

    Transgender cyclist looks to spark debate in historic appearance

  • 8

    Hamburger franchises having trouble in M&A market

  • 10

    Man gets five-year jail term for K-pop concert ticket fraud

  • 12

    Small business owners urge stricter rules on migrant workers switching jobs

  • 14

    Police send girlfriend murder suspect to prosecution

  • 16

    From hardcore action to heart-throbbing romance, series to hit in June

  • 18

    Pandas at Everland become tourist magnet

  • 20

    S. Korea succeeds in L-SAM missile interception test for 3rd time

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Sat, June 3, 2023 | 23:04
SM, YG, JYP delaying legal government registration
Posted : 2015-06-15 17:20
Updated : 2015-06-17 22:01
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
TVXQ, boy band of SM Entertainment /  Korea Times file
TVXQ, boy band of SM Entertainment / Korea Times file

By Kim Jae-heun


SM, YG and JYP, Korea's three major entertainment agencies, may become illegitimate agencies unless they are registered with the government by July 28.

According to the Popular Culture Industry Act by the Ministry of Culture Sports and Tourism, which will go into full effect next month, entertainment agencies must obtain a government-approved certificate in order to continue their business as a legal entity. It states that already existing entertainment agencies before the act was established on July 29, 2014, must register by June 19, whereas newly established agencies after that date must complete registration by July 28. The newly launched agencies must prove four years of experience in the field and ownership of an independent office.

The Popular Culture Industry Act was established by the ministry to prevent unfair contracts between the agency and entertainers and to secure education rights for young entertainers who are often deprived of their time at school.

"Entertainment agencies seem to be avoiding the responsibilities that will immediately follow once they are registered," said Kang Min-ju, a lawyer at Hankug Law Firm, who participated in establishing a standard form contract for the cinematographers' union. "For example, when the agency is registered as an official entertainment business by the government, it has to follow the FTC's rigorous standard contract form - which restricts the maximum contract period to seven years."

TVXQ, a former popular boy band with SM in the 2000s, signed a 13-year contract with the agency. Two Chinese members from SM's new boy band EXO already withdrew from the group voicing their dissatisfaction with the contract.

"Contract breach is another issue. When an entertainer cancels a contract in the middle of the term, registered agencies can no longer charge double or triple what they are suppose to ask for," said Kang.

Korea Creative Content Agency (KOCCA), which is in charge of issuing the career certificates, has been raising awareness of the law since last year. The organization published articles, aired advertisements and held meetings with major agencies in February and March.

"We have called every agency we could find online and reminded them of their duty to register by law," said an official at KOCCA. "If the three major agencies are not registered by next month, they will be considered as an illegitimate business."

Other entertainment agencies or record labels such as Cube Entertainment, KeyEast and FNC have completed their registration.

"We don't know why and it's impossible to find out the reasons behind the three agencies' (SM, YG and JYP) late registration despite a year grace period. For SM and YG, if they don't certify their business by this Friday, they will have to register as a newly established entertainment, which will be another month of delay," KOCCA officials said.

Emailjhkim@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
Top 10 Stories
1Roland Garros 2023 Roland Garros 2023
2Airlines fiercely compete to acquire additional aircraft Airlines fiercely compete to acquire additional aircraft
3Seoul imposes sanctions on North Korean hacking group for role in space launch Seoul imposes sanctions on North Korean hacking group for role in space launch
4KAERI distances itself from Oxford professor's claim on Fukushima water KAERI distances itself from Oxford professor's claim on Fukushima water
5More banks offer daily interest payments on deposits More banks offer daily interest payments on deposits
6LG Chem joins Korean firms strengthening ties with Japan LG Chem joins Korean firms strengthening ties with Japan
7HMM tasked with preventing sale of Hyundai LNG to foreign firm HMM tasked with preventing sale of Hyundai LNG to foreign firm
8POSCO, GM expand joint EV battery materials investment in North America POSCO, GM expand joint EV battery materials investment in North America
9Indo-Pacific region highlighted as important for Korean economy's future Indo-Pacific region highlighted as important for Korean economy's future
10Hyundai Elevator launches AI, IoT-powered maintenance service Hyundai Elevator launches AI, IoT-powered maintenance service
Top 5 Entertainment News
1'HyeMiLeeYeChaePa' producer Lee Tae-kyung hopeful of second season 'HyeMiLeeYeChaePa' producer Lee Tae-kyung hopeful of second season
2How artist Michael Rakowitz resurrects lost past of Iraq through food packaging How artist Michael Rakowitz resurrects lost past of Iraq through food packaging
3[INTERVIEW] 'One Day Off' star Lee Na-young, director on creating subtle, feel-good series INTERVIEW'One Day Off' star Lee Na-young, director on creating subtle, feel-good series
4From hardcore action to heart-throbbing romance, series to hit in June From hardcore action to heart-throbbing romance, series to hit in June
5[INTERVIEW] Lee Jun-hyuk unrecognizable in 'The Roundup: No Way Out' INTERVIEWLee Jun-hyuk unrecognizable in 'The Roundup: No Way Out'
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group