Baekhyun, along with fellow EXO-CBX members Chen and Xiumin, has reportedly notified INB100 CEO Cha Ga Won of their intention to terminate their exclusive contracts at the end of March. According to April 10 reports, the trio cited unresolved concerns, including unpaid earnings and alleged contract breaches, requesting clarification from the company. However, even after the standard response period, they are said to have received no satisfactory explanation.
INB100 Faces Financial Crisis Amid Corporate Restructuring and Payment Disputes
INB100 was originally founded by Baekhyun as part of his move toward independent management after leaving SM Entertainment. In May 2024, the company became part of a larger corporate structure under One Hundred, co-founded by Cha Ga Won and MC Mong. Following this restructuring, Cha Ga Won became the largest shareholder and took control of INB100 alongside affiliated labels.
Controversy escalated as reports claimed the company secured large-scale deals using EXO-CBX intellectual property and received advance payments worth hundreds of billions of won. Despite this, INB100 is now allegedly facing capital impairment, with tens of billions of won in unpaid settlements reportedly owed to the artists. Additional claims suggest that delayed payments to staff and external partners have disrupted normal promotional activities.
Cha Ga Won Faces Legal Pressure as Multiple Artists Exit Company Network
In response, Cha Ga Won’s side stated that efforts are being made to stabilize operations through new investments or personal funding injections. Meanwhile, other artists previously associated with his network, including members of THE BOYZ, Taemin, Lee Mujin, BE’O, VIVIZ, and Lee Seung-gi, have also reportedly ended contracts.
The situation has further intensified as Cha Ga Won faces multiple fraud-related lawsuits, with authorities investigating allegations of mismanaged funds and failure to fulfill contractual obligations tied to the artist’s intellectual property deals.
