Baekhyun of the group 'EXO' revealed his feelings about the dispute with SM Entertainment.

At the '2024 Baekhyun Asia Tour Lonsdale in Hong Kong' held at the Asia World Summit in Hong Kong on the 10th, Baekhyun said, "Actually, the reason I founded the company was to meet more fans and realize my dream. To be able to always be close to my fans. “I will try,” he said.

“I don’t have any big dreams now. INB100 doesn’t have to become a huge company,” he said. “I don’t have any such greed, I will just stay loyal to my fans who love me, and in the future, I will work closer to them as I want.” “We will communicate with you in more ways,” he added.

In addition, Baekhyun emphasized, "I want to meet as many people as I want and as I think, and that's all I have in mind. I just need the people here to know."

On this day, I&B 100, founded by Baekhyun, and its parent company, One Hundred, Chairman Cha Won held an emergency press conference and declared an all-out war against SM. It is claimed that SM did not guarantee the 5.5% distribution fee for music and album distribution as promised when drafting the agreement during the exclusive contract dispute last year. Accordingly, they cannot agree to SM's contract to take 10% of sales from Baekhyun, Chen, and Xiumin's personal activities, and are demanding that settlement data be provided.

On the other hand, SM pointed out that the essence of this situation was tampering. Tampering refers to prior contact with an artist who is already under an exclusive contract with another company. After Chen Baeksi (Chen, Baekhyun, Xiumin) officially announced that they would engage in individual activities as a unit in I&B 100 starting last January, they claimed that there was unfair inducement regarding the recent inclusion of One Hundred, founded by Chairman Cha and MC Mong. there is.