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Chen, Baekhyun, and Xiumin will pursue solo careers under independent label ‘I&B100’ while under SM Entertainment’s management for their activities in K-pop boy group EXO.
Trio’s ventures
The new company, established by Baekhyun in June 2023, will be in charge of the trio’s individual activities, and their EXO subunit EXO-CBX’s activities.
“We will shed more light on the members’ distinctive musical styles, helping them interact with their followers in more experimental ways,” INB100 said in a statement. It add that the singers plan to participate in producing music as well.
Group activities
SM Entertainment has released a statement, confirming that all eight members will continue their group activities as EXO despite their solo contracts with other labels.
“The renewed contracts with the members remain valid, and we’re in constant discussion with D.O., whose exclusive contract has expired, for his future schedules, as he also agreed to continue to perform as EXO,” it said. “Regarding Chen, Baekhyun, and Xiumin, we have agreed with them under the above mentioned contracts that they can independently pursue their solo careers.”
In June, Chen, Baekhyun, and Xiumin lodged an antitrust complaint with the Fair Trade Commission over unfair contract terms, but they wrapped up the dispute by agreeing to stay with SM and EXO.
After the agreement, EXO released its seventh full-length album ‘Exist,’ in July, selling over 10 million copies on the first day of its release.