SM Entertainment has always been under fire for their slave contracts that last 13 years. Contracts by law are not supposed to last over 10, but they have gotten around it by making the length "10 years after debut." However, after many lawsuits and criticisms, SM Entertainment has decided to fix their contract to make it more fair.
The "10 years after debut" has been shortened to "7 years after debut." Also, the fine for breaking the contract was "three time the amount of the money invested and two times the amount of profits." That has been changed to say "the amount of profit per month times the amount of months." Additionally, the contract used to say that SM Entertainment had the final say in everything, but that has now been changed to say that celebrities are encouraged to put in their opinion and refuse any schedules that were almost impossible.
Do you think the changes SM made make the contract a bit more fair?
Source: Newsis
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