During a National Assembly audit in Yeouido, Seoul, K-pop agencies, including YG Entertainment, SM Entertainment, and JYP Entertainment, faced questions regarding issues such as chart manipulation, album bundling with photo cards, fair trade law violations, and choreography copyright concerns. The agencies denied or deflected responsibility for these industry problems. Lawmakers raised concerns about entertainment companies artificially inflating sales figures through bulk purchases of albums, bundling albums with collectible photo cards to pressure fans into buying multiple copies, and the lack of fair compensation for choreographers whose work generates significant revenue for the companies. Despite the criticisms and concerns raised during the audit, the K-pop agencies and Weverse Co. CEO Joon Choi distanced themselves from taking direct responsibility for the identified issues. While Culture Minister Yu In-chon emphasized the importance of legal accountability for any confirmed cases of wrongdoing, the CEOs of the entertainment companies pledged to consider implementing fair compensation practices for choreographers and addressing the problematic marketing tactics in the industry. Weverse CEO Choi acknowledged the fair trade violations and outlined corrective measures taken to address customer rights and product delivery timelines.
During a National Assembly audit in Yeouido, Seoul, K-pop agencies, including YG Entertainment, SM Entertainment, and JYP Entertainment, faced questions regarding issues such as chart manipulation, album bundling with photo cards, fair trade law violations, and choreography copyright concerns. The agencies denied or deflected responsibility for these industry problems. Lawmakers raised concerns about entertainment companies artificially inflating sales figures through bulk purchases of albums, bundling albums with collectible photo cards to pressure fans into buying multiple copies, and the lack of fair compensation for choreographers whose work generates significant revenue for the companies. Despite the criticisms and concerns raised during the audit, the K-pop agencies and Weverse Co. CEO Joon Choi distanced themselves from taking direct responsibility for the identified issues. While Culture Minister Yu In-chon emphasized the importance of legal accountability for any confirmed cases of wrongdoing, the CEOs of the entertainment companies pledged to consider implementing fair compensation practices for choreographers and addressing the problematic marketing tactics in the industry. Weverse CEO Choi acknowledged the fair trade violations and outlined corrective measures taken to address customer rights and product delivery timelines.