The agency of Kim Seon Ho disclosed the details of their exclusive contract

Cover - The agency of Kim Seon Ho disclosed the details of their exclusive contract

The agency of Kim Seon Ho disclosed the details of their exclusive contract with the actor to shut down rumors. How do you think about that? 

Kim Seon Ho was recently involved in a controversy after his ex-girlfriend uploaded an anonymous post stating that her actor ex-boyfriend had manipulated her into getting an abortion under false pretenses, treated her badly once she had gotten the abortion, badmouthed his co-workers, and more. While he was initially not mentioned by his name within the post, Kim Seon Ho admitted that he was the actor mentioned within the post and released a political candidate apology.

Rumors then spread about Kim Seon Ho’s agency conspiring together with his ex-girlfriend to form unfavorable circumstances for the actor because they were within the process of negotiating a renewal after their contract expired in September. On October 22, SALT Entertainment denied the rumor and revealed that the actor had over a year left on his contract.

To further clarify the rumors, SALT Entertainment shared the subsequent statement on October 25:

“Hello, this is SALT Entertainment.

We would like to share the correct information regarding the term of the contract between actor Kim Seon Ho and SALT Entertainment.

While the contents of the contract should be kept confidential according to the principle, we are revealing this with consent from the parties involved due to the continuous problems.

The first meeting between actor Kim Seon Ho and SALT Entertainment took place in July 2018 at the recommendation of a broadcasting official. We concluded that it would be difficult for an actor to make a decision in a short amount of time when choosing an agency he will work with for several years. It was mutually agreed on that we would work together from September 2018 until September 2019 before discussing a contract extension.

Then in June 2019, when there were three months left in the contract, we should have discussed an extension of the contract. However, it became the year 2020 as the actor became busy with promotions and because both the actor and the company had solid faith in each other. Then, according to the actor’s request, we renewed the term of the contract for March 2020 through March 2023. We also signed an annex agreement stating that the contract would be automatically renewed for another year annually until March 2027 unless one of the parties provides notice of its intent not to renew.

We ask for your understanding as we are releasing these statements due to the continuous problems.

Thank you.”

Kim Seon Ho’s agency disclosed the details of their exclusive contract with the actor to shut down rumors. Don’t forget to catch up with the latest Korean entertainment news with us every day!