Park Jung Min Management Company To Appeal “Park Jung Min Wants to Terminate His Contract, With Unreasonable Demands Of 700 Million”

Credit/Source: No.43 Park (Chinese Trans) + cllslam10 (Eng Trans)
Park Jung Min Management Company to appeal.
Regarding singer Park Jung Min injunction against exclusive contract disputes, management company CNR Media gave their official statement.
On the 9th, CNR Media states, after looking thru the official reported documentations ‘Head Office and Legal Affairs of the China entertainment Corporate, cannot accept the decision on the preliminary injunction thus they decided to appeal against this injunction’.
According to CNR Media, from 2011 the company overall expenditure is approximately 1.1 billion.   In order to sign the 400 million contract with Park Jung Min, they paid (Park Jung Min) the same amount of  50 million contract conditions which is of the same level of the best artistes.
But when Park Jung Min was carrying out liquidation in the second half of 2011,  asking for the agency to pay for the equivalent of more than 80% of the 700 million income.  CNR media thus states that “(Park) without any evidence or proposition to terminate the contract with the company made by the imposition of unreasonable propostion.”
Moreover, CNR Media stated again “Park Jung Min said, ‘Therefore, the application for the preliminary injunction is  due to that they do not carry out the liquidation’   despite the  efforts by the company, but with the required amount requested by Park Jung Min, the difference is too huge, with that the company cannot agree.
Furthermore, CNR Media side, legal CETV states, “This incident, it  is the artiste himself who disregard the company who wants to solve the liquidation problem, making unreasonable demands, not cooperating to negotiate with the company and resolve, making his own decision to terminate the contract, disregard the company when undergoing his solo activities.  Dissatisfied with the preliminary injunction decision, thus decided to appeal. Relevant documentation are already in the confirmation stage.”
Regarding this matter between CNR and Park Jung Min, it is being on hot discussion and in the news “Park Jung Min kept working without getting any money” creating hot topics.  (The company) suffered huge losses, but also stressed that because this matter, now in the entertainment industry,  it has come to a state that they do not know whether can they continue to work.
On the other hand, Park Jung Min during Oct 2010 the collaboration between Taiwan and S.Korea company CNR Media which has a 3 year contract, on Apr 2012 applied for the injunction against to demand to an end to the effectiveness of the management contract.. This year on 31 Jul Seoul Central District Court rule in favour of Park Jung Min with regard to the preliminary injunction.