SM Entertainment denies EXO's SEHUN & CHANYEOL's transfer to agency, ``The signed contract is valid''

It was reported that SEHUN (29) and CHANYEOL (30), members of the Korean boy group EXO, will be transferring their individual activities to a new agency, but this is not true.
Ta. On the afternoon of the 17th, an official from SM Entertainment, to which the two belong, told Herald POP, ``CHANYEOL and SEHUN's transfer to the agency is not true.
The contract between Ta and EXO members is valid, and EXO's activities will continue at SM Entertainment." He continued, ``However, only members' individual activities are exclusive to SM Entertainment.''
Under the contract, we have decided to give conditional permission to perform the work through a corporation established by the members themselves if they wish."
On the 17th, a media reported that SEHUN and CHANYEOL will carry out their group activities at SM Entertainment, but they will be developing various individual activities.
It was reported in 2017 that they will sign an exclusive contract with a company founded by CEO Jung Heung-tak, who is the former representative director of entertainment planning company iHQ and an advisor to the Korea Entertainment Management Association.