Park Hyo Shin is facing a lawsuit involving a compensation for damages worth 3 billion won from his previous label, INTERSTAGE.
“He didn’t fulfill his exclusive contract obligations,” INTERSTAGE revealed.
The label submitted its case to the Seoul central district court on January 31 and requested compensation for damages worth 3 billion won, which is three times worth his exclusive contract.
According to the petition submitted by INTERSTAGE, Park Hyo Shin signed an exclusive contract in July 2006 under the condition that 4 albums will be produced, to which the singer agreed on and even persisted that he releases a single in Japan. The label also stated that Park Hyo Shin did not want to go on with the nationwide tour that was scheduled in May 2007 and that during his Seoul concert in July 2007, Park Hyo Shin urged the staff to not continue with it. From then on, he no longer communicated with the management.