The FiftyFifty Incident Reaches the National Assembly... Ha Tae-kyung Says "Will Create the Fifty Act"
Amid growing public calls for sanctions against 'tampering' (pre-contact during exclusive contract periods) following the so-called 'Fifty Fifty' incident, Ha Tae-kyung, a member of the People Power Party, announced that he would "propose the Fifty Fifty Act."
On the 29th, Ha stated on his social media (SNS), "We are discussing amendments to the 'Popular Culture and Arts Development Act' with the Ministry of Culture, Sports and Tourism to protect small and medium-sized enterprises and provide institutional support in the field of popular culture and arts," signaling his intention to propose the bill.
Ha described the Fifty Fifty incident as "a producer, who was merely an outsourced production company, persuading girl group members to terminate their contracts and join his own agency," adding, "From the company's perspective, it was like an external force invading and filing a parental rights lawsuit to change the registration of their children."
He further pointed out, "In manufacturing, various systems such as patents and trade secret regulations protect products well. However, the entertainment industry is different," noting, "Since most activities like music and advertising involve people themselves becoming the product, the industry falls into a blind spot of the system."
He said, "We aim to strengthen government-level protection and support so that small and medium-sized agencies can safely conduct their business, and through this, promote the qualitative growth of K-pop," promising to disclose detailed contents once the bill is drafted.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Meanwhile, Yoo In-chon, Special Advisor for Culture and Sports to the Presidential Office, held discussions with major domestic entertainment organizations regarding the Fifty Fifty incident. The entertainment industry plans to initiate follow-up discussions to establish sanctions against tampering acts in response to the incident.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.