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Manila Bulletin devider Entertainment devider Hallyuwood devider SM Entertainment files for provisional seizure of assets of EXO's Chen, Baekhyun, Xiumin

SM Entertainment files for provisional seizure of assets of EXO's Chen, Baekhyun, Xiumin

Published Feb 11, 2026 02:29 pm
EXO and EXO-CBX members (from left) Chen, Baekhyun and Xiumin (X)
EXO and EXO-CBX members (from left) Chen, Baekhyun and Xiumin (X)

Korean agency SM Entertainment has filed for provisional seizure of the assets of its artists Chen, Baekhyun and Xiumin, members of EXO and the unit EXO-CBX. 

In an exclusive report on Feb. 11, Korean media outlet Biz Hankook stated that the filing for the seizure of the assets was done by SM Entertainment to secure the 10 percent of individual sales from the three K-pop artists. 

In 2023, Chen, Baekhyun and Xiumin notified SM Entertainment of their intention to terminate their exclusive contracts, citing unfair contract terms. 

The following year, SM Entertainment agreed to let the three conduct their individual activities outside EXO under a separate company with the condition that they pay 10 percent to the agency from their activities. 

The EXO-CBX members are under SM Entertainment for group activities related to EXO while a separate company handles their individual activities. 

EXO-CBX later claimed that SM Entertainment breached the agreement and refused to pay the 10 percent that turned into a court battle. 

EXO and EXO-CBX members (from left) Baekhyun, Xiumin and Chen (X)
EXO and EXO-CBX members (from left) Baekhyun, Xiumin and Chen (X)

The report said SM Entertainment filed for provisional seizure of the assets of Chen, Baekhyun and Xiumin on Feb. 9 and 10. 

The assets include Chen's house deposit bond, Baekhyun's apartment in Acheon, Guri Gyeonggi Province, and Xiumin's apartment in Hannam, Yongsan, Seoul. 

Baekhyun's Acheon apartment, measuring 142 sq. m., was registered in October 2023, while Xiumin's Hannam apartment, measuring 166 sq. m., was registered on Jan. 9. 

In the provisional seizure, SM Entertainment is seeking a total of 2.6 billion won (about $1.79 million): 300 million won (about $206,757) from Chen, 1.6 billion won (about $1.1 million) from Baekhyun and 700 million won (about $482,722) from Xiumin. 

The purpose is to secure a 10 percent debt owed to SM Entertainment, equivalent to individual activity sales. A provisional seizure seizes a debtor’s assets. 

SM Entertainment excluded Chen, Baekhyun and Xiumin from EXO’s recent comeback.

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