Many readers are aware that Wishop Plus filed a couple of lawsuits (criminal and civil) against SM for defamation and interfering with its business. There are many articles about that lawsuit, and many of them just report that the lawsuit was dropped.
Here is the link to the Allkpop article, and other articles around the net are pretty much the same.
Compared to the article about the lawsuit in China, this article is pretty bare. There's not much detail about the lawsuit, no analyzing, just a couple of lines that states the case was dropped. Then the article emphasizes about the lawsuit between SM and CJS, and says SM is preparing legal actions against Wishop Plus. What happened to the "neutral" journalism?
What all of those articles fail to mention is the reason why the lawsuit was dropped.
Here's the Korean article explaining why the lawsuit against SM was dropped. (June 17, 2010)
If you search "SM 무혐의 위샵플러스" (SM not charged Wishop Plus) in any Korean search sites, you'll find many articles about it.
Here's the translation of the part from the article that explains the reason for dropping the case.
"According to the investigation by the Korean DA, it was found that the 3 members and their families own 62.5% share of the cosmetics company, and they were involved in the business, so the DA determined that the Cosmetics Business was one of the important cause for the contract dispute."
Well, there it is. The Korean DA's investigation found the 3 members and their family owns 62.5% of the company. For those who doesn't know what that means, the majority shareholder has total control of the company, so they're basically the owner of the company. In comparison, Lee Sooman, the founder of SM, owns about 29% of SM shares.
I mentioned in my previous post about the China Court ruling that they shot themselves in the foot with this lawsuit. Before this, the public didn't have a clear idea how much CJS were involved in the cosmetics business, but as a result of DA's investigation from this lawsuit, everyone found out exactly how much.
After this ruling, SM has counter sued Wishop Plus for defamation and interruption of business because SM's reputation took a hit from the cosmetics company's wrongful lawsuit, and that lawsuit is pending.
CJS and the cosmetics company really shot themselves in the foot. Now it is confirmed by the Korean DA that they are heavily involved in the business. This was a major reason that I personally realized that CJS side is lying because they have testified in the court that they are just minor investors in the company which was found to be lies. This is about the time when the public opinion regarding the contract dispute, which was initially one sided favoring CJS, started to turn against CJS.
Have you international fans ever seen this fact in any of the articles out there?