BPM (Big Planet Made Entertainment), led by PIAC Group chairman Cha Ga-won, has issued a strong statement amid ongoing controversies.
On the 10th, Cha Ga-won’s legal representative, attorney Hyun Dong-yeop, stated, “The core of this case is an illegal attempt by Normus, Cha Jun-young, and The Fact to collude and acquire BPM through a hostile takeover.” He described it as a coordinated effort involving criminal complaints and media pressure, and signaled plans for legal 대응.
Addressing the dispute with Normus, the legal team said it originated from a breach of contract. They cited issues such as the Fromm service outage, stating that trust between the parties had broken down. The company added that it is holding advance payments as a form of collateral until damages and settlement discussions are resolved.
Regarding fraud allegations tied to those advances, the representative stated that the company is exercising its legal rights and that opposing claims misrepresent the situation.
The company also framed a separate large-scale fraud complaint as part of the alleged takeover attempt, arguing that it was fabricated to influence public perception and gain control over the company and its artists.
BPM further addressed media coverage, noting that a court had previously granted an injunction restricting certain reports by The Fact. The agency said it plans to pursue a damages lawsuit worth KRW 100 billion against the outlet.
On internal operations, the legal team stated that external pressure and negative reporting have affected corporate credibility and financing conditions. They added that recent delays in artist settlements were influenced by these financial constraints.
Regarding the ongoing investigation, BPM emphasized that the materials obtained during the search process consist of standard contract documents and expressed confidence in clarifying the situation through legal proceedings.
The company concluded that it will take firm action against the spread of false information and will pursue both civil and criminal measures to address the situation and stabilize operations.
Meanwhile, BPM operates under One Hundred Label, co-founded in 2023 by MC Mong and Cha Ga-won. Several artists, including Lee Seung-gi, Taemin, VIVIZ, EXO-CBX, and some members of The Boyz, have recently moved to terminate their contracts, highlighting ongoing instability within the agency.