[Info] Updates after the meeting

- January 24, Seungyeon’s parents, Nicole’s mother and Jiyoung’s father have met reporters from Hankooki at a hotel in Kangnam, Seoul; and said about the plans for KARA to resume their activities in both domestic and overseas, especially in Japan. All three parents emphasized, “Above all, we cannot betray the loves of fans for the kids.”

- In this interview, the 3 parents also emphasized, “We did NOT meet to ask for a raise in the ratio of profit distribution to 5/5 or 6/4 or anything like that. We have never asked for extra money. The meeting was to discuss the future activities of the kids.”

- On the same day, DSP also expressed, “The most important thing right now is to maintain KARA.” In the interview with Hankooki, DSP Media stated, “At 10 am tomorrow morning, we will have a meeting with the three members and parents. And based on the results of this meeting, we will decide how for the members to return. Nothing is as important as the 5 members of KARA continue to work together at the moment.”

- Since this case arose, all schedules are canceled. Only the drama uraKARA is arranged so that the members can still participate in filming. January 22 was actually scheduled for uraKARA filming but it got canceled. In this week, if they cannot resume the filming, they will not be able to continue to broadcast the film.

- Universal Japan said that they were having confusion and difficulties in arranging the schedule for KARA. No matter what problem KARA has with the management company, KARA is under Universal in Japan, so the company hopes that KARA will comply with the planed schedules (this is the reason why KARA continue the filming of uraKARA)

- DSP said the location of today’s meeting was not disclosed and they are trying to find the best results. A large crowd of both Korean and Japanese journalists ha stood in front of the DSP’s headquarters since early morning.

- Lawyers representing the 3 members said that the two parties will meet in Kangnam, and the 3 members’ side will make requests to DSP. He further revealed, “This time the conditions/requests are no longer given through me. These conditions include the three parents want to change the highest executive of DSP, the wife of the former CEO Lee Hoyeon, and replace the management system.”

- According to Mydaily, participants of the conference include the 3 members, the 3 parents, their lawyers and DSP representatives. The meeting lasted an hour.

- Lawyers said, “Representatives of the DSP after listening to the requests immediately said 'I do not have the authority to handle this. We will further think about this 'and said they would provide answers to the 3 members’ party at 6pm today.” He also announced “The meeting today officially was for the 3 members to make their requests, however, they also wanted to hear the stance of DSP on this case. Within today, we are planning to announce what the two parties have consulted.”

- DSP expressed, “We have received the conditions/requests, now we are in time for consideration and discussion within the company.”

Collected from various sources
by Yoo + hasomy @karaholic
take.out.with.full.credit

2011.01.25 (cont.)

- 6:10 pm this afternoon, DSP responded back to the 3 members’ requests. However, the details of these responses have not been revealed at the moment.

- Beside all the revealed requests/conditions from the meeting this morning, Joinsmsn reported that the 3 members have requested to shorten their contracts from 3~4 remaining years to end in July of next year, as they would like to end their contract at the same time their contract with Universal Japan ends. They have also requested DSP to have a transparent accounting system and contract system.

- DSP representative revealed his thoughts, “Isn’t the demand to shorten the contract and to change the executive management system a bit too much?” However, they further revealed, “We have discussed and well received part of the demands for the members to return through reinforcing the management team and making a transparent accounting and contract system.”

- According to Starnews, “In the worst case, if an agreement cannot be reached, KARA would be like DBSK and JYJ. Currently, the representative the 3rd party - Bae Hooseol has appeared.” But they also said members expressed strong desires to continue to work together therefore the possibility to reach an agreement is really high/positive. Currently the two sides are taking that aspect as a core to solve the problem.

- DSP especially said, “Because of the precious KARA’s fans and all of the KARA members, we believe that Kara will return and continue working together. Before things go out of reach, the two sides are trying hard to solve the problem.”

- According to information that was confirmed by TV report, the registration to trademark the name of KARA from DSP can hardly be accepted. The reason is because they do not have parental consent from the member Kang Jiyoung, inherently still a minor. Under Korean law, those related to minors must be approved by the minors’ legal representatives. That means if Jiyoung’s family does not approve this, the members can still use the name KARA even when they separate from DSP.

Collected from various sources
by Yoo + hasomy @karaholic
take.out.with.full.credit