[Trans] 100706 Kim Tae Hyung “Seven Years For Celebrity Contracts Is Too Short”

Former singer Kim Tae Hyung, director of the Korean Entertainment Production Committee, criticized that a seven year limit on celebrity contracts is not realistic.
Director Kim Tae Hyung attended the ‘The Results and Measures to Develop the Celebrity Standard Contract After One Year of Implementation’ meeting as part of the panel and stated, “It is not realistic to set a limit of seven years on celebrity contracts.”
He stated, “If the standard contract is followed, a trainee has to pay back the investment made to them by the entertainment agency in 2~3 years,” and “But this is impossible. Putting overseas expansion into consideration, the limited number of years for a contract should be lengthened.”
He also explained that, “Of course, the Fair Trade Committee has stated that a renewal of a contract is possible after seven years but this too is unrealistic,” and “When seven years pass, celebrities do not think about the past or their beginning, they only think about the present. That is why the worth that they demand for their work increases dramatically.”
He continued to say, “Not all singers can produce hit songs, so will all celebrities really be able to repay their agencies for all the investments put into them?”
Director Kim then continued to criticize each and every ambiguous expression in the standard contract.

Source: [star money today]
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