New standard contract announced for ”FIFTY FIFTY Affair”...If a member moves to a new agency, they will not be able to use the recordings from the previous management office for three years

Last year, the Korean girl group "FIFTY FIFTY"'s affair caused a further problem in the music industry, which was the "tempering" (contacting other agencies in advance before the exclusive contract period expires).
On the 3rd, the Ministry of Culture, Sports and Tourism announced two types of revisions to the "Standard Exclusive Contract for Popular Culture Artists" (one each for singers and actors).
The proposed amendments include matters such as the ownership of intellectual property rights, such as copyrights and publicity rights, management authority, and ensuring transparency in settlement and profit distribution for entertainers.
Looking at the details, the direct regulation clause for tempering, which was the most important factor, was still not prepared. However, when entertainers moved to a new management office after the exclusive contract ended,
If a new member re-registers at the previous management office, the period during which they are unable to use audio recordings and content produced by the previous management office has been extended from one year to three years.
The exclusive contract period will be based on seven years as in the current version, but the revised version will
The contract period cannot exceed seven years, and any extension must be agreed in writing. The revised bill also amends the publicity rights, including portrait and voice rights, as follows:
This is basically the right of the celebrity in question. In addition, to prevent settlement disputes, the settlement period for sales of content generated after the contract period has ended will also be clearly stated.
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