[Full text] ”THE BOYZ” new management office ONE HUNDRED reveals second position on trademark dispute between IST Entertainment and ”THE BOYZ”... ”We recognize that negotiations are complete”

ONE HUNDRED LABEL (hereinafter referred to as ONE HUNDRED) has signed a partnership with IST Entertainment, the former management office of the group "THE BOYZ", to create a new group name and trademark.
ONE HUNDRED has released their official statement on the 5th. The following is the full text of ONE HUNDRED's statement:
HUNDRED. IST Entertainment, an affiliate of Kakao Entertainment, has announced that they will be releasing "THE
BOYZ," but this is not true.
If IST Entertainment provided THE BOYZ with the rights to use the trademark for free, as they claim in their statement, then our company has agreed to a
For the sake of "THE B" (official fan club), we made sure to thoroughly protect the trademark usage rights that an artist should have during the contract period with the artist.
However, two of the three conditions in the proposal that was conveyed through IST Entertainment yesterday (4th) are disadvantageous to the artist, not to our agency.
This does not match the facts of the statement that IST Entertainment provided the members of "THE BOYZ" with the rights to use the trademark free of charge.
The conditions written in the draft agreement were to take away the right of settlement that should naturally belong to the members from IST Entertainment, and to make the group "THE
The offer was not to provide trademark rights to the name "BOYZ," but rather the right to use the trademark.
I would like to reiterate that this was in no way a free offering.
Through IST Entertainment's statement yesterday, we have agreed to allow THE BOYZ to use the trademark without any negotiation conditions for their smooth activities and for the benefit of THE B.
Therefore, we at ONE HUNDRED also acknowledge that negotiations between IST Entertainment and our artists for the free use of trademark rights have been completed.
Finally, things have not been going well for the members of "THE BOYZ" since before they moved to the management office.
We apologize for the concern and trouble caused to the people of ONE B.
ONE HUNDRED sincerely apologizes. ONE HUNDRED will continue to work hard to provide only happy activities for our artists and fans.
Thank you for reading this long article.