Kpop Idol Contract. According to the pop star Prince Mak you might sign a contract that says for the next seven to 15 years you have to stay with the group and do exactly what youre told. A Slave Contract means that the Kpop label will pay for all expenses of the artists from housing training fees food and other expenses.
Snsds contracts ranged from 5-7 jessicas and hyos was 7 and when they debut and the contract expire they sign another LONG ass contract for about 7 years tops. When a contract you sign is colloquially called a slave contract you might want to think twice. How does K-pop idol Sandara Park spend her US16 million wealth.
One understandable and quite sensible reason for the contracts is to recoup costs from the training periods of all current idols as well as those who didnt make it.
And theres another problem about idols contracts with their agencies. There sometimes is an idol who is much more popular than his or her team mates. This adds up and the average expenses for a typical Kpop trainee are around 50000 a year. Following these unfair contracts the Korean Free Trade Commission introduced standardised contracts which allow contracts between an agency and artist to last as long as only seven years.