Source: Sports Chosun
CBX (Chen, Baekhyun, Xiumin) eventually left SM Entertainment.
On the 9th, YouTuber Lee Jin-ho posted a video titled, "Shocking Exclusive! EXO Baekhyun SM reality! - what's the relationship with Chairman Cha's 15 billion won villa?!"
In the video, Lee Jin-ho revealed, "After the CBX so called 'SM incident' that occurred in May, discussions with SM were said to have gone well but it's true. In a related development, the three and SM have decided to part ways. The important thing here is that Baekhyun started a new company and SM agreed. It's said that they decided to join the company he founded."
"Chen will leave SM in September, Xiumin in October, and Baekhyun in January next year to work under the private company he founded. This is the conclusion they came to after discussions with SM. After they leave, they will focus on individual activities with CBX. If there are EXO schedules, they will also join and give top priority to help. Big picture, EXO activities are expected to be maintained."
Regarding Baekhyun's "villa" suspicions, he stated, "Recently, various suspicious have been raised and news spread that Baekhyun moved into the expensive Villa La Nouveau Hannam which costs 15-16 billion won. In fact, Baekhyun's acquaintances sent a lot of texts regarding this. Baekhyun says he's not trying to avoid suspicions. He accepts it as it is he just couldn't stand the unfair parts. That's why he explained the related content through a live broadcast without consulting agency officials or acquaintances."
"In the first place, Baekhyun said that when the Seongsu-dong trimage charter contract ended, he planned to move into another villa that he had sold. However, after the completion of the villa got delayed, he tried to renew the trimage contract but due to various circumstances, the renewal failed so he had no choice but to move in to La Nouveau Hannam."
Lee Jin-ho added, "But what's noteworthy is that La Nouveau Hannam is much more expensive than Seongsu-dong Trimage. Even so, it's difficult to understand why he's moving in so I looked into it. I found help from Chairman Cha, the chairman of the construction company for La Nouveau Hannam. He said Baekhyun moved into La Nouveau for the purpose of living where the office for his newly established company 'One Signature' was. He moved in through a huge loan of 13 billion won."
Regarding suspicions that Baekhyun is a "lovechild" or is being "raised up" by Chairman Cha, Lee Jin-ho revealed, "It's not true. Chairman Cha is an investor in Big Planet Made Entertainment where MC Mong is CEO and the two met through MC Mong. MC Mong and Baekhyun have a close senior-junior relationship. It's true that he consulted with MC Mong and Chairman Cha during this process. As a result, the three became very close like family. Baekhyun listed Chairman Cha's father as in-house director when establishing his new company. If he was a lovechild or getting raised up, would he need to take out a 13 billion won loan? Just think about with some level of common sense and you'll see that it's difficult to judge that it's an inappropriate relationship."
