Key Points
SM Entertainment denies knowing about Baekhyun's new company: EXO will continue their group activities..
However, EXO agency SM Entertainment has revealed plans of releasing his album in 2023...
EXO's management agency SM Entertainment issued a statement regarding Baekhyun's recent claims during a live session and claimed that they were never aware of him launching his own agency..
Earlier this year, Chen, Baekhyun, and Xiumin mutually settled their legal dispute with SM Entertainment ahead of EXO's comeback..
But, the company claimed in the latest statement, "Their (Chen, Baekhyun, and Xiumin's) existing contract [with SM] has not expired..
