ONE HUNDRED “IST’s claim of trademark rights for The Boyz is untrue.”

OneHundred, the new management agency of Korean boy band THE BOYZ, has weighed in again on the controversy surrounding their trademark usage.

"IST Entertainment claimed to have provided the trademark license to THE BOYZ for free, but this is not true," OneHundred said in a statement released on Friday.

"If IST Entertainment had offered the trademark license free of charge as they claimed, they would have supported THE BOYZ to retain the trademark license for the benefit of the artists and their fans," the agency said, emphasizing that IST's proposed settlement was unfavorable to the artists.

"The artists were made aware of the position statement released by IST Entertainment yesterday, which allowed THE BOYZ to use the trademark license without any negotiated terms," adding, "OneHundred has also confirmed that negotiations between IST Entertainment and the artists to use the trademark license for free have been completed."

Finally, One Hundred said, "We apologize to our fans for any inconvenience caused by the unfortunate events during the agency transfer process," adding, "We will do our best to ensure that THE BOYZ and their fans can continue their happy activities in the future."