The bitter legal battle between SS501 singer Park Jung Min and his former record label CNR Media, finally came to an end last week, after the star reportedly agreed to an out of court settlement.

Agreed to on May 22, the settlement was reportedly less than Park's original requested sum of $180,000.

Yet, Park's lawyers claim the 10-month legal action was never about the money.

"We weren't seeking to get any money for the lawsuit from the beginning," one of Park Jung Min lawyers told the Korea Star Daily.

"We only wanted to clarify our stand and clear up all ties with his former agency. This new development will allow Park Jung Min to focus all his energies on his current activities."

The SS501 singer's decision to lower the amount he felt CNR Media owed him after terminating a three-year exclusive contract he signed in 2010, was prompted by reports that his former agency is struggling financially.            

Back in August, a couple of weeks after Park filed his initial lawsuit, CNR Media employees told the publication TV Daily that the star's demands were unfair, and a judge's initial ruling allowing him out of his contract was unjust.

"In this matter, the artist's request was too much," said Hwabo, head of legal affairs for CNR. 

"The company's payment was reasonable, but still he filed a lawsuit to terminate the contract, without giving an attempt to settle the affair with the company and has started activities on his own. Therefore, we refuse to accept the court's decision in terminating the contract, thus decided lodge a counter appeal. Also, we have many related supporting documents."

A CNR Media public affairs spokesperson blamed the lawsuit for the company's financial struggles, alleging that the star caused major credibility issues for the label after announcing "Park Jung Min worked, but did not receive money."

Park is currently completing a new album and planning promotional tours in Japan and Taiwan.

The singer's new record label Yamaha A&R promptly issued a statement trumpeting the star's victory over his old management company.

"Park Jung Min has cleanly closed his relationship with CNR Media," the statement read.

"He's been exempted from all the related businesses and miscellaneous contract issues with his previous label."