On November 28, Lee Seung GI’s legal representative released an additional statement as a follow-up to the ongoing issue regarding the artist’s payment for his music profits.
Previously, Korean news outlet 10Asia reported on November 26 that Lee Seung Gi had lent CEO Kwon Jin Young a total of 4.725 billion won (approximately $3.538 million) with zero interest and the CEO had purchased had purchased a residence in the famous luxury apartment complex Hannam the Hill. Hook Entertainment and CEO Kwon Jin Young both briefly responded that the purchase has nothing to do with the agency and Lee Seung Gi.
The following is the full statement from Lee Seung Gi’s legal representative:
Hello. This is Lee Seung Gi’s legal representative.
Hook Entertainment shared through their statement on November 25 that it is not true that they have not paid music profits [to Lee Seung Gi] and that they settled all their debt obligations with Lee Seung Gi.
We express deep regret regarding Hook Entertainment’s false claims, and through this, Lee Seung Gi has determined that further conversation is meaningless with Hook Entertainment.
Lee Seung Gi never received a statement of accounts for his music profits. There is no way of telling at all what kind of payment Hook Entertainment made to Lee Seung Gi for his music or through what method.
What is certain is that Hook Entertainment purposefully hid from Lee Seung Gi the truth that profits from music were being generated and that profit settlements...
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