Singer-actor Lee Seung-gi sues executives of former agency for alleged fraud, embezzlement

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South Korean singer-actor Lee Seung-gi has sued the executives of his former agency for alleged fraud and embezzlement.

This was in response to a press release launched by his lawyer on Thursday (Dec 22), who stated that Lee filed the lawsuit on the Seoul Central District Prosecutors’ Office on the identical day.

It was revealed in November that the 35-year-old had not obtained any funds from his then agency Hook Entertainment for the digital downloads or streaming of his songs, regardless of releasing 137 songs since his debut in 2004.

“Just as it has been reported in the press a few times, Hook Entertainment has been hiding the truth about the profits from Lee Seung-gi’s music for the past 18 years and did not pay him for it,” stated the assertion, in response to a translation by South Korean leisure web site Koreaboo.

“Regarding this, we have sued Hook Entertainment’s chief executive Kwon Jin-young and the executive directors for violating the act for specific economic crimes (occupational embezzlement) and specific economic crimes (fraud).”

Lee reportedly nullified his contract with Hook Entertainment as of Dec 1. He additionally learnt just lately that the agency has been withholding half of his commercial modelling charges.

The assertion continued: “He thought that about 10% of his fees as a model for a few years was provided to the advertisement company as ‘agency fees’, but in truth, the previous and current directors had not given it to the advertisement company and shared a portion among themselves instead.”

Lee raised the difficulty with the agency, which admitted its faults and paid Lee about 630 million gained (RM2.17mil) in delayed charges.

The assertion additionally stated he didn’t attain an settlement with Hook over the music funds. However, the agency transferred 4.81 billion gained to Lee on Dec 16 with none prior discover and filed in court docket claiming the elimination of money owed between each events.

“The above settlement amount remitted unilaterally by Hook Entertainment is also different from that of the one that Lee Seung-gi is aware of,” stated the assertion.

“He will hence respond to the claim for the non-existence of debt and file a counterclaim to claim unpaid fees for music and damages for their illegal activities.” – The Straits Times/Asia News Network



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