Lee Seung Gi’s legal agent rejects Hook Entertainment’s claims that they settled all their financial obligation responsibilities

South Korean singer-actor Lee Seung Gi’s legal agent rejected Hook Entertainment’s claims in their extra declaration that they settled all their financial obligation commitments to the vocalist concerning overdue music earnings.

Lee Seung Gi’s legal agent rejects Hook Entertainment’s claims that they settled all their financial obligation responsibilities

According to Korean tabloid Soompi, Previously, it was reported on November 26 that Lee Seung Gi had actually provided CEO Kwon Jin Young an overall of 4.725 billion won (around $3.538 million) with absolutely no interest and the CEO had actually acquired had actually bought a house in the popular high-end apartment building Hannam the Hill. Hook Entertainment and CEO Kwon Jin Young both quickly reacted that the purchase has absolutely nothing to do with the firm and Lee Seung Gi.

Following the declaration, Lee Seung Gi’s legal agent launched an extra declaration. “Hook Entertainment shared through their declaration on November 25 that it is not real that they have actually not paid music earnings [to Lee Seung Gi] which they settled all their financial obligation commitments with Lee Seung Gi,” the declaration started. “We reveal deep remorse relating to Hook Entertainment’s incorrect claims, and through this, Lee Seung Gi has actually identified that additional discussion is worthless with Hook Entertainment.”

” Lee Seung Gi never ever got a declaration of represent his music revenues,” the declaration continued. “There is no other way of informing at all what type of payment Hook Entertainment made to Lee Seung Gi for his music or through what technique. What is particular is that Hook Entertainment actively concealed from Lee Seung Gi the fact that make money from music were being produced which revenue settlements based upon precise breakdowns and proof did not happen. If Hook Entertainment paid Lee Seung Gi for his music, they can offer clear proof of payment through extensive confirmation of deposit and withdrawal declarations.”

The declaration even more check out, “The computations are likewise easy. If there are settlement information of the base payment for music as Hook Entertainment declares, they can omit it from the unsettled payment. Regardless of this not being a challenging issue in the tiniest, we when again reveal remorse that [Hook Entertainment] has actually not exposed the sales and settlement declarations for his music revenues which they regularly gaslighted him previously by informing him, ‘You are a minus vocalist (significance unfavorable revenue margin).'”

Th agent even more shared, “At the time Lee Seung Gi restored his unique agreement with Hook Entertainment around 2021, they exposed that they had actually cleared up all the bond-debt relationships in between the celebrations, however this is not real in the tiniest. We wish to plainly notify that the pertinent written contract is not a settlement arrangement in between Lee Seung Gi and Hook Entertainment for his music revenues. The 2021 contract in between Lee Seung Gi and Hook Entertainment was concerning Lee Seung Gi’s realty financial investment of 4.7 billion won in Hook Entertainment.

Around 2011, Hook Entertainment got a financial investment of 4.7 billion won from Lee Seung Gi for the factor of acquiring a structure. CEO Kwon Jin Young did not keep any pledges relating to the financial investment. When Lee Seung Gi revealed his intent to end his management agreement with Hook Entertainment, Hook Entertainment exposed that they would deal with the existing financial investment as a loan, and because procedure, they composed an arrangement while getting rid of Lee Seung Gi’s rights as a financier.

We really wish to ask Hook Entertainment how Lee Seung Gi, who did not even understand the fact about music earnings being created, can settle the music earnings and make a contract on that. If Hook Entertainment asked for Lee Seung Gi sign an arrangement in 2021 with the settlement of the music earnings in mind, that is certainly a case of scams. All the problems stemmed from Lee Seung Gi’s absence of experience from having actually debuted at a young age, and we communicate that Lee Seung Gi just feels regretful for making lots of interested in individual problems.”

The legal agent concluded specifying, “We hope that the issue will be settled through clear verification of the realities which Hook Entertainment no longer triggers difficulty for lots of people any longer through distortion and lies.”

Also Read: Lee Seung Gi’s legal representative addresses non-receipt of music make money from Hook Entertainment

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