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December 16, Hooker Entertainment Issue an official press statement revealing that the agency has paid the singer/actor Lee Seung Gi A total of 5.4 billion won (about 4.1 million U.S. dollars) to resolve the ongoing legal dispute between the artist and management.
The agency said that day:
“This is Hooker Entertainment.
First of all, we would like to express our sincerest apologies to Lee Seung Gi who has to endure the most difficult times at this moment.
As previously reported, Hook Entertainment was asked to provide a transparent record of Lee Seung Gi’s music publishing income accumulated during the exclusive contract period, and to pay all outstanding fees based on the record.
As a result, the agency delivered all the requested documents earlier this week and attempted to reach a settlement with Lee Seung Gi after satisfying his demands.
However, the amount that Lee Seung Gi demanded from Hook Entertainment is far from the amount that the agency actually owes him for his unpaid income, so it cannot be resolved through legal means.
Nevertheless, in order to quickly end the legal dispute with longtime artist Lee Seung Gi of Hook Entertainment, the agency paid Lee Seung Gi 1.3 billion won (about $1) in basic income. million), unpaid revenue from music distribution of 2.9 billion won (approximately $2.2 million), and interest of 1.2 billion won (approximately $915,000).
Hook Entertainment confirmed that the agency no longer owes Lee Seung Gi any unpaid membership dues in any form, and has filed a legal request to the court, requesting the court to verify the current status of the agency as not assuming any responsibility.
Hook Entertainment once again apologized to Lee Seung Gi for the misunderstanding caused by the management error of the brokerage company, which led to this legal dispute. The brokerage company will do its best to resolve the remaining legal disputes, avoid misunderstandings, and ensure that artists can get their due income in a timely manner in the future.
Once again, we apologize to everyone who has been hurt by these recent events. ”
Lee Seung Gi’s side is expected to make a statement soon.
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