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Hook Entertainment has responded to related reports Lee Seung Gi Lent billions of won (millions of dollars) to its CEO over the past eight years.
On November 26, South Korean news media 10Asia reported that between 2014 and 2021, Lee Seung Gi lent Hook Entertainment CEO Kwon Jin Young a total of 4.725 billion won (about 3.538 million U.S. dollars) at zero interest.
Additionally, 10Asia reported that during this period, Kwon Jin Young purchased a residence worth 3.4 billion won (approximately US$2.5 million) at Hannam the Hill, a well-known luxury apartment complex, and paid for it in cash. The timing of the purchase has fueled speculation that Kwon may have used Lee’s short-term loan to buy an apartment for himself. The apartment is now worth more than 7 billion won ($5.2 million).
On the morning of November 27th, Hook Entertainment made a simple response to the report, “Hannam the Hill [residence] It is Kwon Jin Young’s personal matter and has nothing to do with Hook Entertainment. “
Meanwhile, CEO Kwon Jin Young commented: “[The purchase of the apartment] Nothing to do with Lee Seung Gi. “
Earlier this month, it was disclose Lee Seung Gi sent a certificate of content to Hook Entertainment requesting transparent disclosure of payment. Dispatch then publishes a Report Claiming that Lee Seung Gi never received any digital music revenue from the agency, Lee Seung Gi’s legal representative Add to When the star demanded a breakdown of profits, he was insulted and threatened.
However, Hook Entertainment reject The allegations filed by Dispatch claim that they have verified all relevant financial details with Lee Seung Gi and paid him all amounts owed to him when the exclusive contract is renewed in 2021.
Meanwhile, Hook Entertainment recently went through a search and seizure The National Police Agency’s Serious Crime Investigation Division has been indicted for alleged embezzlement of public funds by some executives.
Top image credit: Xportsnews
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