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Lee Seung Gi files lawsuit against Hook Entertainment CEO and directors for embezzlement and fraud

en Bollywood News Lee Seung Gi files lawsuit against Hook Entertainment CEO and directors for embezzlement and fraud

Hook Entertainment had been allegedly withholding music profits earned by the musician for last 18 years.

South Korean singer-actor Lee Seung Gi has reportedly filed a lawsuit against Hook Entertainment along with the agency’s former and current directors over embezzlement and fraud. According to Korean tabloid Soompi, on December 22, Lee Seung Gi’s legal representative issued a detailed statement regarding their legal complaint stating, “This morning at the Seoul Central District Prosecutors’ Office, we filed a complaint against Hook Entertainment’s CEO as well as [the agency’s] former and current directors.”

Lee Seung Gi files lawsuit against Hook Entertainment CEO and directors for embezzlement and fraud

“Like it has been reported many times, Hook hid the fact that music profits were being generated by Lee Seung Gi for approximately 18 years since his debut, and they did not pay [Lee Seung Gi],” the representative continued. “Regarding this, we filed a legal complaint against Hook Entertainment CEO Kwon Jin Young and the financial directors on the suspicions of violation of the Act on the Aggravated Punishment etc. of Specific Economic Crimes (occupational embezzlement) and (fraud).”

Additionally, the musician also learned recently that the agency’s former and current directors have not paid a part of his advertisement model profits. “Lee Seung Gi believed that approximately 10 percent was paid to the advertisement agency under the title of ‘agency commission,’ but it appears that in actuality, Hook Entertainment’s former and current directors did not pay a part of the agency commission to the ad agency and [instead] shared it amongst themselves,” his legal representative stated.

Lee Seung Gi’s legal representative shared that they sued Kwon Jin Young and three directors for fraud and occupational embezzlement. “Lee Seung Gi has never reached an agreement with Hook regarding music fees and payment. Despite this, on the morning of December 16, 2022, Hook without prior notice transferred about 4.81 billion won (approximately $3.8 million) of unsettled payment for music and defrauded advertising payment and filed a confirmation of non-existence of debt lawsuit against Lee Seung Gi.”

As per the report, Lee Seung Gi learned of this through a new report, and is yet to receive the complaint. Moreover, there is a significant gap between the amount that has been transferred and the amount Lee Seung Gi understands to be the unpaid amount. “While simultaneously responding to the lawsuit on the confirmation of non-existence of debt, we will file a counter lawsuit, and we plan on claiming damages against Hook and related personnel for unpaid music fees and illegal acts,” the legal representative stated.

Meanwhile, it has been reported that Hook Entertainment has transferred Lee Seung Gi his unpaid earnings of 2.9 billion won (over Rs. 18.74 crores), as well as 1.2 billion won (over Rs. 7.75 crores) worth of delayed interest, in full. Following the move, Lee Seung Gi took to social to share that he will donate all of his unpaid earnings besides legal fees.

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