South Korean singer-actor Lee Seung Gi’s agency Hook Entertainment has responded to the reports, claiming that the artist has not received any profits or payments for his music releases for the past 18 years. According to Korean tabloid Soompi, it was revealed on November 21 that Lee Seung Gi’s music earnings between October 2009 and September 2022 were 9.6 billion won (about 55.8 million rupees).
Hook Entertainment Responds to Claims Lee Seung Gi Hasn’t Made a Profit From Music for 18 Years
In addition, the outlet notes that five years’ worth of declarations were missing from June 2004 to August 2009, bringing the speculated total amount Hook Entertainment has received from distributors to over 10 billion won (approx. Rs. 60 crores).
Following the reports, Hook Entertainment CEO Kwon Jin Young shared an official statement addressing the claims, stating, “This is Hook Entertainment CEO Kwon Jin Young. As bad stories have been coming out of the news outlets lately about me and our agency, regardless of whether they are true, I feel so ashamed.”
“Everything is due to my negligence and lack of discretion, so I am ashamed and apologize,” the statement continued. “It is reasonable to state explicitly the truth regarding the stories that are currently floating around and being reported by the press, but as mentioned in our previous press release we ask for your understanding that we are currently in the organizing phase to provide facts to review and so on we refrain from commenting on our position as it could be legally settled.”
The statement continued, “Going forward, once the issues that either Hook Entertainment or I legally have to deal with are clearly confirmed, we will not step down or avoid anything and will accept all responsibility. Hook Entertainment and I will do our best to make sure this doesn’t affect our agency stars’ entertainment promotions and will be even more careful lest there be another incident that concerns everyone.”
According to the report, the agency’s office building was also seized and ransacked by the National Police Agency’s Serious Crimes Investigative Branch on suspicion of embezzlement by some executives.
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