The long dispute between Hook Entertainment and Lee Seung Gi has finally settled down as the agency claims to have paid the settlement of Lee Seung Gi’s earning profits to him.
Hook Entertainment announced that they have paid Lee Seung Gi 2.9 billion won ($2,216,600) in unpaid adjusted settlement and 1.2 billion won($1,451,000) in the delay interest rate and explained the reason why they couldn’t settle his fees before to be the difference in settlement data between both parties which made it difficult to reach an agreement. However, they decided to end this long dispute with the actor by finally paying to settle the amount.
Check out the full official statement of Hook Entertainment below:
Earlier, Lee Seung Gi demanded proof of contents from his agency through the law firm Pacific Ocean on November 17, saying that he had not properly received the proceeds of his music for over 18 years when he signed an exclusive contract with Hook Entertainment. Hook Entertainment has been in the middle of controversy after being raided by the National Police Agency.
Later, Dispatch released an alleged audio recording, which is the conversation between CEO Kwon, the director of Hook Entertainment, and the manager of Lee Seung Gi at a meeting on November 17, which caused a stir and the repercussions grew. Following the explosive report, Hook Entertainment announced that the claims regarding not paying music profit earnings are false and they have cleared all debt relations between the parties when they renewed the contract with Lee Seung Gi around 2021. However, the legal representative Lee Seung Gii refuted Hook Entertainment’s statement and concluded that any further discussion with the agency is meaningless. the actor has since filed to have his contract terminated with the agency.
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