After the police raided Hook Entertainment agency, actor Lee Seung Gi stepped up and demanded complete transparent records of his fees. So, what really happened, and is it true that Hook Entertainment is on the brink of collapse? Check out the following complete story.
Actor Lee Seung Gi Steps Up and Demands Full Transparent Records of His Fees from Hook Entertainment Agency
On November 18, Sports Chosun reported that Lee Seung Gi had recently sent content certification to his agency, Hook Entertainment. According to the report, the certification of contents contains requests for full and transparent disclosure of his payment.
The report further revealed that the singer-actor suspected there had been discrepancies in his financial matters. Therefore, actor Lee Seung Gi would like his collaborating agency, Hook Entertainment, to display transparent records of their financial report about his activities.
“Lee Seung Gi’s representative seems to have suspicions that there had been problems with the amount of payment he received for his activities.
So, he asked for a transparent financial record (administrative fees, expenses, and balance) related to all his projects and activities through a legal representative.”an insider source.
Hook Entertainment Agency Confirmed the Request
Following the insider’s report, Lee Seung Gi’s partner agency, Hook Entertainment, confirmed in an official statement.
Immediately after the report circulated on the internet and social media, Hook Entertainment released an official statement. The agency confirmed actor Lee Seung Gi’s request and stated that they were currently working on reviewing the data.
“We have received a certification of contents from our artist, Lee Seung Gi. And we are currently reviewing related data and preparing a response accordingly.”Hook Entertainment.
In addition to the confirmation, Hook Entertainment agency also released an official statement regarding Lee Seung Gi’s demands. They apologized for not being able to provide detailed responses due to the complexity of the situation.
However, Hook Entertainment agency stated they were working hard to resolve the issue with the actor amicably.
What Happened Between Actor Lee Seung Gi and Hook Entertainment?
So, what really happened between Lee Seung Gi and his agency, Hook Entertainment? Does it mean that there is a serious issue between the two parties?
Previously, the public assumed the raid would be related to issues with Park Min Young’s ex-boyfriend, Kang Jong Hyun. Yet, insider reports revealed that the police raid at Hook Entertainment was related to an issue within the internal management.
A Broken Trust?
Still, apart from the police raid, there had been suspicions about friction between Lee Seung Gi and his partner agency, Hook Entertainment. That was especially what happened last year when actor Lee Seung Gi was trying to establish his HUMAN MADE agency. Suddenly, dating news about Lee Seung Gi and Lee Da In broke the internet. And not only that, it had caused massive commotion among his fans, Airen.
Although Lee Seung Gi recently confirmed the dating news, this commotion caused him to return to Hook Entertainment. Lee Seung Gi formed an exclusive partnership between Hook Entertainment and his HUMAN MADE agency. At the time, both claimed that they formed this partnership based on mutual trust and loyalty.
Nevertheless, due to the dating scandal incident, netizens began to suspect a slight amount of tension in both parties.
After all, the report also mentioned that if the agency failed to fulfill his demand, the singer-actor would proceed to serious measures and terminate his contract with the agency. And this is a shocking revelation, especially after their long-time partnership of 18 years.
Does this mean that the long-time trust has been broken?
Is The Agency Collapsing?
Finally, is Hook Entertainment really on the brink of collapse? Not only must they face issues with Park Min Young’s ex-boyfriend, the police raid, and Lee Seung Gi’s financial report demands, Hook Entertainment was reportedly losing its most valuable asset: the veteran and Oscar-winner actress Youn Yuh Jung.
Previously on November 17, Korean media reported that Youn Yuh Jung was planning to part ways with Hook Entertainment.
The report also revealed that Youn Yuh Jung had signed a verbal contract with the agency based on long-time trust in the agency. Therefore, instead of using dramatic terms like “termination of contract”, it would be more appropriate to see that Youn Yuh Jung and Hook Entertainment decided to part ways and hope for success for each other.
“After deep thoughts and consideration, Youn Yuh Jung was planning to leave her agency.
Since she had been renewing her contract with her current agency based on a long-time trust, it would be more accurate to say that she’s preparing to part ways while wishing them for the best.”an insider statement.
Hook Entertainment Denies the Report
On the other hand, Hook Entertainment immediately denied the report. They stated that it was not true that Youn Yuh Jung’s contract with the agency was expired. Still, they refused to comment on anything regarding the police raid.
“It is not true that our exclusive contract with Youn Yuh Jung is expiring.”Hook Entertainment.
So, what’s your thoughts about Hook Entertainment agency and their artists? Do you think the agency is really collapsing? Feel free to share your opinions in the comments.
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