Singer-actor Lee Seung Gi is leaving Hook Entertainment agency for good. And without Lee Seung Gi, Hook Entertainment is a sinking ship. Check out the following reports for a full story about Lee Seung Gi leaving Hook Entertainment.
Hook Entertainment CEO Kwon Jin Young Posted Official Apology
On November 30, Hook Entertainment CEO Kwon Jin Young apologized to the public in an official statement. She expressed her intention to take full responsibility and would even dispose of her personal properties if necessary.
Lee Seung Gi to Terminate Exclusive Contract with Hook Entertainment: Leaving the Agency for Good
However, even with her official apology, the damage is done.
On December 1, Korean media reported that Lee Seung Gi would be leaving Hook Entertainment agency for good. The singer-actor had sent a notice to terminate his exclusive contract with the agency following the ongoing dispute of unfair payment and gaslighting with company CEO Kwon Jin Young.
Based on an exclusive report from News 1, Lee Seung Gi’s representative had requested certification of content for his digital music revenue. However, Hook Entertainment never gave a proper answer. Instead, they only sent reports containing a lack of data and missing documents.
News 1 report further mentioned that Hook Entertainment’s side had partially acknowledged the unfair settlement of Lee Seung Gi’s music. Therefore, it means that the agency had violated its obligations under the exclusive contract. And since the agency did not make any corrections, it automatically called for the termination of the exclusive contract between Lee Seung Gi and Hook Entertainment agency.
Lee Seung Gi is finally leaving Hook Entertainment for good.
“It is difficult to even clarify or confirm any facts clearly at this stage. Therefore, we cannot think of an amicable resolution with Hook Entertainment.
We’re hoping for a responsible answer from Hook Entertainment that will clearly confirm the fact underlining Lee Seung Gi’s music revenue settlements.”Lee Seung Gi’s representative.
Hook Entertainment is A Sinking Ship After Lee Seung Gi Leaving the Agency
Once the reports of Lee Seung Gi leaving Hook Entertainment circulated on the internet and social media, the anticipation of what became the company’s future started rising.
As we all know, Lee Seung Gi plays a massive part in building the company’s reputation. The agency managed to rise to this day thanks to its top-tier artists, including Youn Yuh Jung and Lee Seung Gi.
But now that Lee Seung Gi is leaving Hook Entertainment due to the company’s unfair treatment and CEO’s gaslighting, Korean media predicted that the company is a sinking ship.
Hook Entertainment Under Investigation by Police & National Tax Service
Hook Entertainment is currently under investigation by the police. And as if that was not enough, CEO Kwon Jin Young was suspected of using the company’s funds for personal expenses and even tax evasion. The company CEO had allegedly embezzled about 2.8 billion KRW (2.2 million USD approximately) according to Dispatch report.
On December 1, Chosun DB exclusive report revealed that the South Korean National tax service had started to verify allegations of CEO Kwon’s tax evasion. As a result, Hook Entertainment and its CEO Kwon Jin Young will be under official investigation if any allegations are verified.
“We are aware of the issues regarding Hook Entertainment and CEO Kwon Jin Young private use of corporate expenses through media reports. So, we are currently checking internal tax source information, including expenses and evidence.”South Korean National Tax Service.
Interestingly, this tax evasion investigation is exceptionally ironic. That is because all this time, Lee Seung Gi was highly famous for being an exemplary taxpayer. His dedication even brought him to receive the Presidential Awards as Exemplary Taxpayer Ambassador 2022
Issues Revolving Around Other Hook Entertainment Artists
Furthermore, the report also stated that Hook Entertainment is currently in a state of paralysis. It means that following the severe mistreatment Hook Entertainment had done to Lee Seung Gi, which resulted in him leaving, the agency is currently unable to operate fully. And that is especially when this case has affected the company’s other artists.
Hook Entertainment’s #1 top entertainer Lee Sun Hee is under suspicion and allegations of being involved in Lee Seung Gi’s unfair payment disputes. This suspicion has damaged her reputation even after Hook Entertainment had defended her.
The company’s latest addition, actress Park Min Young is doing just fine, indeed. However, it was her dating rumor with Kang Jong Hyun that previously ignited all the focus on Hook Entertainment, even more when the agency has certain ties with the shady billionaire.
And the ultimate damage comes from the oscar-winning pillar of the agency, veteran actress Youn Yuh Jung. Reports circulating in Korean media are that Youn Yuh Jung is currently thinking of transferring out of the agency.
Lee Seung Gi is Finally SAFE!
Still, what is most important right now is that Lee Seung Gi is finally safe from all the long-time of gaslighting and mistreatment by Hook Entertainment agency. The singer-actor can finally take a deep breath in relief and rebuild his career with his HUMAN MADE Agency.
On top of everything, Lee Seung Gi will be able to get his confidence back after the revelation of his outstanding reputation as a singer. No more gaslighting and delusion into believing he is a minus singer.
At last, singer Lee Seung Gi will thrive instead!
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