k-pop Surf logo

Hook Entertainment releases new statement regarding conflict with Lee Seung Gi over unpaid music profits

Hook Entertainment responded to Lee Seung Gi’s legal representative saying that the singer had not been paid for his music releases in the past 18 years.

Earlier this month, it was revealed that Lee Seung Gi had sent a certificate of content to his agency Hook Entertainment requesting transparent disclosure of the payment. Recently, the agency’s office building was also seized and searched by the National Police Agency’s Serious Crime Investigation Division on suspicion of fraud by some directors. On November 21, Dispatch released a report which stated that Lee Seung Gi did not receive any income from his music and that statements were missing for five years from 2004 to 2009. Hook Entertainment CEO Kwon Jin Young briefly responded that they are in the process of fact-checking. On November 24, Lee Seung Gi’s legal representative confirmed that Lee Seung Gi had never been informed of his music income and had received insults and threats when he asked for details of the settlement.

In addition, several media outlets have raised questions regarding veteran singer Lee Sun Hee’s connection to Lee Seung Gi’s unfair treatment as she is listed as a director of Hook Entertainment.

On November 25, Hook Entertainment shared its position on the above issues with the following statement:

Hi, this is Hook Entertainment.

First of all, we are embarrassed and would like to apologize to everyone for the constant negative news that has been coming out lately as well as the current issue between us and Lee Seung Gi. In particular, we would like to apologize to Lee Seung Gi, who is having a hard time because of this.

We would also like to bow our heads and apologize to those who have been hurt by CEO Kwon Jin Young’s inappropriate words and actions.

As mentioned earlier in the Hook Entertainment press release, we were in the process of securing and organizing accurate data to respond to the content certification we received from Lee Seung Gi’s legal representative. It is a pity that the media gives information that has not been thoroughly verified.

When Hook Entertainment and Lee Seung Gi re-signed their exclusive deal after our original 2021 exclusivity ended, both parties reviewed all details of the settlement with [Lee Seung Gi’s] career and established a debt-related financial relationship between our company and Lee Seung Gi. Both parties also concluded an agreement confirming such facts.

Nevertheless, as per Lee Seung Gi’s request, Hook Entertainment is re-examining carefully with experts the substantial amount of profit settlement that Hook Entertainment has paid to Lee Seung Gi.

In addition, a recently published report by some media regarding the content of Lee Seung Gi and Hook Entertainment’s contract, such as the profit sharing ratio, etc., and the report that Hook Entertainment never paid Lee Seung Gi once for his music revenues are not true .

We currently plan to sort things out in a transparent manner and correct and take responsibility for our mistake if proven to be so. As a celebrity management company that should have maintained relationships with its artists based on faith and trust, we apologize again.

Also, for Lee Sun Hee, since she was an artist associated with Hook Entertainment since its inception, she was nominally listed as a courtesy director, but from 2006 to 2021, Hook Entertainment was a one-person company. owned 100 percent by Kwon Jin Young, and Lee Sun Hee has never been involved in company management or profit sharing.

Along with this, Hook Entertainment is also announcing that it will not tolerate defamation and harm to its artists due to speculation on this subject and will take strong legal action through our legal representative.

Thank you.


K-pop news Daily

The latest on what’s moving k-pop world – delivered straight to your inbox




Leave a Reply

Your email address will not be published. Required fields are marked *