Lee Seung-gi expresses disdain after Hook Leisure’s denial of withholding cash

Lee Seung-gi expresses disdain after Hook Leisure’s denial of withholding cash
Lee Seung-gi expresses disdain after Hook Leisure’s denial of withholding cash

Singer Lee Seung-gi [HOOK ENTERTAINMENT]

Singer Lee Seung-gi expressed deep remorse relating to his company Hook Leisure’s denial of the accusation that it had not paid the singer for his songs and stated it might be “meaningless” to additional lengthen the dialog with the company.
In an announcement launched Monday by Lee’s authorized representatives, regulation companies Bae Kim & Lee (BKL) and Bestway, Lee stated the company’s argument in an announcement launched final Friday isn’t true, claiming the singer had by no means obtained any fee for digital streams or downloads of his songs.
“The particular reality is that Hook Leisure purposely hid from Lee Seung-gi that there have been income being made out of digital streams and downloads and that no correct fee was made,” the assertion learn.
“The company began offering fee information to the singer lastly in 2018, however there was no single document associated to digital streams and downloads.”
Lee has been a preferred singer since his debut in 2004.
Hook Leisure launched an announcement final week saying that again in 2021, when the 2 events had been renewing their contract, they’d “checked the settlement particulars” and even “wrote an settlement to verify it.”
However Lee’s authorized representatives made it clear that the settlement particulars weren’t in regards to the funds for Lee’s songs, however had been for Lee’s funding through the technique of the company’s buy of a constructing. Lee invested 4.7 billion gained ($3.5 million) towards the acquisition.
“Hook Leisure obtained 4.7 billion gained from Lee in 2011 for the sake of buying a constructing, however the company’s CEO Kwon Jin-young didn’t maintain any promise associated to the funding,” Lee’s authorized representatives stated in an announcement.
“As Lee stated he is not going to renew his contract, the company stated it is going to account for the cash as a mortgage as a substitute of an funding, and wrote an settlement to scrap Lee’s rights as an investor.”
Lee’s authorized representatives questioned the company on how the singer would have agreed on the fee if he was not conscious of the truth that there was any cash being made out of digital streams and downloads of his songs.
Lee has come out with 137 songs all through his 18-year profession, lots of that are nonetheless widely-known hits.
Hook Leisure got here underneath fireplace after voice recordings and chat screenshots surfaced on-line final week, claiming that the company had by no means financially compensated Lee Seung-gi for his songs and repeatedly gaslighted him throughout his 18-year profession.

BY CHO JUNG-WOO [[email protected]]


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