Losing Tens Of Billions, Kang Daniel Sues His Own Agency Shareholders

Kang Daniel (Instagram @daniel.k.here)

JAKARTA - Kang Daniel officially sued the agency's shareholders he founded, KONNECT Entertainment for alleged misuse of personal documents, embezzlement, breach of trust, violation of information and communication networks, and fraud.

Today, Monday, May 20, representative of Kang Daniel, Park Sung Woo as a lawyer from Firma Wooree confirmed the lawsuit that was made public.

"Our client reported to the Seoul Police on May 20 against major KONNECT Entertainment shareholders on charges including falsification of personal documents, embezzlement, breach of trust, breach of information and communication networks, and fraud," the firm said.

"As CEOs and artists who take care of the company for five years, clients make businesses for more than a year to avoid harm to employees and artists who believe in the party like family," he continued.

The attached documents contain various shareholder actions found by Kang Daniel. Starting from January 2023, Klein found a distribution contract payment signed in December 2022 using the CEO's name (Kang Daniel) without his consent.

The shareholder, who was initialized A, is also said to have withdrawn more than 2 billion won for overseas shipments without the CEO's approval or passing a shareholder meeting.

The client also found the company card used for personal gain of more than tens of millions of won, but reportedly with different numbers in expenses. It didn't stop there, they found more than 1.7 billion won withdrawn from an account without his knowledge.

"We are grateful and apologize for the concerns regarding the damage and distress that Kang Daniel received. This happened because we know the concerns that arise when the lawsuit is ongoing due to his past experiences," said representative Kang Daniel.

However, clients have exerted great courage in the hope that such unfair events will no longer occur in our popular cultural and art industries and this case will be the last. We will reiterate our position once the investigative authorities have thoroughly examined this case and the facts are clearly revealed. Thank you," concluded the representative.

In 2019, Kang Daniel joined LM Entertainment after ending his activities with Wanna One. two months later, Kang Daniel filed for an exclusive contract termination after finding out his exclusive contract was sold to third parties without his knowledge.

A month passed, Kang Daniel founded Connect Entertainment for his activities. He also managed to recruit a number of musicians such as Chancellor, Yuju, and We Dem Boyz dance group.