JAKARTA - Lee Seung Gi shocked the public after it was revealed that he asked his agency, Hook Entertainment, for an open report. He reportedly did not receive royalties from his music for 18 years.
But this is not the latest news from Lee Seung Gi with his agency. Hook Entertainment was in the spotlight after their office was raided by the police. The following is a series of chronologys of the relationship between Lee Seung Gi and Hook Entertainment:
Last November 15, Hook Entertainment's agency office was raided by police on suspicion of embezzlement of funds from management. The National Police Agency searched the agency's office in Cheongdam-dong, Gangnam, Seoul for five hours.
This is somewhat unusual for the authorities to conduct searches at the agency's office. Moreover, Hook Entertainment's agency houses a number of big names in the South Korean entertainment industry.
Not a few say this happened after Kang Jong Hyun, a businessman known as ex-lover actress Park Min Young, also had a relationship with Hook Entertainment.
On November 18, Lee Seung Gi reportedly asked for a funding transparency report from Hook Entertainment. The actor wants to know the flow of funds he received considering he has joined Hook since his debut.
The agency also replied, Hook Entertainment received content certification from Lee Seung Gi and is reviewing the data. We are working hard to resolve the issue without a misunderstanding between the two parties.
On Monday, November 21, Dispatch revealed that Lee Seung Gi did not receive royalties for his musical work. He debuted as a singer through the album The Dream of a Moth in 2004 but he is said to have never received a fee from album sales.
Lee Seung Gi released 137 songs in 18 years but did not receive a fee. Launching Dispatch, his musical career resulted in 9.6 billion won or around Rp. 111.21 billion.
Lee Seung Gi considers himself a low-income singer. This news was revealed by Dispatch from the actor's conversation with a senior in the music field.
Hyung, I think I made a profit from music. Even after production with 200 million won, I received 33.6 million won," Lee Seung Gi's story.
What do you mean? How are the royalties? You make a lot of money. Have you not been paid? The senior replied.
"That's right. I'm always referred to as a singer with minus income," replied Lee Seung Gi.
What does that mean? What are the terms and terms of your contract with Hook? Why haven't you been paid yet?" asked the senior.
Kwon Jin Young, CEO of Hook Entertainment released an official statement regarding the problems the agency is facing. Although he did not mention specifically, he apologized for the news.
A lot of negative news was released about me and the agency. Regardless of whether it's true or not, I feel ashamed. Everything happened because of negligence and unwiseness, I apologize," said Kwon Jin Young.
"We are in the final stage and refrain from revealing our position because there is a possibility that it could become a legal issue in the future," he continued.
"When Hook Entertainment's position or I'm clear and legally responsible, I'll take responsibility without stepping down or avoiding it."
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