Lee Seung Gi is currently in conflict with his management, Hook Entertainment. He did not get royalties as a singer during a career for 18 years under the auspices of this management. Not long ago, Dispatch even revealed a recording that the CEO of Hook Entertainment allegedly gave threats to Lee Seung Gi after the actor asked for transparency of income.
Through a lawyer, Lee Seung Gi also confirmed that he often received insults and threats from the CEO. Now, news appears again that reveals the results of the company's fiscal report. Hook Entertainment is said to have borrowed KRW 4.7 billion (Rp. 54 billion) from Lee Seung Gi without interest.
They borrowed money for management purposes and operational costs in 2013. Even so, Hook Entertainment is said to have paid back the loan money at once. They returned the debt after 7 years in 2020. This of course made Hook Entertainment again get blasphemy from the public. It is not uncommon for an entertainment label to borrow money from its artists for any purpose.
"There is a possibility that the management is using the celebrity's name to fund or borrow money on special terms requested by the celebrity," said one industry insider. "There are tax advantages to buying real estate through a corporation, but there should be further investigation into cash flow and tax filings," he concluded.
Previously, Lee Seung Gi 's lawyer revealed that the actor planned to carry out an in-depth examination of the legal relationship between Hook Entertainment, including CEO Kwon, and Lee Seung Gi. Thus, they firmly asked the management to reveal the details of Lee Seung Gi 's sales and profits in the entertainment industry.
"Regarding this matter, we thank and apologize to the public who have supported Lee Seung Gi," said the attorney. "Lee Seung Gi will do his best so that this does not affect the projects that are being worked on in the future. We will deliver a separate statement after examining the clear truth of the matter in more detail," he concluded.
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