Lee Seung Gi’s Legal Representative Denies Hook Entertainment’s Allegations in an Additional Statement

Hello. I am Lee Seung Gi’s legal representative.

Hook Entertainment shared that it is not true that they did not pay their music revenues in a statement on November 25. [a Lee Seung Gi] and that they have honored all their debt obligations to Lee Seung Gi.

We express our deep regret for Hook Entertainment’s unfounded allegations, and following this, Lee Seung Gi has decided that there is no point in further discussion with Hook Entertainment.

Lee Seung Gi never received a statement regarding his earnings from music. We have no way of knowing what kind of payment or method Hook Entertainment paid Lee Seung Gi for his music.

What is certain is that Hook Entertainment hid the fact that Lee Seung Gi intentionally profited from his music and no profit deals were made based on malfunctions and accurate testing.

If Hook Entertainment has paid Lee Seung Gi for his music, it can provide clear proof of payment through thorough verification of deposit and withdrawal statements. The calculations are also simple: if they have the payment details of the base payment for the music, as claimed by Hook Entertainment, they can exclude it from the unrealized payment.

While this is not at least a difficult problem, we once again regretted it. [Hook Entertainment] He has not disclosed the sales and liquidation statements of his musical earnings and has been criticized constantly for saying “You are a little singer” (that is, with a negative profit margin).

When Lee Seung Gi renewed his exclusive contract with Hook Entertainment around 2021, they announced that they were liquidating all bonds and debt relationships between the parties, but this is not true in the slightest. It is not a settlement agreement for music earnings between Lee Seung Gi and Hook Entertainment.

The 2021 deal between Lee Seung Gi and Hook Entertainment was related to Lee Seung Gi’s 4.7 billion won real estate investment in Hook Entertainment. Around 2011, Hook Entertainment received an investment of 4.7 billion won from Lee Seung Gi to purchase a building. CEO Kwon Jin Young did not. keeping all promises regarding investment. When Lee Seung Gi announced his intention to terminate his management contract with Hook Entertainment, Hook Entertainment announced that they would treat the existing investment as a debt, writing an agreement in the process, removing Lee Seung Gi’s rights as an investor.

In fact, we would like to ask Hook Entertainment how Lee Seung Gi, who doesn’t even know the truth about the music profit made, can liquidate his music profit and come to an agreement on this matter. If Hook Entertainment asked Lee Seung Gi to sign a deal in 2021 considering the liquidation of his music profits, it’s clearly a case of fraud.

All the problems were due to Lee Seung Gi’s inexperience in debuting at a young age, and we mention that Lee Seung Gi only apologized for worrying many about his personal issues. We hope that with clear verification of the facts, the problem will be resolved and Hook Entertainment will no longer trouble other people with distortions and lies.

Thank you.