LeeSeungGi's side strongly denies Hook Entertainment's claims that 'financial records were confirmed by both sides in 2021'
that the agency withheld Lee Seung Gi's music distribution earnings for 18-years, instead claiming that"due payments were fulfilled with both sides signing a mutual agreement."
Earlier this week, various media outlets reported that Hook Entertainment had borrowed 4.7 billion KRW from Lee Seung Gi with 0% interest in 2011. Years later, when Lee Seung Gi expressed his desire to leave Hook Entertainment to establish a one-man agency, Hook Entertainment gaslit Lee Seung Gi into staying by offering the singer/actor approximately 6.
What is clear to us is that Hook Entertainment intentionally hid financial details involving Lee Seung Gi's music earnings from the artist. Additionally, there are no records with clear information of the earnings, and thus no proper payments were made. In fact, Hook Entertainment did not begin sharing a record of Lee Seung Gi's individual earnings until 2018, but even within these records, there are no mentions of his earnings through music distribution.
Furthermore, Hook Entertainment stated that all payment obligations were met in 2021 during Lee Seung Gi's contract renewal period, but this is false. The agreement that Lee Seung Gi signed during this time was not an agreement involving Lee Seung Gi's music earnings. This agreement specifically involved the property investment that Lee Seung Gi made in 2011 for Hook Entertainment, amounting to 4.7 billion KRW .
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