Hook Entertainment Claims They Have Now Paid Lee Seung Gi Everything He's Owed

Hook Entertainment has released a new statement claiming that they have now paid Lee Seung Gi all of the unpaid earnings he was owed.

Last month, it was revealed that Lee Seung Gi had sent a certification of contents to his longtime agency Hook Entertainment asking for transparent disclosure of his earnings. Dispatch then published a report alleging that Lee Seung Gi had never received any of his digital music profits from the agency, which Hook Entertainment initially denied, insisting that they had gone over all relevant financial details with the singer and paid him everything he was owed when renewing his exclusive contract in 2021.

However, after Lee Seung Gi’s legal representative released an additional statement refuting Hook Entertainment’s claims, the CEO of the agency ultimately apologized and announced that she would “take full responsibility for the dispute with Lee Seung Gi.”

On December 16, Hook Entertainment followed up by releasing the following statement:

This is Hook Entertainment.

First, we sincerely apologize to Lee Seung Gi, who is the person who must be suffering the most right now due to this matter.

As is already widely known, Hook has received a request from Lee Seung Gi for transparent disclosure of his digital music earnings during the time period of his exclusive contract with our agency, as well as payment of said earnings.

Accordingly, we sent Lee Seung Gi the relevant data by the beginning of this week, and we tried to reach an amicable settlement with Lee Seung Gi based on that data.

However, the amount requested by Lee Seung Gi was too different from the amount he was owed, so we were unable to reach a mutual agreement.

In spite of this, Hook did not want a prolonged dispute over unpaid earnings with Lee Seung Gi, with whom we have maintained an exclusive contract for a long time. Therefore, aside from the base payment of 1.3 billion won [approximately $993,846], today, we paid Lee Seung Gi his unpaid earnings of 2.9 billion won [approximately $2.2 million], as well as 1.2 billion won [$917,298] worth of delayed interest, in full.

We have also confirmed that we owe no further debts to Lee Seung Gi, and in order to end our dispute over unpaid earnings with Lee Seung Gi, we have already filed a debt validation lawsuit with the court.

Regardless of the reason, Hook sincerely apologizes once again to Lee Seung Gi for causing this misunderstanding and dispute through our mistakes. We hope that in the future, we will be able to reach a transparent settlement through the court so that neither side is left with any doubts, and we will do our utmost to achieve this goal.

Once again, we deeply apologize to everyone who has been hurt by this incident.

Source (1)