In response to all these plentiful accusations, HOOK Entertainment has released a new official statement to counter the claims.
Hello. This is HOOK Entertainment.
Firstly, in light of having shown our bad sides to everyone due to the continuous bad press and our feud with Lee Seung Gi, we wish to say sorry and that we are too embarrassed to face everyone. In particular, we wish to say sorry to Lee Seung Gi, who is having a hard time due to this matter. We also bow our heads in apology to those who were hurt by the wrong words and actions of our CEO, Kwon Jin Young.
Just as we have previously mentioned in articles, we are in the midst of attaining and organizing accurate materials to address the evidence from Lee Seung Gi’s legal representation. But it is a pity that unconfirmed claims are going around in the media.
At the point in time where our exclusive contract with Lee Seung Gi ended in 2021 and we were signing a renewal, both parties checked the records of payouts, and we completed the financial payout responsibilities between us during that time. This was confirmed with Lee Seung Gi, and a written agreement was also made.
Despite this, as Lee Seung Gi brought up an issue, HOOK Entertainment, together with professionals, is currently reviewing the payouts carefully to Lee Seung Gi, which total a substantial amount. In addition, recently, a media outlet announced the contractual clauses between our company and Lee Seung Gi, including the profit split, etc. They wrongly published that we have not issued payments, even once, for digital music streams to Lee Seung Gi.
We plan to take responsibility for and right any mistakes in our work as we organize them in the present. We are sorry that we were unable to show positive sides of us when trust is the most important thing to maintain the relationship between the artist and the company.
And with regards to Lee Sun Hee, she has been an artist with us from the start, so we registered her name as a director in the company as a show of respect and gratitude. But from 2006 to 2021, Kwon Jin Young has been a shareholder of 100% of the company shares as a sole owner company, and Lee Sun Hee does not gain any financial profits as a director. We will not remain silent when our artists are being slandered or hurt by related speculation and taking strong legal action.
Thank you.
— HOOK Entertainment
Lee Seung Gi has not addressed the counter yet.
