Lee Seung Gi gets payment from HOOK, plans to donate everything
Lee Seung Gi has personally spoken up about his conflict with Hook Entertainment.
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 claimed that the company has now paid Lee Seung Gi all of his unpaid earnings.
Later in the day, Lee Seung Gi spoke up about the incident on his Instagram account.
His post reads as follows:
"I am greeting you for the first time in a while. Hello, this is Lee Seung Gi.
Honestly, I have not been very well. Getting enraged from the betrayal, frustrated from the disappointment, feeling resentment one day and blaming myself the next, I have been spending my days repeating this.
This morning, I received a text message that about 5 billion won (approximately $3.8 million) was deposited into my bank account. It seems that Hook Entertainment probably thinks that I took legal action simply to receive money. I have never even received one of those typical statements of accounts for my music profits… They are trying to unilaterally wrap up this case under the pretext of paying the unpaid earnings.
Until now, I lived without even knowing that there were music profits that I had to receive. I endured 18 years of being told that I am a “minus singer” (meaning negative profit margin). In this situation, the reason why I filed a lawsuit against Hook is not because of the unpaid earnings. Someone’s hard work and sweat should not be misused by someone else’s greed. I thought that fulfilling this mission is the best I can do.
I have received 5 billion won now. Of course, I don’t know how this amount was calculated. However, I do not understand Hook’s calculation method, so I think I will continue to fight in court. It will become a tiresome fight, and I want to first apologize for causing fatigue to the public who is watching this occur.
What I can promise, however, is that no matter the total amount of unpaid earnings, I will donate it all. Starting with the 5 billion won that was deposited today, excluding the legal aid costs, I will give back the rest to the community. This is not a decision I made in a day. The moment I decided on the fight against Hook, I decided to use all of the money I will receive to help those who are in need.
I have lived until now without knowing of my music profits. Of course, the 5 billion won I received today is such a big and valuable amount of money to me. It contains the sweat of my teens, 20s, and 30s.. However, if this money can be used for those who are more in need than me, the happiness and value I feel will exceed that of just 5 billion won.
Starting next week, I will meet with charity representatives to decide on my specific plans. There are many people who are physically impaired to the point that it is even difficult to move. There are many who have dreams but have to give up in the middle because of their circumstances. There are also those who cannot receive proper treatment even when their lives are at risk. 5 billion won might not be enough to help all of those people, but I will take action beginning with a small step forward.
And more than anything, many people supported me through this incident. I received a lot of strength as you felt anger with me and comforted me. Thank you for once again making feel that I am someone who is loved. I will return that love at least a little bit by giving back to society.
I hope you have a warm holiday season. I will diligently continue down my own path as I always have."
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: soompi 1 2 via leeseunggi.official & naver
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 claimed that the company has now paid Lee Seung Gi all of his unpaid earnings.
Later in the day, Lee Seung Gi spoke up about the incident on his Instagram account.
His post reads as follows:
"I am greeting you for the first time in a while. Hello, this is Lee Seung Gi.
Honestly, I have not been very well. Getting enraged from the betrayal, frustrated from the disappointment, feeling resentment one day and blaming myself the next, I have been spending my days repeating this.
This morning, I received a text message that about 5 billion won (approximately $3.8 million) was deposited into my bank account. It seems that Hook Entertainment probably thinks that I took legal action simply to receive money. I have never even received one of those typical statements of accounts for my music profits… They are trying to unilaterally wrap up this case under the pretext of paying the unpaid earnings.
Until now, I lived without even knowing that there were music profits that I had to receive. I endured 18 years of being told that I am a “minus singer” (meaning negative profit margin). In this situation, the reason why I filed a lawsuit against Hook is not because of the unpaid earnings. Someone’s hard work and sweat should not be misused by someone else’s greed. I thought that fulfilling this mission is the best I can do.
I have received 5 billion won now. Of course, I don’t know how this amount was calculated. However, I do not understand Hook’s calculation method, so I think I will continue to fight in court. It will become a tiresome fight, and I want to first apologize for causing fatigue to the public who is watching this occur.
What I can promise, however, is that no matter the total amount of unpaid earnings, I will donate it all. Starting with the 5 billion won that was deposited today, excluding the legal aid costs, I will give back the rest to the community. This is not a decision I made in a day. The moment I decided on the fight against Hook, I decided to use all of the money I will receive to help those who are in need.
I have lived until now without knowing of my music profits. Of course, the 5 billion won I received today is such a big and valuable amount of money to me. It contains the sweat of my teens, 20s, and 30s.. However, if this money can be used for those who are more in need than me, the happiness and value I feel will exceed that of just 5 billion won.
Starting next week, I will meet with charity representatives to decide on my specific plans. There are many people who are physically impaired to the point that it is even difficult to move. There are many who have dreams but have to give up in the middle because of their circumstances. There are also those who cannot receive proper treatment even when their lives are at risk. 5 billion won might not be enough to help all of those people, but I will take action beginning with a small step forward.
And more than anything, many people supported me through this incident. I received a lot of strength as you felt anger with me and comforted me. Thank you for once again making feel that I am someone who is loved. I will return that love at least a little bit by giving back to society.
I hope you have a warm holiday season. I will diligently continue down my own path as I always have."
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: soompi 1 2 via leeseunggi.official & naver