Singer A whoŌĆÖs been close to the singer for 20 years hinted, ŌĆ£Lee Seung Gi suffered from the fact that he had not received a single penny from his agency.ŌĆØ He explained, ŌĆ£Many of the singers who debuted before the standard contract was introduced in 2009 signed an outrageous contract with their agency to share music revenue.ŌĆØ Mr. AŌĆÖs first album sold 180,000 copies, but his label refused to share the profit because of the PR expenses. ŌĆ£I made a lot of money from performing at events and showing up on TV shows, so I didnŌĆÖt pay much attention to the relatively small profit I get from music sources,ŌĆØ he explained. ŌĆ£Lee Seung Gi was an actor and showed up on variety shows, and he made quite the money from shooting commercials, so he wouldnŌĆÖt have cared too much even if his music revenue was minus.ŌĆØ The question is, when did Lee Seung Gi know about what his label stated about ŌĆ£zero music-related profits.ŌĆØ The testimonies are conflicting. A said, ŌĆ£Lee Seung Gi tried to leave the agency after finding out about it last year.ŌĆØ However, B, whoŌĆÖs been working with the singer for a long time, commented, ŌĆ£I canŌĆÖt believe this clever man only found out about this in 2021. I think heŌĆÖd known this from at least when he was discharged from the army. I think he just brought it to the surface at the right time.ŌĆØ Lee Seung Gi caught the eye of Kwon Jin Young, CEO of Hook Entertainment, when he was in high school. At the time, he dreamed of becoming a singer after his mother, who was a big fan of Hook EntertainmentŌĆÖs first singer Lee Sun Hee, recommended the career. Afterward, Lee Sun Hee acted as his vocal teacher until his debut. Therefore, did Lee Sun Hee really not know about this whole situation remains a question. B responded, ŌĆ£ItŌĆÖs true that Lee Sun Hee was the first singer to sign with Hook Entertainment, but she was solely an artist who wasnŌĆÖt involved in the label management, so thereŌĆÖs a high possibility that she did not know.ŌĆØ Hook released an official apology in the name of CEO Kwon on Monday. In the statement, Kwon wrote, ŌĆ£Once Hook Entertainment or I clarify the issue, I will take full responsibility without backing out or avoiding it.ŌĆØ However, the entertainment business believes that itŌĆÖll be difficult to settle this issue smoothly. Most of the insiders shared, ŌĆ£ItŌĆÖd be nice if things get resolved amicably, but itŌĆÖs most likely that theyŌĆÖll scar each other to some extent.ŌĆØ Source (1)
