Hook Entertainment: "Lee Seung-gi's Music Royalties 0 Won? That's Not True"

Claim for Settlement of Credit and Debt Relationship upon Exclusive Contract Agreement

Actor and singer Lee Seung-gi. Photo by Hook Entertainment

[Asia Economy Reporter Lee Isul] Singer and actor Lee Seung-gi (35) revealed that he had not received a single penny of music revenue from Hook Entertainment for 18 years, and urged through his legal representative that the company disclose the full settlement details of his entertainment activities. In response, the agency issued a rebuttal.

On the 25th, Hook Entertainment stated, "The claim that we have never settled music revenue with Lee Seung-gi is not true." They added, "Following Lee Seung-gi's concerns, Hook is currently conducting a thorough review with experts of the substantial amount of revenue settlements that have been paid to Lee Seung-gi over the years."

Lee Seung-gi established his own agency on May 1 last year and announced his separation from Hook Entertainment, but later unexpectedly announced a contract renewal. Hook Entertainment countered, "When the exclusive contract was terminated in 2021 and then re-signed, both parties reviewed the settlement details and financial claims and debts, and drafted an agreement confirming these facts."

Recently, a recording of conversations between Hook Entertainment’s CEO Kwon Jin-young, a director, and a manager was made public, causing a stir. Lee Seung-gi claimed, "I was subjected to insulting and threatening language from the agency’s CEO and others that is difficult to put into words." In response, Hook Entertainment apologized, saying, "We extend our apologies to Lee Seung-gi, who must be going through a difficult time. We also bow our heads in apology to those hurt by inappropriate remarks."

Some have pointed out that singer Lee Sun-hee, who was registered as a company director, also bears responsibility. Hook Entertainment clarified, "Lee Sun-hee has been an artist with Hook since its inception and was registered as a nominal director as a courtesy. However, Hook was a one-person company wholly owned by CEO Kwon Jin-young from 2006 to 2021, and Lee Sun-hee was not involved in company management or profit distribution issues."

This content was produced with the assistance of AI translation services.