South Korean singer Kang Daniel has sued one of the main shareholders of his independent agency, KONNECT Entertainment
South Korean singer kang danielfiled a lawsuit against one of the main shareholders of KONNECT Entertainment, an independent agency created and managed by Idol himself.
This Monday, the 20th, it was reported through the Entertain Naver portal (via Soompi), that the shareholder in question holds approximately 70% of KONNECT Entertainment’s shares, and has received accusations that include falsification of private documents, breach of trust, violation of information and communication network and computer fraud.
Furthermore, the legal representative of kang danielreleased the following statement:
Hello. This is Wooree Law Firm (attorney in charge: Park Sung Woo), the legal representative of Kang Daniel. On behalf of the client, we would like to convey his position regarding the recent criminal complaint published through the media.
The client filed a criminal complaint with the Seoul Metropolitan Police Agency on May 20 against the major shareholder of KONNECT Entertainment on charges including: forgery of private documents, embezzlement, breach of trust, breach of information and communications network, fraud by computer use, etc.
As the CEO and artist who has protected the company for the past five years, the client has made every effort for over a year to minimize harm to affiliated artists and employees who have trusted and followed him like family, as well as third-party contractors. However, he came to the heavy conclusion that there is no other solution than to hold those responsible legally responsible, which led to the filing of this criminal complaint.
1. Regarding the accusations of forgery and private document issuance: In January 2023, the customer discovered that a prepayment distribution contract worth more than 10 billion won (approximately 7.4 million US dollars) was signed in December 2022 using the CEO’s name without his knowledge, through the corporate seal. The contract was signed without the approval of the CEO or the artist. Despite multiple questions about contract procedures and important details, no answers were provided, and the client had to personally obtain bank transaction records to confirm the facts.
2. Regarding the embezzlement accusations: It has been confirmed that more than 2 billion won (approximately 1.5 million dollars) were withdrawn from the company’s account through overseas remittances and commercial income processing methods without any proper procedures , such as CEO approval, board resolutions, or shareholder meeting resolutions.
3. Regarding accusations of breach of trust: The client also discovered that an undesignated corporate card was used to spend more than tens of millions of won, which were falsely recorded in the accounting books as the client’s auxiliary expenses.
4. Regarding the charges for violation of the information and communication network and computer fraud: Upon checking the company’s financial transaction records, the client discovered that more than 1.7 billion won (approximately 1.3 million dollars) were withdrawn from your own bank account without your knowledge.
We appreciate and regret the concern of those who read the articles related to the harm and distress received by Kang Daniel. Mainly because we know the concerns that arise when a lawsuit is underway due to your past experience. However, the client mustered great courage in the hope that such unfair incidents will no longer occur in our popular culture and arts industry and that this case will be the last.
We will convey our position again once the investigating authorities have thoroughly examined the case and the facts are clearly revealed. Thanks.
Source: Recreio
