Dispatch reveals that Lee Seung Gi’s former agency has never paid him for his music since 2004 by lying to Soompi
Lee Seung Gi’s former agency is under fire from critics.
In 2021, Lee Seung Gi left Hook Entertainment to pursue his career elsewhere. However, one problem remains.
Recently it became known that the actor asked his former agency for a document detailing the so-called missing payments.
Then today, Dispatch revealed that Hook Entertainment hasn’t paid Lee Seung Gi a dime for his music since he began his music career in 2004.
As Dispatch points out: “That’s 18 years, 6743 days. And Lee Seung Gi received no won for his music. We are talking about a slave contract here.”
“Lee Seung Gi didn’t get a penny. However, in 18 years he released 137 songs, but the artist did not receive any money.”adds the dispatch journalist.
However, Dispatch’s investigation found that the earnings from Lee Seung Gi’s songs amounted to 9.6 billion won between October 2009 and September 2022. However, not a dime was paid back to Lee Seung Gi as the money was only booked as a music sale in the company’s bank account.
Adding the early years of his career, statistics for which are no longer available, we easily exceed the 10 billion won he earned from his music.
Dispatch also looked at the details of Lee Seung Gi’s deal with Hook Entertainment at the time.
In 2004, when it was first signed, the profit split was as follows: Lee Seung Gi 40% – Hook 60%
When it was renewed in 2009, the terms became as follows: Lee Seung Gi 60% – Hook 40%
And from 2017 to 2021 the conditions were as follows: Lee Seung Gi 70% – Hook 30%
To put it simply, Lee Seung Gi should have earned 40% of his revenue from 2004-2008, 60% of his revenue from 2009-2016, and 70% of his revenue since 2017.
Apparently, Lee Seung Gi is said to have received around 5.8 billion won ($4.5 million) between 2009 and 2021.
Additionally, Dispatch reveals that Hook Entertainment made Lee Seung Gi believe he was a “negative singer,” saying that his spending on the album was high but his music wasn’t making enough money.
In particular, while he has sold several hundred thousand copies of his albums since 2004, which was huge for the time, the people at the top of the agency sent him messages stating: “Seung Gi, your fans ask for many things, but they don’t buy an album, they don’t have money.”