yea baby finally.
South Korea's polices are currently involved in a big investigation which was launched to the popular music world. South Korean biggest entertainment company S M was involved in this issue, and General Manager Kim Jinggu (not sure bout name) was suspected to be involved in the illegal annexation of the company's properties which reached as high as 1.1 billion Yuan (around 100 over million USD).
He is the right-hand man of Chairman Lee Sooman, and Lee Sooman is also involved in this matter. It is reported that Lee Sooman is currently hiding in America with the excuse of doing some business there, and refuses to assists the investigation. On 3rd August, when Korean reporters spotted him relaxing in a golf course in Los Angeles, America, and asked him when is he going back to Korea, he ignored them and refused to answer.
There're more reports abot how his deeds and all but it's kinda not important.. So i'll just summarise it here :
In 2001, after H.O.T. disband, there were loads of news & reports about SM with their dirty jobs. Things like HOT getting 20 won per copy of CD sold (less than 3 cents USD) and Shinhwa having to release 'half-naked' photobook, plus him forcing the artist to work despite their health conditions. And there was a time where all the SBS's host were SM artist and they suspected that both the companies have illegal agreement.It's also said that for the artists, in order to get their records money, they need to make sure that there's at least 90 showings of the MV per month. If not, they need to pay SM 10,000,000 won.
Other companies like GM, DOREMI MEDIA, SIDUS and the rest are also under investigation.
Source : Southern Online News
He is the right-hand man of Chairman Lee Sooman, and Lee Sooman is also involved in this matter. It is reported that Lee Sooman is currently hiding in America with the excuse of doing some business there, and refuses to assists the investigation. On 3rd August, when Korean reporters spotted him relaxing in a golf course in Los Angeles, America, and asked him when is he going back to Korea, he ignored them and refused to answer.
There're more reports abot how his deeds and all but it's kinda not important.. So i'll just summarise it here :
In 2001, after H.O.T. disband, there were loads of news & reports about SM with their dirty jobs. Things like HOT getting 20 won per copy of CD sold (less than 3 cents USD) and Shinhwa having to release 'half-naked' photobook, plus him forcing the artist to work despite their health conditions. And there was a time where all the SBS's host were SM artist and they suspected that both the companies have illegal agreement.It's also said that for the artists, in order to get their records money, they need to make sure that there's at least 90 showings of the MV per month. If not, they need to pay SM 10,000,000 won.
Other companies like GM, DOREMI MEDIA, SIDUS and the rest are also under investigation.
Source : Southern Online News
