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| ▲ This image, provided by nhemg, shows K-pop star Lim Chang-jung. (PHOTO NOT FOR SALE) (Yonhap) |
SEOUL, March 20 (Yonhap) -- K-pop star Lim Chang-jung is facing legal action from the concert planning agency JG Star, which claims he has failed to compensate for losses caused by a canceled concert.
JG Star announced on Thursday that it had initiated legal proceedings against Lim Chang-jung, alleging that he had not repaid approximately 10 billion won in damages.
According to JG Star, both parties signed a contract in 2020 for a 28-show nationwide tour, with 12 of those performances scheduled for 2023. However, the company claims it suffered losses because the concerts were not held due to Lim’s involvement in a stock manipulation scandal.
In April 2023, Lim was accused of having ties to an investment consulting firm linked to stock manipulation, but he was later cleared of all charges by prosecutors and returned to the music industry.
JG Star asserts that the total damages amount to approximately 1.129 billion won, including a performance fee of 700 million won and venue rental fees of 70 million won. The agency also claims that a settlement agreement was signed regarding the damages and that Lim had partially compensated about 200 million won in November 2023 by provisionally transferring ownership of a company-owned building.
In response, Mbox Entertainment, Lim's agency, disputed the claim on March 14, arguing that JG Star’s stated debt amount includes not only the remaining performance fees but also late interest and projected future earnings, making the actual amount different.
Mbox Entertainment further stated, "Lim has cooperated with all legal requirements, transferred provisional ownership of his company's building, and has faithfully fulfilled his repayment obligations. We have continued discussions with JG Star regarding the exact damage amount and repayment plans."
However, JG Star countered, "Mbox proposed a limited payment on the condition that the provisional ownership transfer is lifted, but their latest response was that repayment would be difficult."
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