Park Hyo Shin’s Agency Responds To Fraud Lawsuit

Singer Park Hyo Shin has been accused of fraud by a businessman who established a entertainment agency.

Wooil Law Firm released the following statement on June 28:

On June 27, 2019 at 11 a.m., Wooil Law Firm filed a criminal complaint to the Seoul Western District Prosecutors’ Office on behalf of businessman “A” against Park Hyo Shin on charges of fraud.

As written on the criminal complaint, Park Hyo Shin used signing of an exclusive contract as bait since November 2014 (when his exclusive contract was expiring with his previous agency “J”) to defraud a total of at least 400 million won (approximately $345,500) by receiving a 270 million won (approximately $233,200) Bentley car for himself, a 60 million won (approximately $51,800) Mercedes-Benz car for his mother, a 14 million won (approximately $12,100) watch, and 58 million won (approximately $50,100) [of money] given over six instances from the complainant.

Park Hyo Shin took the money while expressing several times that he would sign with the agency being established by the complainant. However, after his contract expired with his previous agency “J” in 2016, he kept putting off the signing of an exclusive contract established by the complainant and instead signed with Glove Entertainment. In response to the complainant who questioned the breach of promise, [Park Hyo Shin] responded, “There is nothing that can be done,” and cut off contact.

Park Hyo Shin defrauded the complainant of cars, a watch, and money without even thinking about signing an exclusive contract with the complainant since the beginning.

This has resulted in the filing of a criminal complaint.

His agency shared the following response following Wooil Law Firm’s statement:

Hello. This is Glove Entertainment.

The news reported today is different from the truth.

What we can clearly state is that artist Park Hyo Shin has never gained financial profits from another party on the condition of an exclusive contract.

Artist Park Hyo Shin is currently focusing on his scheduled concerts, and strong legal action will be taken regarding this matter once the concerts are over. We will also take strong action regarding the circulation of false and groundless rumors which defame the artist.

We ask for much cooperation so that the artist can focus on his scheduled concerts.

Park Hyo Shin will be holding his concert “LOVERS” over six days on June 29, June 30, July 5, July 7, July 11, and July 13 at KSPO Dome in Seoul.

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