Artist Company Releases Statement Denying Involvement Of The Agency And Their Actors With Bucket STUDIO

Artist Company has released a statement denying the agency’s and the agency’s actors involvement with businessman “Kang.”

Previously on September 28, Dispatch reported that Park Min Young is in a relationship with wealthy businessman “Kang” and brought up various allegations against him. The outlet pointed out that although Mr. Kang’s business card notes him as the chairman of Vidente, INBIOGEN, Bucket STUDIO, and Bithumb LIVE, his name is not publicly listed in relation to these companies.

Following the reports, attention was also brought to the fact that Artist Company actors Lee Jung Jae and Jung Woo Sung had invested in Bucket STUDIO in the past, raising questions about potential connections to Mr. Kang.

The following is Artist Company’s full statement:

We will explain the rumors regarding Artist Company’s relationship with Vidente and Bucket STUDIO.

The agency recruited Kim Jae Wook as Artist Company’s CEO due to his connection with the agency’s actors when he was the CEO of Fantom Entertainment, and Kim Jae Wook served as Artis Company’s CEO from 2016 to 2018.

Around October 2017, the agency’s actors made simple investments to the company known as Vidente following the recommendation of Kim Jae Wook who was serving as CEO at the time. The actors were introduced [to Vidente] as a company that produces monitoring equipment they always come across on filming sets, and they were unaware of the fact that the company was later involved in the blockchain business. They withdrew their full investment amount in around 2018, and they have come to no longer have any relation to the company mentioned above.

Around July 27, 2018, Kim Jae Wook took over Artist Company Studio (Although this company has nothing to do with our company, as far as we know, Kim Jae Wook arbitrarily made that the company name. After changing the company name, [it is now known as] Bucket STUDIO.) without any discussion with the agency or the agency’s artists. Afterwards, Kim Jae Wook sold 15 percent of his shares of Artist Company to Artist Company Studio, which he had control over, and he unilaterally notified the agency and the agency’s actors. Through this, Kim Jae Wook left Artist Company, and Kim Jae Wook changed the name of Artist Company Studio to Bucket STUDIO. This reason we just explained is the reason why [Bucket STUDIO] has come to possess shares of our company, and besides owning a share of our company, we want to reveal the point that we have no exchanges with the company and that we have no relations to [Bucket STUDIO].

The agency and the agency’s actors learned through the media of the truth that Mr. Kang is the owner of Vidente and Bucket STUDIO in practice, and we have not contacted or come into contact with that person related to Vidente and Bucket STUDIO, and we do not even have the slightest acquaintance with Mr. Kang who is being mentioned now.

The agency has considered it to be unfortunate while monitoring that the name of Artist Company has been frequently mentioned in the stock news for the company known as Bucket STUDIO. We also inform you that Artist Company has no relation to Vidente, Bucket STUDIO, Kim Jae Wook, or Mr. Kang, so we hope there will not be any mistakes.

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