Lee Jung-jae's Artist Company sues 5 former employees... Allegations of 680 million won embezzlement

Complaint filed with Gangnam Police Station on the 22nd for embezzlement and breach of trustArtist Company, in which actor Lee Jung-jae is the largest shareholder, sued five former employees for embezzlement and breach of trust./THE FACTDB[THE FACT|Reporter Choi Hyun-jung] Artist Company, an entertainment agency in which actor Lee Jung-jae is the largest shareholder, sued five former employees for embezzlement and breach of trust.According to disclosures made on the Financial Supervisory Service's electronic disclosure system on the 22nd, Artist Company filed a complaint with the Seoul Gangnam Police Station against five individuals, including former executive Mr. Lee.This lawsuit follows allegations of embezzlement and breach of trust by Mr. Lee on September 17th, and Mr. Lee and the five former executives are suspected of embezzling approximately 681.76 million won of company funds.Artist Company stated through a disclosure, "The amount of damages was calculated based on the investigation results of an external law firm and may change depending on the investigation by investigative authorities and court rulings," adding, "If the amount changes or if there are any additional matters confirmed or determined in relation to this case, we will disclose them without delay."Artist Company is an entertainment agency founded in 2016 by actors Lee Jung-jae and Jung Woo-sung. They served as founders, major shareholders, and internal directors of Artist Company, but Jung Woo-sung resigned from his director position mid-term on the 2nd. However, Jung Woo-sung maintains his relationship as an affiliated actor even after stepping down from his director role.Currently, Artist Company has actors such as Lee Jung-jae, Jung Woo-sung, Kim Hyeyoon Park Hae-jin, Bae Seong-woo, Yum Jung-ah, Lim Ji-yeon, Jo Yi-hyun, and P.O affiliated with it.laugardagr@tf.co.kr[Entertainment Department | ssent@tf.co.kr]