On the 25th, Hook issued an official statement regarding the ongoing issues surrounding Lee Seung Gi. ŌĆ£WeŌĆÖd like to express our sincere apologies for the constant upsetting news and the ongoing problem with Lee Seung Gi, and we especially apologize to Lee Seung Gi who must be having a tough time because of it,ŌĆØ the company wrote. ŌĆ£We bow our heads and apologize to those who were hurt by CEO Kwon Jun YoungŌĆÖs inappropriate words and actions.ŌĆØ However, Hook explained that Lee Seung Gi settled all financial transactions and signed a written agreement back in 2021 when the singer ended but then renewed his exclusive contract with the agency. ŌĆ£Nevertheless, after Lee Seung Gi posed a question, Hook Entertainment is carefully reexamining the considerable amount of revenue that we have paid the singer with the experts,ŌĆØ the agency continued. They also stressed that one media outletŌĆÖs report about Lee Seung Gi getting snubbed of his music profits his entire career is not true. Moreover, they also stepped up to defect Lee Sun Hee, who was suspected of neglecting Lee Seung Gi when she was his teacher and an executive at Hook. ŌĆ£In the case of Lee Sun Hee, sheŌĆÖs been Hook EntertainmentŌĆÖs artist since the very beginning, so she was nominally listed as a director out of courtesy,ŌĆØ Hook stated. ŌĆ£But Hook was a one-person company in which CEO Kwon Jin Young owned 100% of the stock from 2006 to 2021, and Lee Sun Hee was not involved in the companyŌĆÖs management in any way.ŌĆØ Source (1)