In a major legal development, K-pop sensation Kang Daniel has filed a formal complaint with the Seoul Metropolitan Police Agency in South Korea, accusing individuals of criminal offenses and fraud.
According to YTN, the complaint is directed towards “A,”who holds the majority (about 70%) shares in Kang’s agency, KONNECT Entertainment. The complaint is centered around a contentious ₩10.0 billion KRW (approximately $7.38 million USD) advance distribution contract.
📰 News reports said, “On May 20, Kang Daniel filed a lawsuit against a partner. on charges of fraud (embezzlement) for using his name and position in the company to impersonate Caused damages to the company of 14 billion won (approximately 380 million baht) according to YTN’s report today (20 May) Kang Daniel… pic.twitter.com/nzKYfbLY7B
— With Kang Daniel Thailand (@WithKDN_TH) May 20, 2024
Kang Daniel claims that he suffered significant financial damages after it was discovered that shareholder A had allegedly forged his identity and misused the company seal to secure a highly profitable contract in December 2022.
Kang’s decision to seek legal action for this unauthorized incident has brought attention to serious concerns regarding internal malpractices within his agency.
#KangDaniel has reported complaint to police against Mr.A, the largest company shareholder (70%), for fraud and violation of criminal law.Kang claims “A”has signed an advanced distribution contract in Dec 2022 by stealing KangDaniel’s name & stamp without his knowledge.The… pic.twitter.com/wfWJC4RccQ
— KoreanUpdates! (@KoreanUpdates) May 20, 2024
Kang Daniel, the founder and CEO of KONNECT Entertainment since 2019, is anticipated to part ways with the company when his exclusive contract expires next month.
This progress signifies a possible pivotal moment in Kang’s professional journey as he charts his path forward beyond the confines of the agency he founded.
Kang Daniel been trying to settle this matter for a whole year trying to avoid damage towards his staffs and artists under the company, how did he do it… He looked happy but what do i fucking know?
— Ash 🐶 (slow) (@kdnildeung) May 20, 2024
The complaint has revealed the hidden tensions that exist within KONNECT Entertainment.
Kang Daniel sues the majority shareholder of his agency… “Forgery of private documents worth 10 billion won” #Kang Daniel #Sue #Major shareholder #10 billion won #Forgery of private documents #KANGDANIEL https://t.co/LgECXaodGD
— Xports News (@xportsnews) May 20, 2024
In recent times, the agency has received criticism from fans for not adequately promoting YUJU, another artist under their management.
The increased scrutiny on KONNECT’s management practices and overall operational integrity has been further fueled by this criticism.
It has been reported that Mr. A withdrew a large sum of money from the company’s account, used the corporate card for improper purposes, and withdrew a large sum from Kang Daniel’s personal account without his consent, which has been included in the complaint.😭😭😭😭😭😭
— 𝐢𝐧𝐚𝐯𝐧𝐧 ྾ 𝒩𝒾𝒾𝒾𝒾₁₁₂₉ (@inevan) May 20, 2024
Kang Daniel’s bold response to the majority shareholder not only highlights his dedication to transparency and accountability, but also brings into question the future direction and leadership stability of the agency.
THESE ARE A FEW RESPONSES FROM INTERNET USERS:
Niel, man, he worked so hard to build this agency. You guys are so mean!
No wonder he disappeared for 2 months He could be traumatized by this, his trust issues are getting worse, especially with the same kind of case like Lemon. Stay strong, Niel
Daniel is a good person, but his agency has never treated him well. Even though it’s his own agency, the higher-ups are problematic.
Niel, damn, he worked so hard to build this agency. You guys are so cruel
People keep stabbing him in the back and deceiving him. He has been living with a steel mentality, and his solo struggles never end. I’m crying
As the legal process continues, both the K-pop industry and fans are closely observing the outcome of this highly-publicized conflict.
The ongoing legal dispute for Kang Daniel serves as both a hurdle and a chance for him to redefine his career path, opening doors for potential collaborations and ventures outside of KONNECT Entertainment.
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