Lim Chang-jung opened his mouth after eating 1 billion won (Full Story)
Mar 14, 2025
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On the 14th, Lim Chang-jung's performance agency Mbox Entertainment signed a national tour concert with performance agency A in 2022 and received a guarantee of 1 billion won, but the performance was canceled due to controversy over stock price manipulation. However, Lim Chang-jung did not return the guarantee he received from Company A at the time.
In response, Lim Chang-jung argued that the actual amount of debt is different from what is claimed because the company A mentioned includes not only the remaining concert guarantees that were not carried out due to the incident at the time, but also the total cost of compensation for damages (cancellation fees, various promotional expenses), delayed interest, and future expected profits.
"Some of the current damages were reimbursed, and due to the loss of reimbursement ability at the time, we have prepared an agreement at the request of Company A to transfer the company-owned office building to Company A, actively cooperating with all legal demands, and faithfully fulfilling our obligation to reimburse."
In this regard, the agency and Lim Chang-jung have made every effort to reimburse the company in order to take maximum responsibility for the cost of damage, and until recently, they have contacted the company several times about the amount of damage and the reimbursement plan"We will fulfill our responsibilities."
Earlier, Company A reportedly felt sorry for Lim Chang-jung's situation, which suffered from hardships at the time, and suffered billions of won in damage, and Lim Chang-jung also expressed gratitude.
However, the relationship between A and Lim Chang-jung was cracked in 2024. Lim Chang-jung was cleared of the stock manipulation case in June 2024. And signed a performance contract with Mbox Entertainment. According to officials, the performance guarantee paid to Lim Chang-jung by Mbox Entertainment is estimated to amount to 1.5 billion won.
Recently, Lim Chang-jung opened a ticket to a solo concert commemorating the 30th anniversary of her debut on the 12th and continued her tour at the Daegu Expo Auditorium on May 3, the Busan Dream Theater on May 24, and the Yonsei University Grand Auditorium in Seoul on May 31.
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Hello, we're Mbox Entertainment.
This is our position on the report on Lim Chang-jung's performance guarantee, which was reported on the 13th.
I would like to inform you that the claim of Company A, the performance agency that held the national tour concert in 2020-2021, is different from the truth.
The non-return guarantee mentioned by Company A includes not only the remaining concert guarantees that were not carried out due to the incident at the time, but also the damages (cancellation fees, various promotional expenses), delayed interest, and expected future profits of Company A, so the actual amount of debt is different from what is claimed.
Currently, some of the damages have been reimbursed, and due to the loss of reimbursement ability at the time, we have prepared an agreement at the request of Company A to transfer the registration of the company-owned office building to Company A, actively cooperating with all legal demands, and faithfully fulfilling our obligation to reimburse.
In this regard, the agency and Lim Chang-jung have been doing their best to make reimbursement to take maximum responsibility for the cost of damage, and until recently, they have contacted the company several times about the amount of damage and the reimbursement plan.
The agency will help Lim Chang-jung, who has gone through a long period of hard times, to support her activities as an artist, as well as fulfill all of her duties given to her.
Please refrain from unreasonable speculation and speculative reports.
Thank you.
lyn@sportschosun.com
