GOLDMEDALIST Responds to Reports on Kim Soo-hyun’s Settlement Payment
Sep 19, 2025
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The gold medalist announced in a statement on the 19th that "We have decided that it is necessary to correct the facts about the article reported today, so we share the necessary information."
First of all, it is unreasonable to compare the accounting treatment of listed companies and unlisted companies because listed companies follow the International Accounting Standards (K-IFRS) and unlisted companies follow the General Corporate Accounting Standards (K-GAAP)"In the case of the Company, there is no accounting problem because the distribution of actors is included in the cost of sales in accordance with the General Corporate Accounting Standards (K-GAAP)."
Regarding the controversy over the 'location of the headquarters of the union', the union legally registered its address at the time of business registration. Due to the nature of the investment association, there are virtually no cases of working in a physical office, and it is the same now.
Regarding the 'law management', the company signed a legal advisory contract with LKB Pyeongsan Corporation for several years and has been undergoing a close legal review throughout the management, so there is no violation of the management.
Earlier on the same day, a media outlet reported that gold medalists paid only 670 million won to their celebrities over the past five years from 2020 to 2024, which is significantly lower than the industry average.
In particular, despite the huge box office hit of about 20 billion won with tvN drama 'Queen of Tears' last year, the settlement paid to actor Kim Soo-hyun was only 270 million won, raising questions about the settlement structure.
It also pointed out that the largest shareholder of the gold medalist, 'Bareun No. 2 Investment Association', did not actually move into the business registration building, and that the reality of the association was ambiguous.
Meanwhile, nine celebrities, including Kim Soo-hyun, Seol In-ah, Choi Hyun-wook, and Kim Soo-gyeom, belong to the gold medalists.
The following is the full text of the official position of the gold medalist.
Hello, I'm a gold medalist.
We believe that the facts need to be corrected for today's article, so we share the necessary information.
1. Accounting processing related
Since listed companies follow the International Accounting Standards (K-IFRS) and unlisted companies follow the General Corporate Accounting Standards (K-GAAP), it is unreasonable to compare the accounting treatment of listed companies and unlisted companies. In our case, there is no problem in accounting because the distribution of actors is included in the cost of sales according to the general corporate accounting standard (K-GAAP).
2. Related to the location of the head office of the union
At the time of business registration, the union legally registered the address as its location. Due to the nature of investment associations, there are virtually no cases of working in a physical office, and it is still the same today.
3. compliance management
The company has signed a legal advisory contract with LKB Pyeongsan, a law firm, for several years and has been undergoing a close legal review throughout its management, so there is no violation of its management.
yaqqol@sportschosun.com
