Overview of the Situation
Sung Si Kyung, a well-established figure in the music industry, has recently parted ways with his manager of over ten years. The separation stems from allegations of financial misconduct and professional issues regarding the manager’s handling of various operations related to Sung Si Kyung’s career.
Agency’s Official Statement
On November 3, the agency representing Sung Si Kyung released a detailed statement addressing these concerning reports. They acknowledged that the former manager’s actions had not only betrayed the trust between the artist and the management but also caused significant financial damage to both the artist and various subcontractors associated with his concert and promotional activities.
Commitment to Improvement
The statement, issued by SK Jaewon, emphasized the agency’s commitment to transparency and accountability. It stated, “We fully acknowledge our responsibility for the lack of supervision and management.” In light of these events, the agency is undergoing an internal investigation to ascertain the extent of the damages inflicted by the former manager’s actions. Furthermore, Sung Si Kyung’s agency is reorganizing its control systems to ensure the prevention of similar incidents in the future. They expressed sincere apologies to fans for the distress caused by this situation.
