FNC Entertainment Stocks Falling After Investigation Starts On Their Alleged Inventory Fraud

FNC Entertainment Stocks Falling After Investigation Starts On Their Alleged Inventory Fraud

Share on FacebookShare on TwitterWith the upward pushin their popular teams such as FTISLAND, CNBLUE, and AOA, in addition key unfastened agent signing such as Yoo Jae SukFNC Entertainment has develop intoreasonably a powerhouse in the industry. 

In fact, after seeing their annuallysource of revenue and benefit margins, some fanatics have even advised that the corporate would be in a position to compete with the notoriousBest 3 agencies, SM EntertainmentYG Entertainment, and JYP Entertainment. However, media shopsthese days reported that FNC has come below suspicion of stock fraud, causing investors to worry. Because the rumors began, the corporate has come under investigation via the authorities, causing its inventory to drop noticeably in the quick time.

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Fair Trade Commission starts investigation into whether there was unfair practice by SM Entertainment based on Noh Min Woo

Fair Trade Commission starts investigation into whether there was unfair practice by SM Entertainment based on Noh Min Woo"s claims

Fair Trade Commission starts investigation into whether there was unfair practice by SM Entertainment based on Noh Min Woo

The legal troubles for SM Entertainment continue. Previously, actor and former TRAX member, Noh Min Woo, claimed he had once been a victim of the slave contract under SM Entertainment and subsequent blacklisting from promotions after leaving the agency.

Now, the Fair Trade Commission (FTC) has begun its investigation into the suspicion of unfair corporate practices submitted by Noh Min Woo against SM Entertainment. The FTC revealed on June 29 that Noh Min Woo recently appeared at the FTC to testify against SM regarding their dispute and to lay out his opinions on the situation. Afterwards, a rep from SM gave the other side"s stance.

Noh Min Woo"s legal reps once again asserted, "Before Noh Min Woo debuted, SM formed a 17-year exclusive contract after a one-sided decision for extension. Even after leaving SM afterwards, he started independent promotions, but all broadcasting companies blocked Noh Min Woo"s appearances." 

Stay tuned for updates.

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Polaris Entertainment CEO, Mr. Lee, Under Investigation for Lobbying and Commercial Fraud

Polaris Entertainment CEO, Mr. Lee, Under Investigation for Lobbying and Commercial Fraud

Polaris Entertainment CEO Being Investigated for Lobbying and Fraud

CEO of Polaris Entertainment, Lee Kyu Tae, who was recently accused of sexual harassment by Clara, is currently investigated for commercial fraud!

On March 11th, Lee Kyu Tae was arrested by the Corruption Investigation Department. They also inspected 10 locations, including his home and the office of his main company, Ilgwang Group. The police reported that they have confiscated possible evidence proving his activities.

His group, Ilgwang, is an arms trading powerhouse that was established in 1985. CEO Lee worked for the police department prior to venturing into business.

According to the police, he has been arrested for unlawfully raising the prices on training weaponry being exported from Turkey for the Korean air force. He is also being investigated for lobbying government officials to inflate these prices. The estimated sum of the money the Group has gotten out of the process is expected to be near $50 million USD.

Since the establishment of the main Ilgwang group, he has branched out into the education market with Ilgwang private academies, as well as the entertainment sector with Polaris Entertainment. Ilgwang Group has also sponsored last year’s 51st Grand Bell Film Festival. with CEO Lee serving as the Chairman of the festival board.

Polaris Entertainment is currently home to artists like Kim Bum Soo, Ivy, Ladies’ Code, Yang Dong Geun (YDG), and Iron.

See also: Full Text Conversation of Clara and Polaris CEO Revealed

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JYP Entertainments stocks plummet due to its relation with alleged Sewol fugitive, Yoo Byungho

JYP Entertainments stocks plummet due to its relation with alleged Sewol fugitive, Yoo Byungho

JYP Entertainment’s stocks plummet due to its relation with alleged Sewol fugitive, Yoo Byungho

JYP Entertainment’s stock prices continue to plummet after Park Jinyoung’s connection with Sewol fugitive Yoo Byungho.

Since the Sewol incident and investigation two months ago, celebrities and politicians alike are being suspected over their connection with the fugitive, Yoo Byungeun. Over the weekend, Byungeun’s younger brother Yoo Byungho was arrested in relation to the investigation and it was found that he was Park Jinyoung’s father-in-law.

Yoo Byungho is being investigated for embezzling money froom Yoo Byungeun’s company, Saemo Group. It was revealed that he allegedly stolen millions of dollars through bogus claims while working for the group.

JYP Entertainment’s stocks continue to plummet since the Sewol incident due to Park Jinyoung’s relation to the alleged fugitive. On June 23rd, they have fallen 5.86% and closed 4,180 won. Park Jinyoung, on the other hand, has continuously made statements saying he “has not put a single penny into the illegal activities that are being reported nor has he received any illegal funds”, but to no prevail.

The involved party is also known for being part of the Evangelical Baptist Church, and many have gone far as to accuse Park Jinyoung for being apart of this religious movement as well. He has stated in previous interviews that he does not partake in any religion.Park Jinyoung’s new wife is the niece of Yoo Byungeun, who is the de facto owner of the sunken ferry, Sewol. They got married the August of last year.

Source: Hankyung

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Juniel Clarifies Statements After Controversy Erupts Over Alleged Jabs Against FNC Entertainment

Juniel Clarifies Statements After Controversy Erupts Over Alleged Jabs Against FNC Entertainment

Share on FacebookShare on TwitterJuniel has issued a explanation and apology after her fresh statements were interpreted as sickemotionsin opposition to her former agency, FNC Entertainment. 

On July 19th, Juniel was onceone of the vitalvisitorsseemed on Kim Chang Ryul’s Old School where she promoted her newest single, Pisces. The unmarried marks her first free up since leaving FNC Entertainment early this year.

As the program progress, however, Juniel went to show how happier she felt in having the opportunity to have a song she composed herself being released. She also detailed that she gets remarks that even her complexion looked larger afterwards moving agencies. The comments were no longergained lightly as netizens speculated that they couldhad been aimed opposed to her former control agency, FNC Entertainment.

Updating her Twitter and Instagram accounts, Juniel clarified that she does no longer take any bad feelings toward FNC Entertainment and directed a commentary to CEO Han Sungho to transparent up any misunderstandings.

A photo posted through JUNIEL (@930903_juni) on Jul 20, 2016 at 3:27am PDT

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Baek Ye Rin Stocks How She Were given Into JYP Entertainment

Baek Ye Rin Stocks How She Were given Into JYP Entertainment

Baek Ye Rin Stocks How She Were given Into JYP Entertainmentnotclaira July 1, 2016 0 Baek Ye Rin Shares How She Got Into JYP Entertainment At the July 1 episode of KBS’s “Yoo Hee Yeol’s Sketchbook,” Baek Ye Rin shared how she got into her firm JYP Entertainment.

“My debut degreeused to be on ‘Star King,’” she said. “I sang Whitney Houston’s ‘I Have Nothing.’ It’s a dismal time for me because I took things too easy. I didn’t know what I used to be doing then.”

She added, “I entered JYP when I become in Grade four in basic school. I participated in the primarycircular of the auditions. Jang Woo Young oppa took first position and I took second.”

Baek Ye Rin debuted in 2012 with Park Ji Min in the duo 15 and these days made a solo comeback with Bye Bye My Blue.

Baek Yerin - Bye Bye My BlueFortify the artist throughpurchasing Bye Bye My Blue from YesAsia Source (1) (2)

Related Tags Baek Ye RinYoo Hee Yeol's SketchbookPost NavigationOldTale“Sister’s Slam Dunk” Presentations What Went On In the back of The Scenes Of Debut MV

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Another FNC Entertainment Superstar  Beneath Investigation For Insider Trading

Another FNC Entertainment Superstar Beneath Investigation For Insider Trading

Another FNC Entertainment Famous personBelow Investigation For Insider Tradingnotclaira June 28, 2016 0 Another FNC Entertainment Celebrity Under Investigation For Insider Trading Previous this week it used to be reported that CNBLUE’s Jung Yong Hwa became under investigation for insider trading.

According to the prosecutor, Jung Yong Hwa bought stocks value 400 million won (about $350,000) with his momfinal July and sold them for six hundred million won in a week, creating abenefit of 2 hundred million won. He'srecently under investigation for whether this was done with insider wisdom of FNC Entertainment signing with Yoo Jae Suk.

The investigation started last month when the MonetaryProducts and services Commission grew to become the case over to the prosecutor. This month the investigation published that one or two folkswerediscovered alongsidelines of the usage of the insider data to their get advantages and are currently being investigated. One of the onesindividualsis related to be a fellow celebrity.

The FNC Entertainment representative Han Sung Ho has also been under investigation. It's miles speculated that the fellow celebrity under investigation is a fellow CNBLUE member.

RelatedTags FNC EntertainmentJung Yong Hwa Post NavigationOutdatedTaleWatch: SONAMOO Is After Your Hearts In I love U Too Much MV

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Idol beneath investigation for inventory manipulation showed to be CNBLUE’s Yonghwa

Idol beneath investigation for inventory manipulation showed to be CNBLUE’s Yonghwa

Share on FacebookShare on TwitterPopular agency FNC Entertainment was currentlypublished to be beneath investigation for inventory manipulation via authorities, with many claiming that one in theirmost sensible artists was onceconsidering the incident.

And when media outlet Dispatch released some explicitinformation about the idol in question, lovers claimed that it becometransparent who the idol was. After a couple of days of speculations, however, everyones suspicions were showed as media retailers reported that the idol being investigated was in fact CNBLUEYonghwa.

According to Dispatch, Yonghwa is being accused of making an investmentnearlypartone billion won into FNC Entertainment after receiving insider data that one of the vitalinternational locations top MCs (later revealed to be Yoo Jae Suk) would be signing with the company. If discovered guilty, Yonghwa maywithstand ten years in felony for the crime.

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FNC Entertainment Addresses Suspicions Of Inventory Manipulation

FNC Entertainment Addresses Suspicions Of Inventory Manipulation

FNC Entertainment Addresses Suspicions Of Inventory Manipulationkokoberry June 23, 2016 0 FNC Entertainment Addresses Suspicions Of Stock Manipulation FNC Entertainment is being investigated for suspicions of unfair profits fabricated from stock manipulation.

A finance investigation team from the prosecutors administrative center has seized and searched the house of famous person A and a friend, the agency, and several locations. It turns out that A used knowledge about their firm recruiting noted celebrities and purchased stocks with long term net profit in mind. This act of insider trading violates Koreas Capital Marketplace Act.

A and the friend are suspected of earning 2 hundred million won (approximately $175,000) after purchasing stocks because of their wisdom of Yoo Jae Suk being recruited to the agency final July.

FNC Entertainment denied the suspicions and stated, The stock manipulation suspicions are groundless. We might beready to actively cooperate with the prosecutors investigation.

The agency continued, The dealings in stocks last July were judged as an ordinary transaction. It is an argument unrelated to stock manipulation.

Lastly, they added, This isn'tassociated with headquarters yet rather a false impression that got here from an individualcomparable to the corporate who made a private stock deal.

FNC Entertainment is house to many celebrities adding Yoo Jae Suk, Noh Hong Chul, Jung Hyung Don, Lee Guk Joo, FTISLAND, CNBLUE, AOA, Lee Dong Gun, Jung Woo, and more.

Related Tags FNC EntertainmentPost NavigationOldTalePolice Have Known The Source Of The Rumor About Lee Seung Gis Secret Kid

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YG Entertainment responds to alleged over the top force used by way of G-Dragon’s security

YG Entertainment responds to alleged over the top force used by way of G-Dragon’s security

Share on FacebookShare on TwitterYG Entertainment responds to the hot reports covering G-Dragon’s chaotic arrival in Beijing, China. On April 25th, YG Entertainment released their reaction to the alleged fan elegance alongside airport safety as G-Dragon arrived in Beijing.

The controversy began when a video of the singer widely circulated to social networking sites. The clip covered G-Dragon’s arrival in the corridor where a feminine fan was once nearing the singer with a telephonenearly next to his face. Because of the proximity, the fan turned into filmed being shoved apartthroughsome of the staff, angering enthusiasts in the procedure fo the harsh treatment.

The incident circulated thru Youtube, Weibo and other social networking platforms for the over the top use of force used by the workforce allegedly causing the fan to fall.

Due to the controversy, YG Entertainment was fast to free up a remarkdeclaringthat once doing vital checks, it was clarified that the workforce in query were no longerstaff of the agency.

G-Dragon was in Beijing to wait the 2016 Beijing Global Motor Show at the Beijing Foreign Exhibition Center.

http://www.dispatch.co.kr/506246 Image: Apple Daily, Dispatch

http://www.dispatch.co.kr/506246 Image: Apple Daily, Dispatch

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