Lee Seung-gi, Kyeon Mi-ri couple declare severance of ties… “Trust damaged, disastrous” to father-in-law on suspicion of stock manipulation[Full text]
Actor Lee Seung-gi declared that he was cutting ties with his in-laws.
On the 29th, Lee Seung-gi stated through an official statement, “My father-in-law was sentenced to a fine in the retrial for the illegal acts that had been continuously brought up, but recently, he has reached a situation where he has been indicted by the investigative authorities again due to similar illegal acts.” He confessed, “As someone who has waited for the results based on trust between family members, I cannot contain my heartbreaking feelings about my father-in-law’s wrongdoings.”
He also announced his “cut-off” from his wife’s family, saying, “This incident has damaged the trust between family members to a level that is difficult to restore, and after much thought, my wife and I have decided to cut ties with my in-laws.From now on, I will live with more correct values and a responsible attitude for a healthy society.” He concluded his letter by saying, “I once again bow my head and apologize for causing concern and disappointment due to my personal issues.”
Earlier, Mr.A, Lee Seung-gi’s father-in-law, Lee Da-in’s father, and Kyeon Mi-ri’s husband, was indicted on charges of violating the Capital Market Act.Mr.A and others were indicted on charges of artificially inflating the stock price of a KOSDAQ-listed company from November 2014 to February 2016, then selling stocks received through a paid-in capital increase, and making a profit of approximately 2.37 billion won.
The company disclosed that during the paid-in capital increase process in March 2015, the company CEO and Kyeon Mi-ri each invested 600 million won of their own money to acquire new stocks.However, it was revealed that Mr.B secured the acquisition funds by borrowing money using the stocks he already owned as collateral, and Kyeon Mi-ri borrowed 250 million won out of the 600 million won.In December of the same year, the company CEO and Kyeon Mi-ri each borrowed 1.5 billion won to acquire convertible bonds, and the company disclosed that they purchased the convertible bonds with their own funds.
The issue at trial was whether disclosing the details of the funds used to acquire stocks and convertible bonds differently from the facts constituted an unfair trading practice under the Capital Markets Act.
Previously, the first trial found A guilty of engaging in illegal false disclosure and sentenced him to 4 years in prison and a fine of 2.5 billion won, and B to 3 years in prison and a fine of 1.2 billion won.However, the second trial found them not guilty, stating that the disclosure of the circumstances surrounding the acquisition of stocks and convertible bonds by B and Kyeon Mi-ri could not be considered a “material matter,” which is the standard for determining unfair trading practices under the Capital Market Act.
However, in June of last year, the Supreme Court overturned the original verdict of not guilty for Mr.A and returned the case to the Seoul High Court.
Last June, regarding his father-in-law’s case, Lee Seung-gi’s side received negative attention with statements such as, “Please don’t touch my family” and “Lee Seung-gi’s father-in-law and mother-in-law have also become grandparents to a new life.In particular, this incident happened before Lee Seung-gi got married, and it is a problem that his family needs to resolve.”
At the production report meeting for the movie “Big Family” that November, he confessed, “I think there was a misunderstanding that I said something like, ‘My family did nothing wrong,’ but what I’ve always said is that my wife’s family’s issues are my wife’s family’s issues, and after getting married, my wife also became independent from her family and created an independent family.” He continued, “That’s why I don’t think it’s appropriate for me to comment on this issue.I just thought I should be careful not to cause any further misunderstanding(with the public).”
Lee Seung-gi’s official statement
Hello, this is Seunggi Lee.
I am sorry to write this with a heavy heart.
In the past, my father-in-law was sentenced to a fine in a retrial for the illegal acts that had been continuously brought up, but recently, he was indicted again by the investigative authorities for similar illegal acts.As someone who had waited for the results based on trust between family members, I cannot contain my heartbreaking feelings about my father-in-law’s wrongdoings.
I deeply regret my careless remarks I made last year without sufficiently reviewing the matter related to my father-in-law.I believe that appropriate punishment must be given for illegal acts, and I sincerely apologize to the victims who suffered because of my hasty judgment.I also feel sorry for all those who believed in me and understood me.
This incident has damaged the trust between family members to a level that is difficult to restore, and after much consideration, my wife and I have decided to cut ties with my in-laws.From now on, we will live with more correct values and a responsible attitude for a healthy society.
I once again bow my head and apologize for any inconvenience and disappointment I may have caused you due to personal reasons.
thank you
Reporter Jeong com -yeon, Donga.com shine2562@donga
This article is automatically translated using Google AI. If you notice any inaccuracies, please let us know at allkstar@donga.com.
