SEOUL • The agency of BigBang singer Seungri pledged on Tuesday to support him, after he filed a lawsuit against retired singer Shin Eun Sung to recoup 2.05 billion won (S$2.45 million) in an investment fraud case.
Seungri, 25, “was astounded”, a YG Entertainment official told the South Korean media. Although the singer’s lawsuit is a private matter, the company “will take every measure to prevent him from sustaining any further financial damages”.
Shin, 33, allegedly talked Seungri into investing two billion won in a real estate business in June 2014. Two months later, she asked him for another 50 million won for the founding of an investment firm.
He agreed to her suggestion, as they had known each other for a long time. But he became suspicious as the investment firm never materialised. He sued Shin for fraud on Dec29 last year.
Shin, who made her singing debut in 2003, has released two albums to date. She released a nude photo album online in 2009, as her albums did not do well. She officially ended her singing career that year.
She set up an entertainment agency last year, which quickly shut down. She could not be reached for comment.
THE KOREA HERALD/ASIANEWSNETWORK