Park Hye-kyung notifies Channel Sum of termination of exclusive contract

Singer Park Hye-kyung has notified her agency Channel Sum, which has been in trouble due to suspicions of stock price manipulation, to terminate her exclusive contract.

According to Ten Asia coverage on the 2nd, Park Hye-kyung notified her agency, Channel Sum, on the same day that her exclusive contract was terminated. An official said, "Park Hye-kyung appointed a lawyer and sent a certificate of contents regarding the termination of the exclusive contract to Channel Sum. I understand that it was sent to the Channel Sum company and the representative's home."

According to Hye-kyung Park, he was introduced by a long-time acquaintance and signed an exclusive contract with Channel Sum on November 30, 2022. Park Hye-kyung, who said she received an exclusive contract from an acquaintance at the time, claimed, "In addition to a down payment of 100 million won, I also received an attached agreement that included a clause to perform 20 times at an event hosted by the company."

At the same time, regarding his attendance at a party hosted by the so-called 'stock price manipulation group' related to the fall in the stock price of Societe Generale (SG), a foreign securities company that has recently become a problem, he said, "I only moved because it was a clause in the contract, there was no other intention. “There was nothing at all,” he said, raising his voice.

Regarding what was captured in the party video, Park Hye-kyung said, "Only part of the video was edited and reported, but if you look at the recorded video, I did not say a single word about investment. I am just grateful to have signed an exclusive contract with this company. “I just said that I was happy to be able to sing,” he claimed.

Park Hye-kyung said, "If I had a fault, it was ignorance. I signed the contract with the company because I thought I could sing after hearing that it was a company that started various media and performance businesses, but at this age, like a fool, I told others about my personal life." "I'm so embarrassed that I called for information. I won't do it again. I don't even want to sign an exclusive contract."

Meanwhile, Park Hye-kyung was embroiled in rumors related to the decline in stock prices issued by SG Securities. In particular, singer Lim Chang-jung, who also attended the party that day, is also suspected of being involved in stock price manipulation.

Choi Ji-ye, Ten Asia Reporter wisdomart@tenasia.co.kr