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Yoo Jae Suk loses $530,000 lawsuit

Posted by thewesterngirl33 pts Tuesday, November 3, 2015
Yoo Jae Suk, Kim Yong Man
It's been reported that the nation's MC Yoo Jae Suk has not received a heck of a lot of his rightful earnings from his former company. And he's not about to receive it anytime soon.


Yoo Jae Suk recently filed a lawsuit against his previous company, Storm E&F, asking to receive his unpaid income, but unfortunately, he lost the lawsuit.

On November 3, at the Seoul Central District Court, both Yoo Jae Suk and Kim Yong Man filed a lawsuit requesting the creditors of their former company, SKM Investment to pay a deposit. But this lawsuit was dismissed by the court.

Yoo Jae Suk had earned 600 million won (approx. $530,000 U.S.) during his time with the agency Storm E&F from 2005 to 2010. Kim Yong Man earned 100 million won (approx. $88,000 U.S.). Neither have been paid the amounts that they earned.

SEE ALSO: Antenna announces legal action against malicious comments targeting their artists, including Yoo Jae Suk


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