According to an exclusive media outlet report on December 1, Lee Seung Gi has forwarded a notice to Hook Entertainment, asserting his intention to terminate his exclusive contract. 

Earlier this month, Lee Seung Gi's submitted a legal request to Hook Entertainment, demanding a transparent record of his earnings. According to the latest reports, Hook Entertainment's side has partially admitted to some earnings from Lee Seung Gi's music distribution not being paid to the artist. As a result, Lee Seung Gi's legal side has obtained evidence to sue Hook Entertainment for violation of management duties, and thus, the artist will be moving forward with the one-sided termination of his contract.

An insider commented on this day, "Hook Entertainment is expected to disclose the full truth in this issue by revealing records of Lee Seung Gi's  unpaid earnings." 

Meanwhile, earlier this week, Hook Entertainment's CEO Kwon Jin Young released a statement of apology, further stating that she intends on taking full responsibility for Lee Seung Gi's unpaid earnings.