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JYP Entertainment Strongly Denies Influx of Illegal Funds

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2014.04.28 17:14 Mwave Kim, JiYeon Translation Credit : Grace Danbi Hong

JYP Entertainment strongly denied the rumors saying the company received illegal funds.

JYP Entertainment Strongly Denies Influx of Illegal Funds

On April 28, JYP Entertainment released an official statement saying, “Regarding the groundless rumors that there was an influx of illegal funds into the company, we would like to clearly state that we have received not even 10 won of illegal funds.”

Earlier in the day, rumors spread that there was an influx of 500 million won in JYP Entertainment given from Saviorists, a group of people widely considered a religious cult in Korea. JYP Entertainment made the official statement to deny the rumors.

“JYP Entertainment is not being investigated at all on the transparency of funds or anything related. We will be taking first legal actions against the person who spread these false rumors.”

Photo credit: JYP Entertainment

JYP Entertainment 20140428
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