He commented that the current situation is one of his life's greatest difficulties, expressing how he felt betrayed by a group he had taken care of from the very beginning.  Though it seemed he still had affection for the group, not wanting to hurt either side.  "I want to clear any misunderstandings we may have of each other."

Regarding the recent controversy surrounding Wassup Nada's termination request, Mr. Hong spoke out, "Nada stated that she lost faith in me, however, it's the same for me too. I wanted to do my best to promote the group."

Q: There is word going around saying that Nada was the one who was disloyal first?

I too lost all loyalty for Nada. I took care of her ever since she appeared on Mnet's 'Unpretty Rapstar' and even introduced her to fellow rappers for lessons.  We did all that we could as a record company.

Q: Where did things start to go wrong?

I was the one who created the group Wassup as well as the group's concept.  I listened to most of their requests.  When the girls complained they didn't have space to practice, I even went into debt to pay for the rental space.  However they didn't practice, they just replied back with "We'll do our best."

Q: Did you show them the working sheet?

From 2013-2015 Mafia Records was an agency catering to Wassup and vice-versa.  I even presented the financial statements.

Q: The financial statements didn't appear accurate?

I showed the full breakdown of the financial statements mentioned in the standard contract, including shopping receipts.  

Q: Did you claim the credit card amount used for personal expenses?

There is some misleading information regarding that. There were no personal expenses going out, it was all business related.

Q: You insisted on solo activities?

Nada's popularity grew after 'Unpretty Rapstar'.  If I had to choose between Nada and Wassup, I would definitely choose Wassup.  I only urged her to go solo for a short season. I didn't have any intention of them breaking up and going solo.

Q: What will happen to Wassup now?

The remaining four members looked at the account statements and agreed.  There were two songs that were recorded last year.  Afterward, they discussed the concept and stage attire saying, "pretty" and now she is saying that she won't make a comeback. It just doesn't make any sense.  The remaining 4 girls are planning to return in March.

Q: What kind of resolution would you like to see?

I didn't create Wassup to cause a ruckus.  If Wassup became famous I was going to increase the revenue.  I told them, I did everything I could for the girls and Nada.  I just want to tell the truth and would like a satisfying solution.  I don't have any ill will or intentions.

SEE ALSO: K-netizens react to Sakura's positive review of LE SSERAFIM's Coachella performance