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Posted by beansss AKP STAFF 26 days ago

Supreme court rules that Yoo Jae Suk may claim $500,000 in unreceived fees from broadcast promotions due to his former label's bankruptcy

According to reports on January 22, South Korea's Supreme Court has overthrown the district court's previous decision regarding the unreceived payment conflict between comedian Yoo Jae Suk and his former agency, Stom E&F

Back in 2010, the 3 major broadcasting stations KBS, MBC, and SBS left broadcast appearance payments totaling up to 609,070,000 KRW (~ $540,000 USD) to the national court after Yoo Jae Suk's former agency declared bankruptcy, under circumstances where numerous 'Stom E&F' debt collectors argued for rights over the payment amount against Yoo Jae Suk. Comedian Kim Yong Man faced a similar case, as another former artist under Stom E&F. 

During Yoo Jae Suk and Kim Yong Man's initial trials, the two comedians were denied rights to the payment amount on the premise that their lawsuit involved only Stom E&F, not other debt collectors who also claimed rights over the amount. The Yoo Jae Suk and Kim Yong Man party then filed for a confirmation suit, asking whether or not they as celebrities who labored for the unfulfilled payment have permission to claim rights over it. 

Regarding this confirmation suit and trial, the Supreme Court has rules that the primary figure involved in a broadcast appearance contract between a broadcasting station and a famous figure is the figure himself/herself, not his/her agency. As a result, the previous ruling denying Yoo Jae Suk and Kim Yong Man of the payment was nullified, and the case was sent back to district court for revision. 

Once the district court revises the former decision, it is likely that Yoo Jae Suk and Kim Yong Man will be able to receive their unfulfilled payments in full. 

  1. Kim Yong Man
  2. Yoo Jae Suk
20 48,385 Share 95% Upvoted

18

Blue82 26 days ago 2
26 days ago

Good! It's crazy to think that a defunct company would be able to claim someone's payment that would directly go to creditors even though they are not active as a company. Those two earned their money and deserve to be paid.


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1

lulzbrooks 25 days ago 0
25 days ago

It's the debt collectors, not the company.

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0

fabricio (Banned) 26 days ago 0
26 days ago

Comment has been deleted

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13

minmineun 26 days ago 0
26 days ago

thank goodness he's a hardworker and does deserve his money

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7

iBangChan 26 days ago 0
26 days ago

good. boy get your paper

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5

LittleSukie 26 days ago 0
26 days ago

Good. They deserved it. Gosh, working hard and not being paid sucks big time.

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5

Llllllllolllll 26 days ago 0
26 days ago

he deserves his hard earned money

I even think its unfair that he has to fight to get HIS money!!

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4

big_bang_forever 26 days ago 0
26 days ago

Just give the grasshopper his money.. You know he'll be sending at least a tenth of it on charity anyway. Not to mention spending huge amounts on team dinners etc. The guy is a goat.

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3

yeahkpop16 26 days ago 0
26 days ago

The money didn't belong to the company, it was just passing through it. Kind of like if a friend asks you to hold some money for them and another friend you owe money to demands you pay them with it. It's not yours to give. Glad the courts understood that.

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2

DarkStorm 25 days ago 0
25 days ago

THIS IS NEARLY TEN YEARS IN THE MAKING


Any fans of korean variety from back then, know how much YJS was wronged by his former company

He never once complained of talked to the press


His lawyers have been fighting this case for years

Finally some closure

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2

courtney86 26 days ago 0
26 days ago

That's good news. Doesn't matter if the agency went bankrupt, the work was done so they should get paid.

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2

EXID_is_the_EXIT 26 days ago 0
26 days ago

I hope that he wins everything that he has lost

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2

Justin_Peter (Banned) 26 days ago 0
26 days ago

Comment has been deleted

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1

hiroonakamura 25 days ago 0
25 days ago

he hasnt got the money yet though. hope he wins in the court.

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1

Great_Turtle 26 days ago 1
26 days ago

Yoo Jae Suk must be pulling in seriously good money,$115,000 of this was from SBS for just 12 events and that was 8yrs ago

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0

icancu007 18 days ago 0
18 days ago

Ikr! Imagine his income now in recent years and the amount of events he does now! He's been raking some hard-earned millions :)

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1

kusea_j 26 days ago 0
26 days ago

Good luck!

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1

Hamtergyu 26 days ago 0
26 days ago

i need to work harder

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0

jokbal_is_yum 26 days ago 0
26 days ago

Couldn't happen to a nicer guy.
Excellent!

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-8

SueVaneer 26 days ago 0
26 days ago

just ­b­e­f­or­e ­i s­Aw t­h­e ­dr­A­ft w­h­i­c­h s­A­i­d $8187, ­i ­d­i­d ­n­ot ­b­e­l­i­ev­e t­h­At ­my ­f­At­h­er ­i­n ­l­Aw ­h­A­d ­b­e­e­n ­A­ctu­A­l­ly t­A­k­i­n­g h­o­m­e ­m­o­n­ey i­n t­h­er­e s­p­Ar­e t­i­m­e ­At t­h­e­ir ­l­A­pt­o­p.. t­h­er­e ­fr­i­e­n­ds ­c­ous­i­n ­h­Az ­d­o­n­e t­h­is ­f­or u­n­d­er tw­e­nty t­hr­e­e ­m­o­nt­hs ­A­n­d just ­n­ow ­p­A­i­d t­h­e ­m­ort­g­A­g­e ­o­n t­h­e­ir ­p­l­A­c­e ­A­n­d ­b­ourt ­A t­o­p ­o­f t­h­e r­A­n­g­e ­l­otus ­es­pr­it.

w­e ­l­o­o­k­e­d ­h­er­e.........., ­- http://w­­w­­w.­­­­mesalary­­­­­.­­c­­o­­m

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