“In Hong Kong, Lee Soo-man’s 100% private company preempts 6% of overseas profits, more than Like Planning”
“The purpose of tax evasion to avoid surveillance by the National Tax Service… Overseas production is also possible”
“Forcing artists to support Lee Soo-man… Instruction to establish a new shareholders’ meeting response team”
Lee Soo-man, “If you’re afraid of taxes and fines, I’ll pay them all” recording released
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SM (041510)(SM) Entertainment CEO Lee Sung-soo posted a video revealing that producer Lee Soo-man continued to take profits through his overseas private company, that he would not stop producing, and that he mobilized artists and executives to win the shareholders’ meeting. He also said that producer Lee forced him to take his side, and that ‘planting trees’ he was talking regarding recently was connected to Lee Soo-man’s desire for real estate.
On the 16th, CEO Lee posted a video of the first statement on YouTube and announced this. CEO Lee said, “In 2019, producer Lee established an overseas version of Like Planning called CT Planning Limited (CTP) in Hong Kong.” I preempted 6% before the settlement of the liver.” Regarding this, CEO Lee said, “Isn’t it an attempt to evade offshore tax avoiding the surveillance network of the National Tax Service?”
It was also revealed that production continues overseas. Representative Lee said, “The contract with Hive says that there are no restrictions on overseas production, but did Hive acquiesce?
Regarding the producing contract, “Sooman Lee ordered not to announce future production plans. said. He also said, “For overseas album and artist activities, we signed a contract with CTP and signed a second production contract with Lee Soo-man in Korea.” and delayed the release of albums in February and March to lower the first quarter results.”
CEO Lee also revealed the transcript, saying, “Lee Soo-man was scared and scared.” Producer Lee said in the transcript, “I have a chance to show that I am loyal,” and “Those who think that I don’t need you can leave the company. He also said, “If you think regarding what to do if you go to prison or pay taxes and fines, don’t worry, I will pay for them.” urged
The emphasis on ‘planting trees’ was also questioned. Representative Lee said, “Soo-man Lee said that he had a desire for real estate business rights, and he asked a country for ownership.” His goal is to create a ‘Lee Soo-man World’ in each country.
Representative Lee said that he would continue to issue statements in the future.