ONEHUNDRED CEO Cha Ga-Won
Entertainment agency ONEHUNDRED issued a statement regarding reports that CEO Cha Ga-Won has been sued on suspicion of fraud in the $7.5 million (10,000,000,000 KRW) range.
On the 16th, in response to a report by a media outlet that Cha had been accused of fraud in the $7.5 million (10,000,000,000 KRW) range, ONEHUNDRED asserted, “Neither the company nor Chairman Cha Ga-Won has, to date, been formally served with any complaint.”
Regarding the issues related to Company A mentioned in the report, ONEHUNDRED stated, “We already made it clear last October that, due to reasons attributable to Company A, we could no longer continue the collaboration,” adding, “We were subsequently waiting for Company A to wind down and finalize other projects and related procedures it had already been pursuing.”
The company continued, “Last year, we considered legal action against Company A in relation to this matter, but we did not initiate preemptive complaint procedures at the time, judging that it could cause unnecessary misunderstanding and confusion. Should a complaint be officially filed or an investigation commence, we make clear that we will take all legal measures, including a countersuit, to protect our legitimate rights.”
Email materials disclosed by ONEHUNDRED
It went on, “We have not engaged in any illegal acts or improper disposition regarding the advance payment, and we note that, in the course of operating the companies, Chairman Cha Ga-Won’s personal funds paid to Big Planet Made, ONEHUNDRED, and INB100 are far greater than the amounts received as advances. This will be clearly substantiated through future legal procedures.”
That day, one outlet reported that entertech company Company A filed a police complaint last month accusing Cha of fraud under the Act on the Aggravated Punishment of Specific Economic Crimes, and that the amount exceeded $7.5 million (10,000,000,000 KRW).
Below is the full text of ONEHUNDRED’s official statement.
Hello. This is ONEHUNDRED.
We are issuing an official statement to correct the facts regarding the article by The Fact published today (the 16th).
Regarding the collaboration with Company A mentioned in the report, we already made it clear in October last year that we could no longer continue the collaboration due to reasons attributable to Company A.
Thereafter, we were waiting for Company A to wind down and finalize other projects and related procedures it had already been pursuing.
In addition, neither our company nor Chairman Cha Ga-Won has, to date, been formally served with any complaint.
Furthermore, although we considered legal action last year against Company A in relation to this matter, we did not proceed with preemptive complaint procedures at the time, judging that it could cause unnecessary misunderstanding and confusion.
Should a complaint be officially filed or an investigation commence, we make clear that we will take all legal measures, including a countersuit, to protect our legitimate rights.
We have not engaged in any illegal acts or improper disposition regarding the advance payment, and we inform you that Chairman Cha Ga-Won’s personal funds paid to Big Planet Made, ONEHUNDRED, and INB100 in the course of operating the companies are far greater than the amounts received as advances. This will be clearly substantiated through future legal procedures.
We also express deep regret over The Fact’s speculative reporting on this matter conducted without sufficient opportunity for rebuttal, and we will consider appropriate responses going forward.
Finally, we hope that baseless speculative reports and one-sided claims will not damage the reputations of our company, our affiliated artists, and related workers.
Thank you.
Sincerely, ONEHUNDRED
