Sung Si-kyung suffers financial loss from longtime manager, agency says case ‘serious’
Singer Sung Si-kyung / SK Jaewon
Singer Sung Si-kyung has suffered financial losses caused by his manager of more than a decade, prompting his agency to take disciplinary action and conduct an internal investigation.
According to industry sources Monday, Sung’s manager, who had worked with him for over 10 years, allegedly caused financial harm to outsourcing partners and related parties during the course of work.
His agency, SK Jaewon, confirmed the matter. “It has been verified that Sung Si-kyung’s former manager engaged in acts that betrayed the company’s trust while on duty," it said.
“The company has recognized the seriousness of the situation following an internal investigation and is currently verifying the exact scope of the damage,” the agency added, noting that the manager has since left the company.
“We take full responsibility for the lack of supervision and are working to overhaul our internal management system to prevent similar incidents,” it said. “We deeply apologize to fans and all those who have been concerned by this unfortunate situation.”
This article from the Hankook Ilbo, the sister publication of The Korea Times, is translated by generative AI and edited by The Korea Times.