It has been reported that Piark Group Chairman Cha Ga-won lent 12 billion won to singer and producer MC Mong.
On the 18th, The Fact reported that Chairman Cha Ga-won took legal action to request the return of 12 billion won in loans against MC Mong, who co-founded One Hundred, and received a payment order last month.
The payment order was recently confirmed as MC Mong did not file an objection within the legal period.
This media outlet said that Chairman Cha Won first filed legal proceedings to request the return of rental money last June, raising suspicions that the financial issue may be related to MC Mong’s exclusion from work.
On June 13, One Hundred announced, “MC Mong is currently excluded from company work due to personal circumstances.” However, he did not say anything about the specific reasons for exclusion from work.
About a month later, MC Mong announced that he had decided to study abroad, saying, “I want to choose a way that will allow me to pursue music for a longer period of time. Even though I am a lot late, I am desperate to develop further and be healthier,” but questions continued to arise about his sudden departure from One Hundred.
However, the media added, “It has not yet been specifically confirmed why Chairman Cha lent MC Mong 12 billion won and how the money was used.”
In relation to this, a One Hundred official told Maeil Business Newspaper Star Today, “We will contact you as soon as we confirm the report.”
But everything in the articles is copy-pasted, so I still don’t know if it’s true.