Lee Seung-gi claims CEO pressured him into 3x rent lease, broke interest payment promise

Singer and actor Lee Seung-gi has directly responded to allegations concerning a lease agreement for a luxury villa owned by Cha Ga-won, the head of his agency, One Hundred Label. The controversy was highlighted in a recent broadcast of MBC's 'PD Notebook,' which focused on the dispute between Lee and Cha.

Lee stated that the lease agreement for the villa was made under considerable pressure from Cha, who had persistently encouraged him and his wife to move in. "Cha Ga-won continuously urged us to live close by, so we ended up moving in hastily for the lease," Lee explained.

However, shortly after moving in, the terms of the lease reportedly changed dramatically. Lee claims that after initially not confirming the exact amount, Cha demanded a deposit of 10.5 billion won (approximately US$7.6 million), more than triple the amount initially discussed. Lee stated that he secured about 7.3 billion won of this deposit through loans.

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Cha Ga-won continuously urged us to live close by, so we ended up moving in hastily for the lease.

Furthermore, Lee alleges that Cha Ga-won promised to cover the interest on the substantial loan taken out for the deposit. "Although we hesitated due to the large sum, Cha promised to bear the loan interest until the end, which led us to sign the contract," Lee's side stated. "However, the promised loan interest payments are currently not being made."

In response to these claims, Cha Ga-won reportedly stated in an interview that the situation was different, though the specifics of his counter-argument were not fully detailed in the provided text. The dispute centers on the terms of the lease, the alleged pressure applied, and the fulfillment of financial promises related to the deposit and loan interest.

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Although we hesitated due to the large sum, Cha promised to bear the loan interest until the end, which led us to sign the contract. However, the promised loan interest payments are currently not being made.