The South Korean actor has since countersued for defamation and fraud, however investigations are still ongoing Squid Game lead actor Lee Jung-jae is currently under police investigation after being accused of committing fraud. South Korean news outlet Chosun Ilbo reported on August 10 that the Gangnam Police Station in Seoul confirmed it is currently investigating complaints filed against Lee and Park In-kyu, former CEO of video production company WYSIWYG Studios, for crimes allegedly breaching South Korea’s Specific Economic Crimes Act. The complaint was lodged by Kim Dong-rae, current CEO of separate drama production company RaemongRein.
In his formal complaint, Kim accused Lee and Park of “misleading him into believing that their involvement as major shareholders would greatly benefit his company’s growth”. Kim subsequently transferred his shares to both Lee and Park on this basis, however now alleges that Lee and Park are attempting to kick him out of the company’s management team after acquiring his shares. Kim also added in his complaint that despite a prior agreement on joint management – which he claims was documented in their contract – Lee and Park failed to honour this clause.
He is accusing the duo of “focusing solely on acquiring another listed company, Chorokbaem Media, with KRW20billion (approximately £11.4million) belonging to RaemongRein” instead of the growth of his company as purportedly promised. Although Park’s representatives have y.