Actor Lee Jung Jae acquires Raemongraein?

Bảo YếnJun 13, 2024 at 16:58

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Famous globally thanks to Squid Game, but actor Lee Jung Jae could not maintain his form for too long, due to being entangled in a dispute with the company he bought in March 2024, the actor was accused of conspiracy. plot to usurp Raemongraein company

Actor Lee Jung Jae acquires Raemongraein? - Photo 1

According to Korean newspapers, actor Lee Jung Jae (Squid Game) and his company Artist United are being accused of taking over the management of the film production company Raemongraein. Artist United acquired Raemongraein in March 2024, and by June a dispute arose.
On June 10, CEO Kim Dong Rae of Raemongraein said that Lee Jung Jae's company Artist United sued him and tried to take over the management of Raemongraein through an extraordinary shareholder meeting. Kim Dong Rae claimed that since acquiring Raemongraein, Lee Jung Jae has never visited the company, nor has a specific vision about the management and development of Raemongraein in the future.

CEO Kim expressed his frustration in a share , "Contrary to our initial discussions before investing, I learned that Artist United used Raemongraein's funds to acquire an entertainment company that was in trouble. This move by (Lee and Artist United), just three months after becoming the largest shareholder, appears to be an attempt to use Raemongraein's cash assets as a cover to acquire another company. another company"

Actor Lee Jung Jae acquires Raemongraein? - Photo 2

Raemongraein's current board of directors opposes the acquisition of the above company. Artist United has responded by announcing the organization of an extraordinary shareholders' meeting, expected to change Raemongraein's name, dismiss the CEO and the entire current board of directors, as well as amend the terms of operations. In other words, Artist will erase the name Raemongraein and take control of this company. Kim Dong Rae responded: "We cannot let Raemongraein and the results of 18 years of effort fall victim to forces trying to take over management through deception."

Actor Lee Jung Jae acquires Raemongraein? - Photo 3

In a statement to shareholders, Kim Dong Rae said he expected Raemongraein to expand to a global scale when Lee Jung Jae joined the team. But as an investor, the Squid Game actor is completely uninterested in the company's development.

In response to the above allegations, Artist United's legal representative argued that Kim Dong Rae prevented investors from exercising their legal right to participate in management. "When acquired, Raemongraein agreed that Lee Jung Jae and Jung Woo Sung had management rights. However, Kim Dong Rae refused to comply with the investor's requests. This person ignored the legitimate request for extraordinary shareholder meetings, preventing investors from participating in management".

Actor Lee Jung Jae acquires Raemongraein? - Photo 4

Actor Lee Jung Jae acquires Raemongraein? - Photo 5

Raemongraein produced many famous films such as Sungkyunkwan Scandal (2010) and Reborn Rich (2022)

Raemongraein is a famous film production company in Korea, behind the success of Sungkyunkwan Scandal (2010) and Reborn Rich (2022). Artist United is the largest shareholder with 18.44%, Lee Jung Jae himself holds 5.12% of the shares. CEO Kim Dong Rae holds 13.42%, and company director Yoon Hee Kyung holds 0.51%.

Actor Lee Jung Jae acquires Raemongraein? - Photo 6

Actor Lee Jung Jae acquires Raemongraein? - Photo 7

Lee Jung Jae was born in 1972 and is known as an A-list star on Korean screens thanks to his strong, stylish appearance and diverse acting style. But it wasn't until the success of Squid Game that Lee Jung Jae's name exploded globally.

After the success of Squid Game's first season, the actor revealed the airing schedule for season 2 of this globally-famous survival drama. The above information immediately caused a stir, because the audience has been waiting for Squid Game season 2 for quite a long time. However, the actor's recent controversial controversy may somewhat affect his prestige and reputation, as well as the heat of Squid Game season 2.

Actor Lee Jung Jae acquires Raemongraein? - Photo 8

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