Following the recent controversy, charismatic singer-entrepreneur Kang Daniel has ultimately decided to terminate his business with KONNECT Entertainment, a company he personally founded five years ago. But what really happened? Let’s find out in the following complete report.
Kang Daniel Ends Business with KONNECT Entertainment
Amid the recent controversy related to the company he’s established 5 years ago, Kang Daniel finally ends his business with KONNECT Entertainment.
On June 9, singer-entrepreneur Kang Daniel posted an extended message via his official Instagram account. In the message, Kang Daniel expressed his regret for breaking the news to his loyal fans that he had ended his business relationship with the company.
“Hello, this is Kang Daniel.
It’s hard to believe that half of the year has already passed. With the weather getting warmer, I truly feel how quickly time flies.
I want to announce that the journey with KONNECT, which has been my support and has taught me responsibility over the past five years, has come to an end.
I am deeply grateful to all the employees and associates who have led KONNECT with tears and laughter. And I will always remember your dedication and hard work.
While it is unfortunate and regrettable to conclude this journey with some bad news, I am determined to quietly and diligently overcome these challenges, as I always have. I will use this time to reflect and plan for a better future.
To our beloved Danity, who think of me more than anyone else, I want to reassure you that I will continue to be by your side as Kang Daniel. I am working hard to bring you good news soon, so please don’t worry too much and take good care of yourselves.
Thank you.”
Kang Daniel.
What Happened to the Company?
Previously, Kang Daniel revealed to have filed a lawsuit against the major shareholders of his company, KONNECT Entertainment. Apparently, person A who owns almost 70% shares in KONNECT Entertainment, the company Kang Daniel founded 5 years ago, had embezzled the company’s business assets.
According to Kang Daniel’s legal representative, Mr. A had forged Kang Daniel’s signature to seal a corporate stamp and entered into a distribution contract worth over 10 billion KRW in December 2022.
What’s worse, Kang Daniel was unaware of this until last year and also found out that Mr. A had withdrawn at least 2 billion KRW from the company’s accounts by sending it abroad and processing it as business income.
“We have filed a criminal complaint with the Seoul Metropolitan Police Agency against the major shareholder of the agency, Mr. A.
The charges against the individual include forgery of private documents, embezzlement, breach of trust, violation of the Information and Communication Network Act, and computer fraud.”
Kang Daniel’s legal representative.
As a result, KONNECT Entertainment is currently undergoing closure procedures, and Kang Daniel, along with Chancellor, Yuju, and WE DEM BOYZ, have all left the agency following the expiration of their contracts.
A Better Future
What happened to Kang Daniel and his hard-earned business company, KONNECT Entertainment, was truly unfortunate and a significant setback. Despite this, Kang Daniel remains optimistic and determined to overcome these challenges.
Indeed, his heartfelt message to fans shows his resilience and commitment to continue his journey in the entertainment industry as one of Korea’s top soloists. And so, as he plans for a better future, fans can look forward to more updates and exciting news from Kang Daniel.
Finally, the end of his business with KONNECT Entertainment marks a new chapter, and his loyal fans will undoubtedly support him every step of the way.
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Source: MK Sports.
