As comedian Park Na-rae halted activities over allegations of power abuse against a former manager and an illegal medical procedure, it was confirmed that her agency set a revolving mortgage worth about 5 billion won on a house she owns.
According to Green Economy News on the 22nd, two revolving mortgages are currently registered on a single-family home owned by Park Na-rae in Yongsan District, Seoul.
On July 13, 2021, Hana Bank set a maximum claim amount of 1.1 billion won, followed by her agency Npark Co., Ltd. adding another revolving mortgage worth 4.97 billion won on the 3rd.
The registered cause is specified as a "setup contract," indicating it is a measure taken by mutual agreement rather than a forced seizure.
In the industry, some suggest the setup may be a means to raise funds for the agency corporation or a safeguard against future expenses. When an entertainment agency finds it difficult to attract funds on corporate credit alone, it sometimes uses an affiliated entertainer's asset as collateral.
There is also an outlook that, in preparation for penalties and damage claims stemming from breaches of advertising or broadcast appearance contracts due to Park Na-rae's controversy, the agency sought to secure priority.
Meanwhile, Npark Co., Ltd., her agency, has not entered dissolution or liquidation procedures, but its office sign at the registered address was recently removed and there are reportedly no resident staff.
Earlier, Park Na-rae was sued by former managers over workplace bullying and unpaid production expenses, and additional allegations that she received an illegal medical treatment from an unlicensed person led her to step down from all television programs.