Cha Ga-won, chief executive of One Hundred, issued a statement regarding reports that she was sued on charges of fraud involving on the order of 10 billion won.
On the 16th, One Hundred conveyed its position regarding a media outlet's report that 'Representative Cha has been sued on fraud charges involving about 10 billion won,' saying, "We issue this official statement to correct the facts regarding the article published today (16th)."
One Hundred said, "Regarding the collaboration with company A mentioned in the report, we already clearly conveyed last October our official position that we could no longer continue the collaboration due to company A's responsibility," and explained, "After that, we were in a situation of waiting for company A to sort out and conclude other ongoing projects and related procedures. Also, neither the company nor Cha Ga-won, chairman, has formally received any complaint to date."
They added, "Moreover, last year we examined legal responses against company A regarding this matter, but judged that initiating preemptive legal action then could cause unnecessary misunderstanding and confusion, so we did not proceed with filing a complaint," and emphasized, "If a complaint is officially filed or an investigation is opened in the future, we clearly state that we will take all legal measures, including counterclaims, to protect our legitimate rights."
They also said, "We have not committed any illegal acts or improper dispositions regarding advance payments, and we inform you that the personal funds paid by Chairman Cha Ga-won to Big Planet Made, One Hundred, and INB100 during company operations are far greater than the amounts received as advance payments. This will be clearly explained through subsequent legal procedures."
Finally, they added, "We hope that the company's, its artists' and related workers' reputations will not be damaged by baseless speculative reporting and one-sided assertions."
Below is One Hundred's official position
Hello. This is One Hundred.
We issue this official statement to correct the facts regarding the The Fact Co. article published today (16th).
Regarding the collaboration with company A mentioned in the report, we already clearly conveyed last October our official position that we could no longer continue the collaboration due to company A's responsibility.
After that, we were in a situation of waiting for company A to sort out and conclude other ongoing projects and related procedures.
Also, neither the company nor Cha Ga-won, chairman, has formally received any complaint to date.
Moreover, last year we examined legal responses against company A regarding this matter, but judged that initiating preemptive legal action then could cause unnecessary misunderstanding and confusion, so we did not proceed with filing a complaint.
If a complaint is officially filed or an investigation is opened in the future, we clearly state that we will take all legal measures, including counterclaims, to protect our legitimate rights.
We have not committed any illegal acts or improper dispositions regarding advance payments, and we inform you that the personal funds paid by Chairman Cha Ga-won to Big Planet Made, One Hundred, and INB100 during company operations are far greater than the amounts received as advance payments. This will be clearly explained through subsequent legal procedures.
We express deep regret regarding The Fact Co.'s speculative reporting made without ensuring sufficient right of rebuttal in this matter, and we will consider appropriate responses in the future.
Finally, we hope that the company's, its artists' and related workers' reputations will not be damaged by baseless speculative reporting and one-sided assertions.
Thank you.
Sincerely, One Hundred
[photo] OSEN DB
[OSEN]