Internet broadcaster Cheol-gu admitted to overseas gambling in the Philippines and using illegal private loans, and expressed his intention to turn himself in.
Cheol-gu said in an early morning live broadcast on the 28th, "I have been gambling in the Philippines since the year before last. I will go to the police station this morning and turn myself in," and "It is also true that I used illegal private loans. I am sorry."
Cheol-gu explained that at the time of the overseas gambling he spent about 1 billion won a week and the situation was serious, and that because he could not cope he resorted to rolling over debts by repaying borrowed money with added interest, which made the problem grow.
To make matters worse, with the recent value-added taxes (about 6 billion won) payment issue overlapping and worsening his financial situation, Cheol-gu received financial help from fellow BJs but said settlement payments owed to female BJs in the Excel broadcasts were also overdue.
Cheol-gu said, "I tried to raise money for the settlement payments for several days but could not solve it, and eventually as the situation became known I revealed the facts of overseas gambling and using illegal private loans."
Admitting overseas gambling and using illegal private loans, Cheol-gu apologized, saying, "I will turn myself in to the police and accept appropriate punishment. Even if I go to prison, I will definitely repay the debt."
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