JYP dispels rumors of illegal activities
A few online accounts wrongfully claimed that the Financial Supervisory Service had begun investigating the case between Yoo’s company and JYP Entertainment based on evidence that there was illegal influx of 500 million won ($483,325) from Yoo’s religious group to JYP.
“There has never been any kind of illegal financial transfer to the company, not even a cent. We admit that his wife is Yoo Byung-eun’s relative, but Park, on the other hand, does not subscribe to any particular religion,” a JYP official told the Korea JoongAng Daily.
The agency said that there has been no investigation by the FSS and added that it might take legal action against the rumor.
By Kim Hee-eun, contributing writer
Correction and rebuttal statement by the Evangelical Baptist Church
The Korea JoongAng Daily, regarding the reports since April 16, 2014, about the Evangelical Baptist Church (EBC) and Yoo Byung-eun, is publishing the following corrections and an excerpt from the rebuttal statement by the EBC.
Through three past investigations by the prosecution, it has been revealed that Yoo and the EBC, also known as the “Salvation Group” and Guwonpa in Korean, are not related to the Odaeyang mass suicide incident. That was also confirmed by the prosecution in its official statement on May 21. The prosecution’s investigation also found that Yoo had not made an attempt to smuggle himself out of the country or seek political asylum in France. We, therefore, correct the concerned reports.
Yoo retired from his executive management position in 1997. He did not own any shares in the noted companies, nor had he managed operations or used the operating funds for personal reasons. There are no grounds to call him the actual owner and chairman of the company. As such, he did not provide any directives in regards to the overloading of the Sewol ferry or its renovation.
It was verified that the captain and crew members who abandoned ship at the time of the Sewol ferry accident are not members of the EBC. It has also been verified that the EBC does not own any shares of Chonghaejin Marine Company and did not engage in its management.
The EBC’s position is that the museums in the United States and Europe can never authorize an exhibition unless the artistic value of an artist’s works is recognized by the screening committee, irrespective of the amount of money an artist donates. The EBC’s position is that the exhibitions were not a result of Mr. Yoo’s patronage or donation, and Yoo also has not coerced Chonghaejin and its affiliates to purchase his photos.
The EBC states that Yoo did not participate in the foundation of the EBC in 1981, and the church does not offer him the title “pastor.” It also says a significant part of the 240 billion won ($206 million) worth of assets suspected of belonging to the Yoo family are real estate properties owned by the farming associations, which had been established by church members.
The EBC states that there are certain churches in Korea that call the EBC a cult, solely based on differences between their’s and the EBC’s doctrines.
But the EBC does not worship a particular individual as a religious sect leader or preach any doctrine that contradicts the Bible.