YG Entertainment says rumor about JYP sale is ‘nonsense’
Published: 01 Jul. 2014, 18:58
Park Jin-young
“According to what we have confirmed just now with Yang, the report is complete nonsense and Yang even feels sorry for JYP that such groundless news was reported,” said an associate of YG Entertainment.
The JYP associate also said that the report was “absurd” and that Park is focusing on his work at JYP Entertainment.
Earlier in the day, one local news outlet exclusively reported that Park pushed for the sale of his company to YG in a bid to get away with the allegation that his company was funded by the Salvation Sect, or Guwonpa, a Christian cult that was founded by Yoo Byung-eun, the de facto owner of the Sewol ferry.
By Jin Eun-soo, 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.
Correction
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.
Rebuttal statement
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.
with the Korea JoongAng Daily
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