Lee Seung Gi declares to cut off relations with his wife's family

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Actor Lee Seung Gi apologized and announced a breakdown of relations with his wife's family after his father-in-law's stock manipulation scandal.

On April 29, through management company Big planet Entertainment, Lee Seung Gi issued a statement cutting off relations with his wife's family.

The actor explained: Regarding my father-in-laws continuous violations of the law, despite being sentenced to a fine in court, he has recently continued to be prosecuted by the investigation agency for similar violations.

As someone who has patiently waited for the result based on trust between family members, I really could not contain my deep disappointment in the wrongdoings of my father-in-law.

Lee Seung Gi added: I am reviewing myself deeply for making a careless statement when not carefully considering the issue related to my father-in-law last year. I believe that all violations of the law must be punished appropriately.

At the same time, I sincerely apologize to the victims who were hurt by my hasty judgment. I also apologize to all those who have trusted and supported me over the past time.

The actor emphasized: "This incident has seriously damaged the trust in our family, to the point where it is difficult to recover. After a long time of consideration and thinking, my husband and I decided to cut off our relationship with our foreign family.

Finally, Lee Seung Gi said that in the future, he will strive to live with more correct values and be more responsible to contribute to building a healthy society.

According to Star News, in June last year, the Supreme Court overturned the original verdict of not being guilty against Mr. A, husband of actress Kyeon Mi Ri, who was prosecuted for stock price manipulation through false disclosure and making dozens of billions of won in illegal profits, transferring the case back to the Seoul High Court.

Mr. A was prosecuted for colluding with the General Director of Kim of Company B to inflate the stock price of Company A and sell shares at high prices from October 2014 to February 2016, thereby earning a profit of 2.37 billion won.

They have been accused of inflating stock prices by spreading false information, such as the involvement of famous star Kyeon Mi Ri and Chinese capital in the company's charter capital increase.

The first instance court sentenced Mr. A to 4 years in prison and paid a fine of 2.5 billion won. Mr. Kim, who colluded with Mr. A in committing the crime, was also sentenced to 3 years in prison and fined 1.2 billion won.

At the second trial, both were found not guilty. However, the Supreme Court found Mr. A guilty in the appeal hearing.

Meanwhile, Lee Seung Gi married actress Lee Da In, the daughter of Kyeon Mi Ri and Mr. A, in April 2023. Lee Seung Gi and Lee Da In welcomed a daughter in February last year.

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