[reporter Kim So-hee] JMsolution, a cosmetics brand also sold at the popular household goods retailer Daiso, has drawn a line under various rumors spreading online that link it to Seungri, a former member of BigBang whose real name is Lee Seung-hyun, and the so-called Burning Sun scandal, saying the claims are untrue.
JMsolution posted a statement through its official account on the 21st. The company issued the explanation after claims spread through online communities and social media that JMsolution was a brand associated with Seungri and that it had been established with funds from the so-called Burning Sun scandal.
JMsolution first apologized, saying, “We sincerely regret that inaccurate information linking JMsolution to Lee Seung-hyun (Seungri) and the Burning Sun scandal has recently spread across some social media platforms and online communities, causing concern and confusion among our customers.”
The company acknowledged that it had discussed a business venture with Seungri’s side in the past. However, it explained that the plan was withdrawn before it led to an actual business and was separate from the current JMsolution.
JMsolution explained, “We established JM Town after receiving a business proposal from Lee Seung-hyun (Seungri)’s side in the past. However, after the Burning Sun scandal erupted, the business was withdrawn before it began, and the company was dissolved and liquidated in 2019 without conducting actual business or generating revenue.”
The company also made clear that there has never been any investment or equity relationship between Seungri and JMsolution. It stated, “Mr. Lee Seung-hyun (Seungri) has never invested in JMsolution or held an equity stake in it, from the past to the present. He also has no business or economic relationship involving the planning, manufacturing, distribution, or sales of JMsolution products.”
JMsolution further emphasized that specific claims circulating online were untrue.
JMsolution stated, “Therefore, claims such as ‘JMsolution is Lee Seung-hyun (Seungri)’s company,’ ‘Lee Seung-hyun (Seungri) is the owner of JMsolution,’ and ‘These cosmetics were made with Burning Sun funds’ are clearly untrue.”
The company warned that it would take legal action against false or distorted claims. GP Club said it would secure relevant evidence through its legal team and an outside law firm, then take all necessary steps to respond firmly to posts that repeatedly spread distorted claims or present limited facts from the past as though they were connected to the present.
At the same time, the company said it deeply accepted responsibility for the fact that its decisions during the past business-planning process had raised concerns among its current business partners and consumers.
JMsolution stated, “Although the matter did not lead to an actual business, we feel deeply responsible for the fact that the decisions made at the time caused concern among our current business partners and consumers. We will continue to respond responsibly to protect trust in our brand and products. Once again, we apologize to our customers who support JMsolution for causing concern.”
Meanwhile, Seungri debuted as a member of BigBang in 2006 and worked in South Korea and abroad. However, after becoming embroiled in controversy surrounding the so-called Burning Sun scandal in 2019, he left the group and retired from the entertainment industry.
He was later put on trial on nine charges, including soliciting prostitution, habitual gambling, and violating the Foreign Exchange Transactions Act. In 2022, the Supreme Court finalized his sentence of one year and six months in prison. After serving his sentence, he was released at the end of his term in February 2023.
Even after leaving the entertainment industry, Seungri continued to attract public attention as his name surfaced in various controversies. He recently drew renewed attention after being mentioned in connection with an assault dispute.
The following is the full statement from GP Club. We established JM Town after receiving a business proposal from Lee Seung-hyun (Seungri)’s side in the past. However, after the Burning Sun scandal erupted, the business was withdrawn before it began, and the company was dissolved and liquidated in 2019 without conducting actual business or generating revenue.
Mr. Lee Seung-hyun (Seungri) has never invested in JMsolution or held an equity stake in it, from the past to the present.
He also has no business or economic relationship involving the planning, manufacturing, distribution, or sales of JMsolution products.
Therefore, claims such as “JMsolution is Lee Seung-hyun (Seungri)’s company,” “Lee Seung-hyun (Seungri) is the owner of JMsolution,” and “These cosmetics were made with Burning Sun funds” are clearly untrue.
We take a serious view of acts that repeatedly disseminate false information or distort matters by linking limited facts from the past to the current JMsolution.
We are currently securing evidence regarding the relevant posts through our legal team and an outside law firm. We plan to take all necessary legal action against the creation and dissemination of malicious falsehoods.
Although the matter did not lead to an actual business, we feel deeply responsible for the fact that the decisions made at the time caused concern among our current business partners and consumers.
We will continue to respond responsibly to protect trust in our brand and products.
Once again, we apologize to our customers who support JMsolution for causing concern.
Thank you.
GP Club
Kim So-hee, Reporter yaqqol@
This article has been translated by GripLabs Mingo AI.
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