Sung Si-kyung Suffers Financial Damage from Manager of 10 Years... Agency Releases Official Statement

Singer Sung Si-kyung has reportedly suffered financial damage from a manager he has worked with for over 10 years.

Sung Si-kyung's agency, SK Jae-won, stated on the 3rd, "It has been confirmed that Sung Si-kyung's former manager engaged in acts that breached the company's trust during his tenure." They added, "We have recognized the seriousness of the matter through an internal investigation and are currently confirming the exact extent of the damage."

According to My Daily's investigation, it has been confirmed that Sung Si-kyung recently parted ways with his manager, who he had worked closely with for over 10 years, resulting in financial damage due to work-related issues. This manager was responsible for the practical aspects of performances, broadcasts, advertisements, and events related to Sung Si-kyung.

Although the manager, who came over from the previous agency, had shown good synergy, he recently caused work-related issues, leading to financial damage for Sung Si-kyung and associated external companies and personnel. The exact amount of damage has not been disclosed, but it is understood to be a significant sum.

Sung Si-kyung and his agency became aware of this fact belatedly, immediately terminated their work with the manager, who is now no longer with the company. The agency stated, "We take our management and supervisory responsibilities seriously and are currently reorganizing our internal management system to prevent similar incidents from occurring in the future," and expressed, "We deeply apologize to the fans who love our artist for causing concern."