Sung Si-kyung Faces Controversy Over Financial Damages by Long-Time Manager; Jung Woong-in's Past Scam Experience Resurfaces

Singer Sung Si-kyung has sent shockwaves through the industry with allegations of financial damages caused by a manager he worked with for over a decade.

His agency, SK Jaewon, released an official statement on the 3rd, confirming, "It has been confirmed that the former manager engaged in acts that betrayed the company's trust during their employment." The agency added, "We are currently investigating the exact scope of the damages." The manager in question has reportedly already resigned.

The agency further stated, "We acknowledge our responsibility for management and supervision and are reorganizing our internal management system to prevent similar incidents from recurring." They also expressed their deep apologies to fans for causing concern.

The manager at the center of this controversy was a key figure who handled virtually all of Sung Si-kyung's management affairs, including concerts, broadcasts, advertisements, and events. He was also a familiar face to fans, often appearing on Sung Si-kyung's YouTube channel, 'Meokul Tende'.

An industry insider remarked, "They had an extraordinary bond of loyalty," adding, "Sung Si-kyung even spared no expense in supporting his wedding," further deepening the sense of regret.

Meanwhile, actor Jung Woong-in's past confession of losing his entire fortune to a scam by his manager is being brought back into the spotlight, escalating concerns among colleagues and fans in the entertainment industry.

Jung Woong-in previously revealed on a past variety show that he lost all his assets due to his manager's fraudulent activities. He recalled the desperate situation, recounting how loans taken out using his name as collateral and even private loans led to his house being foreclosed. He stated, "I knelt before the loan sharks and begged them to forgive the debt," shocking many with his plight.

Director Jang Hang-joon emphasized the severity of the incident, adding, "He had all the seals and had taken almost all of his assets."

Currently, Sung Si-kyung's side is in the process of identifying the exact scale of damages and accountability. Attention is expected to remain focused on the case until the full details are revealed.

Netizens expressed shock, commenting, "It must be devastating to be betrayed by a manager you trusted for so long," "Sung Si-kyung must be going through so much," and "I hope entertainers don't have to suffer because of managers, like Jung Woong-in experienced."