Actor Lee Jung-jae sued for fraud by rival production company's president in management rights battle... Counterclaims that allegations are ”groundless”

Kim Dong-rae, CEO of the TV series production company RaemongRaein, has filed a lawsuit against actor Lee Jung-jae for fraud.
According to the entertainment industry on the 10th, Kim Dong-rae, CEO of WY Entertainment, announced in June that he will be joining Lee Jung-jae, Park In-gyu, and production company WY Entertainment.
A complaint was filed with Seoul Gangnam Police Station against Park In-gyu, former CEO of SIWYG Studios, on suspicion of fraud under the Specified Economic Crimes Act.
Kim Dong-rae said that if Lee Jung-jae acquires RaemongRaein's shares, he will take over management rights.
After that, they continued to run the company together, bought the management division of a famous Korean entertainment company, and attracted investment from an American entertainment agency, falsely claiming that they would help the company grow.
In response, Lee Jung-jae said that he had transferred his shares to Artist, a software development company that is the largest shareholder.
United said through law firm Lin that the allegations were "completely untrue and are merely one-sided claims," and that "during the police investigation,
Artist United also filed a lawsuit against Kim Dong-rae on charges of false accusation and fraud under the Specific Economic Crimes Act.
On the other hand, RaemongRaein has appeared in "Sungkyunkwan Scandal" (2010) and "Reborn!
He participated in the production of dramas such as "Rich~" (2022) and was listed on the KOSDAQ market in 2021.
United acquired RaemongRaein through a paid-in capital increase in March of this year.