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Lee Seung Gi sends Hook Entertainment a notice that his contract will be terminated

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Lee Seung Gi has requested Hook Entertainment to end his contract.

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"Today, Lee Seung Gi sent a termination notice for his exclusive contract to Hook Entertainment," a spokesman for Lee Seung Gi stated on December 1.

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Lee Seung Gi requested an open disclosure of money in a certification of contents he sent to Hook Entertainment last month.

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A few of days later, it was revealed that Lee Seung Gi hadn't made any money off of music in the previous 18 years, 

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to which Hook Entertainment quickly reacted. A response from Lee Seung Gi's legal counsel about the profit issue

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was given by Hook Entertainment, who also denied the claims and said they were carefully examining the situation. 

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It was revealed this past week that Lee Seung Gi had lent the CEO of Hook Entertainment billions of won 

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(millions of dollars) over the previous eight years, using which the CEO had bought a posh condominium.

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CEO Kwon Jin Young clarified that Lee Seung Gi had nothing to do with the condo acquisition while 

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Hook Entertainment retorted that they had nothing to do with the CEO's personal concerns.