K-Pop

“Buyout proposal of 20 billion won” FIFTY FIFTY’s agency releases shocking recording file

FIFTY FIFTY’s agency Attrakt released the recording file of the phone call with Warner Music Korea’s executive director Yoon, claiming that it is evidence of external influence.

On July 3rd, Attrakt’s CEO Jeon Hong Joon disclosed the recording file of the phone call with Warner Music Korea’s executive director Yoon OO to the media.

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On June 26th, Attrakt released an official statement, saying, “Attrakt already sent a content proof to Warner Music Korea on June 26th. It turns out that both an outsourcing company and Warner Music Korea are involved in the recent incident in which external sources attempted to lure the members with illegal intentions.” Warner Music Korea denied it on the same day, saying it was groundless.

Attrakt said, “This is the content of the recording file dated May 9th.” They revealed the content that “Warner Music Korea’s executive director Yoon offered CEO Ahn Sung Il 20 billion won for a buyout before“.

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Attrakt’s CEO Jeon Hong Joon asked, “I’ve never heard of it. What is buyout?” Executive director Yoon replied, “We proposed to take over all the children (FIFTY FIFTY members).” Surprised by this, CEO Jeon Hong Joon replied, “No, no.”

Regarding the recording file, an Attrakt official claimed, “CEO Ahn Sung Il was arbitrarily proceeding with FIFTY FIFTY’s buyout without the approval of Attrakt’s CEO Jeon Hong Joon. Besides, additional criminal facts of The Givers’ CEO Ahn Sung Il are being confirmed.”

Previously, Attrakt claimed that an outside force recently tried to approach FIFTY FIFTY members, and that there was an outsourcing company behind it. This outsourcing company is “The Givers”, a comprehensive content development group led by CEO Ahn Sung Il (producer SIAHN). CEO Ahn Sung Il is the main producer who led music work in the process of working on FIFTY FIFTY’s album.

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Meanwhile, FIFTY FIFTY debuted in November last year and was called a miracle of small and medium-sized company as their song “Cupid”, which was released in February, received an explosive response on Billboard.

▶ Full text of the recording file

Warner Music Korea’s executive director Yoon OO: There’s something I want to make sure.

Attrakt’s CEO Jeon Hong Joon: Yes, yes.

Yoon OO: We offered CEO Ahn Sung Il 20 billion won for a buyout before.

Jeon Hong Joon: I’ve never heard of it.

Yoon OO: You haven’t heard of it?

Jeon Hong Joon: Yes.

Jeon Hong Joon: What is buyout?

Yoon OO: No, that label.

Jeon Hong Joon: What label?

Yoon OO: So… In plain language, we proposed to take over all the children.

Jeon Hong Joon: No, no.

Source: Nate

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