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‘Squid Game’ star Lee Jung-jae accused of trying to take over production company RaemongRaein

Squid Game star Lee Jung-jae has been accused of trying to take over production company RaemongRaein, best known for K-dramas Maestra and Reborn Rich.Today (June 10), Lee Jung-jae and his company Artist United were accused by Kim Dong-rae, CEO of RaemongRaein, of trying to usurp control of the production company in a press statement, per The Korea Herald and The Korea Times.Kim’s press statement comes amid a legal dispute between Artist United and RaemongRaein, with the former having filed an application with the court seeking approval to hold an extraordinary general meeting to appoint RaemongRaein’s directors.Artist United had become the largest shareholder of the publicly listed RaemongRaein this March, after having acquired 18.44 per cent of the company. Notably, Lee is the largest shareholder of Artist United witha 23.49 per cent stake, while also owning 5.12 per cent of RaemongRaein.In his press statement, Kim alleged that Artist United had “used Raemongraein’s funds to acquire a suspended entertainment company” and that the move was “contrary to our initial discussions before the investment”.“This move by [Lee and Artist United], just three months after becoming the largest shareholder, appears to be an attempt to use Raemongraein’s cash assets as a shell to acquire another company,” Kim added in his statement.Kim also mentioned Lee directly in his statement, claiming that the actor “has never visited the company or presented any vision for its management”.
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‘Squid Game’ star Lee Jung-jae accused of trying to take over production company RaemongRaein
Squid Game star Lee Jung-jae has been accused of trying to take over production company RaemongRaein, best known for K-dramas Maestra and Reborn Rich.Today (June 10), Lee Jung-jae and his company Artist United were accused by Kim Dong-rae, CEO of RaemongRaein, of trying to usurp control of the production company in a press statement, per The Korea Herald and The Korea Times.Kim’s press statement comes amid a legal dispute between Artist United and RaemongRaein, with the former having filed an application with the court seeking approval to hold an extraordinary general meeting to appoint RaemongRaein’s directors.Artist United had become the largest shareholder of the publicly listed RaemongRaein this March, after having acquired 18.44 per cent of the company. Notably, Lee is the largest shareholder of Artist United witha 23.49 per cent stake, while also owning 5.12 per cent of RaemongRaein.In his press statement, Kim alleged that Artist United had “used Raemongraein’s funds to acquire a suspended entertainment company” and that the move was “contrary to our initial discussions before the investment”.“This move by [Lee and Artist United], just three months after becoming the largest shareholder, appears to be an attempt to use Raemongraein’s cash assets as a shell to acquire another company,” Kim added in his statement.Kim also mentioned Lee directly in his statement, claiming that the actor “has never visited the company or presented any vision for its management”.
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‘Squid Game: The Challenge’ winner still hasn’t received any money 10 months later
Caution: spoilers aheadThe winner of the first season of Squid Game: The Challenge has revealed that they are yet to receive any of their $4.56million prize.READ MORE:‘Squid Game: The Challenge’ review: give this game show spin-off the green lightSeason one of the spin-off game show came to a dramatic conclusion in the final episode, which was released onto Netflix on Wednesday (December 6).Adapted from the hit Netflix K-drama Squid Game, the new game show saw 456 contestants whittled down to a final three: Phillip Cain, Mai Whelan and Samuel Wells, who were competing for the jackpot sum of $4.56m (£3.57m) – the biggest cash prize in TV history.Just like the K-drama, The Challenge saw the contestants compete in a number of simple children’s games, with multiple players being eliminted in each round.The climactic episode saw contestants Mai and Phillip progress to the final challenge, which saw them play Rock, Paper, Scissors for a chance to win the keys to the safe containing the massive jackpot.After winning the game and successfully opening the vault, Mai was crowned the show’s first-ever winner and recipient of the enormous cash prize.“Today just validates that anything is possible,” Vietnamese-born 55-year-old Mai Whelan said after winning. “Even when you feel down and afraid, you have to pick yourself up, be a strong person and focus.”In a new interview with The Times, Whelan has confirmed that she has not received a “cent” of her winnings.“I feel like Tom Cruise in Jerry Maguire.
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