On January 1st, 2020, Recielo Āsigned an exclusive contract with Park Yoo Chun. ŌĆ£Since there was no profit right after the contract, the CEO even took out personal loans for the company. And by the end of 2020, the company has finally reached 1 billion KRW ($854,640) in annual sales,ŌĆØ they wrote. ŌĆ£But about a month ago, we heard that Park Yoo Chun broke his contract with Recielo and signed a double contract with a Japanese agency.ŌĆØ Recielo Āthen added, ŌĆ£We came across a report in Japan that Park Yoo Chun had terminated his exclusive contract with Recielo on August 14th because of Recielo CEOŌĆÖs embezzlement. On the 16th, there was a report about Park Yoo Chun pushing ahead with a fan meeting in Japan.ŌĆØ ŌĆ£Park Yoo ChunŌĆÖs claims about Recielo are false, and theyŌĆÖre seriously damaging the reputation of Recielo and the CEO of Recielo,ŌĆØ the agency shared. ŌĆ£Recielo had never raised a problem even when Park Yoo Chun used a company cart for his personal entertainment and living expenses. We even helped out the artist with his 2 billion KRW debt (about $1,709,100).ŌĆØ According to the statement, Park gave the company card to his girlfriend that he moved in with and bought her a bag from a luxury brand. The actor even spent thousands of dollars of company funds for his games. The company continued, ŌĆ£In particular, the company paid for the money that Park Yoo Chun owned adult entertainment establishments, which was about 100 million KRW (about $85,466).ŌĆØ Recielo concluded, ŌĆ£We are experiencing a sense of loss and betrayal due to Park Yoo ChunŌĆÖs breach of contract. Now that weŌĆÖve suffered defamation, we couldnŌĆÖt help but release this statement.ŌĆØ
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