![]() Discussion posts should be based on interesting or novel topics that are conversation starters.Any media that is obviously behind a paywall or exclusive to people who have paid/subscribed to a service are not allowed. Pirated content will be removed if an official source becomes available or is likely to in the future. Link to officially licensed sources as often as possible.Throwback posts are curated by moderators on Thursdays. Make sure that the content submission has not been posted already (No Reposts!). Only content released within the last 30 days is allowed.If the article is in Korean, provide a full English translation or a detailed summary in the comments at the time of posting. English-language articles are favored.Titles entirely in Korean will be removed. Do not use vague titles or editorialize them without permission from moderators. Titles should be detailed, accurate, and follow our Title Formatting Guide in the Rules Page.If you dislike a group, ignore threads about them. Do not post hateful or hostile comments about artists, songs, or their fans. Personal attacks, racism, and hate speech will not be tolerated.Show All Hide News/Rumors Hide Releases Hide Teasers Hide Performances Hide Variety Hide Discussions Subreddit Rules Link to Rules. "Considering our company's scale, it is a loan that can easily be repaid, but having to repay the entire loan plus the interest within just two weeks, right after the loan was transferred, is too much," added Tyler Kwon.įor more K-Pop news and updates, always keep your tabs open here on KpopStarz.News & Rumors Releases Teasers Performances Variety Discussions Filter by Flair YOU MIGHT BE INTERESTED IN: Jessica Jung Net Worth 2021: How Wealthy is the 'Blanc & Eclare' Founder? However, they still wanted the two-week deadline. And without us even knowing that the loan had been transferred, Joy King Enterprises had suddenly notified us and said, 'Repay the loan within two weeks.'"ĭespite Blanc & Eclare coming to an agreement with Spectra SPC over the extension of the loan's time period, Joy King Enterprises continue to insist that it be repaid within two weeks, which eventually led to a lawsuit.Īccording to Tyler Kwon, they had asked Joy King Enterprises to give them more time, especially as September included a lot of public holidays that they would be able to resolve the matter. ![]() He continued, "But last August, the loan was transferred to Joy King Enterprises. IN CASE YOU MISSED IT: Jessica Jung Hints at New Singles and Album + Shares Thoughts About Social Media Then in 2020, consdering the COVID-19 situation, we came to an agreement with Spectra SPC to extend the loan's time period past what we had originally promised," said Tyler Kwon. "After borrowing funds from Spectra SPC for the first time in 2016, we diligently repaid the loan for about three years. After a month of transferring the loan, Joy King Enterprises had suddenly demanded that Blanc & Eclare repay the $6.5 million loan within two weeks. Tyler Kwon explains that Blanc & Eclare had originally borrowed $4 million USD from Spectra SPC, but in August, Spectra SPC handed over the loan to Joy King Enterprises. " He added that Jessica Jung's character has been defamed due to the misleading reports that had suggested that the loan was given to Jessica Jung as an individual. He also clarifies that the loan is not Jessica Jung's personal debt, "This is not a personal debt of Jessica's, but a loan of the corporation. IN CASE YOU MISSED IT: Jessica Jung's Fashion Brand 'BLANC & ECLARE' Involved in a Lawsuit over a Loan of $6.5 Million "It is a situation that can be readily resolved," Tyler Kwon notes. Responding to the reports, Tyler Kwon spoke with the Korean news outlet MyDaily, and explained that the situation, which he described was "unfair," had happened in the process of the loan being transferred to a new creditor. On September 28, CEO of Coridel Entertainment and Jessica Jung's longtime boyfriend, Tyler Kwon, officially responded to the recent reports made by media outlets in Hong Kong regarding Jessica Jung's fashion brand, Blanc & Eclare, which is also currently being operated by the couple, has been sued over an unpaid loan of $6.5 million USD by Joy King Enterprises. Jessica Jung's Boyfriend Tyler Kwon Clarifies Reports Regarding 'Blanc & Eclare' Lawsuit Following reports of "Blanc & Eclare" having an unpaid loan of over $6.5 million USD, Jessica Jung's boyfriend, Tyler Kwon, gave a response.
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