- TWICE’s Nayeon failed to repay a debt: JYP Entertainment.
- The company also issued a strong warning, stating that it will vigorously pursue legal action against any form of slander.
- The way JYPE handled Nayeon’s debt litigation will have a big impact on how artists are managed.
Regarding the claims that TWICE’s Nayeon failed to repay a debt, JYP Entertainment has released a statement, making it clear that the decision has already been made and would not affect her career in the entertainment industry.
The company also issued a strong warning, stating that it will vigorously pursue legal action against any form of slander or unfounded comments directed at one of its artists.
TWICE Nayeon
The 13th Civil Affairs Division of the Seoul Eastern District Court received a complaint from a party going by the name of Mr. A in January 2022 that was directed at Nayeon and her mother.
The accuser alleged that Nayeon owed a loan repayment of 600M won ($430,000), stating that she made a vow to pay it back after starting her K-pop breakthrough but broke her word.
The court said there wasn’t enough proof to classify this as a standalone loan with a legitimate responsibility to repay.
The way JYPE handled Nayeon’s debt litigation will have a big impact on how artists are managed. This action establishes a precedent for other entertainment businesses to adopt a comparable stance and defend their artists from unfounded accusations.
