Yoo Ah In to Face 10 Billion Won Penalties for Breach of Contracts With Brands
Following the drug controversy, Yoo Ah In might face a 10 billion won worth penalty due to complications with his contract with several brands and companies.
The award-winning star continues to deal with the consequences of his action after being involved with illegal substance use.
After his first public appearance during the investigation at the Seoul Metropolitan Police Agency, report says that he is expected to pay over 10 billion won penalty or about $7.71 million USD to brands because of the breach of contract.
Yoo Ah In 'Very Likely' to Pay Over 10 Billion KRW Fine to Brands + Legal Counsel Clarifies
In a report obtained by a news outlet, Yoo Ah In's legal counsel Kim Sung Hoon shared to YTN that "it is very likely" that the actor will have to pay "more than 10.0 billion KRW for breach of contracts."
However, the representative says they are hoping for a possible agreement before they file a lawsuit.
Attorney Kim Sung Hoon also explained that contracts include a "clause that requires performers and artists to pay a penalty equivalent to or more than the advertisement cost if they commit crimes that cause social controversy that stop the advertisements from running and ruin the company's reputation."
Brands Pulled Out Yoo Ah In's Advertisement
To recall, the actor's endorsement deals were affected after authorities confirmed that Yoo Ah In will undergo investigation due to suspicion over the habituial usage of propofol.
At the height of the drug scandal, reports cited that the "Chicago Typewriter" star's ads were removed by brands. It includes fashion brand platform MUSINSA, outdoor brand NEPA, Chinese fashion label CROQUIS, and pharmaceutical brand I'm Vita - all of which pulled out traces of the actor's endorsements.
IN CASE YOU MISSED IT: Song Hye Kyo Reportedly Using Her Connections to Help Yoo Ah In - Here's What We Know
Meanwhile, Yoo Ah In faced the media on March 27 after a 12-hour questioning by the Seoul Metropolitan Police Agency. He expressed his deep regret as he "greatly disappointed many people" who have supported him.
Following his brief message, Yoo Ah In took to Instagram and apologized for his action. He began his statement by saying that he "provided an inadequate apology after the police questioning" and reached out to fans and co-stars as he acknowledge his mistake.
"To everyone I worked with in movies, dramas, advertisements, and more, I wish to relay my apology that I wasn't able to yesterday," he said, adding that he is also fully aware of the "errors" he made that could not be "covered with any excuses."
To recall, Yoo Ah In tested positive for four types of drugs - marijuana, propofol, cocaine, and ketamine.
Moreover, besides urine and hair strand tests, authorities barred him from leaving the country as the investigation continues. In addition, the police also confiscated Yoo Ah In's mobile phone for digital forensic work and raided his home for further evidence.
