After seeing his response denying the allegations, we have decided to pursue legal action.
JG Star laid out the timeline of events leading to the dispute:
1.
Lim verbally agreed to grant JG Star lifetime concert rights in exchange.
Lim received an advance of 75 million (~$51,000), but the project was never completed.
Property Collateral Dispute
Lim transferred temporary ownership of his office building to JG Star as collateral.
However, JG Star later discovered the building was heavily mortgaged, making it insufficient to cover the losses.
Lim continued to use the building without paying rent, contradicting his claims of financial hardship.
Lim Chang Jung had the means to repay his debts but chose to avoid doing so.
SEE ALSO:Park Bo Gum makes a powerful comeback as a boxer-turned-cop in JTBCs ‘Good Boy’
