Lim Chang-jung reported on his recent status.

On the 2nd, Lim Chang-jung posted a photo on his social media with the caption, "Since it's May, I'm heading to Daegu while listening to May. See you soon!"

The released photo features Lim Chang-jung on the way for a concert schedule. His somewhat haggard face while taking a selfie draws attention.

Previously, Lim Chang-jung resumed his activities after being acquitted of stock manipulation allegations in 2023. However, following the resumption, he faced disputes with the concert planning company and again landed in controversy.

According to the concert planning company, in March 2020, the company and Lim Chang-jung signed a nationwide tour concert contract and pre-paid a total of 1.48 billion won in guarantees by 2021. However, in November 2021, after Lim Chang-jung violated health regulations and tested positive for COVID-19, the concert was postponed, and some performances were held in 2022 under the title "Multiverse." The remaining performances were scheduled for 2023, but Lim Chang-jung broke the contract intending to proceed with the concert with new investors.

Subsequently, in April 2023, as Lim Chang-jung faced difficulties in his activities due to stock manipulation allegations, the concert planning company drafted a damages settlement agreement. The agreement specifically outlined total damages of 1.12904 billion won including performance guarantees and venue fees, and the planning company stated that it calculated the damages considering Lim Chang-jung's situation.

In response, Lim Chang-jung's side claimed, "The unreturned guarantee mentioned by the concert planning company includes not only the remaining concert guarantee that could not be conducted due to the incident at that time but also the damages to the concert planning company, interest, future expected revenue, and even the cost of producing a remake album. The actual amount of debt is different from the claim. Currently, some of the damage compensation has been repaid, and due to loss of repayment ability at that time, I have actively cooperated with the concert planning company's request to write a settlement agreement for the transfer of company property mortgaged to Company A and have faithfully fulfilled repayment obligations."

[Photo] Social Media

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