Polaris Entertainment announced its position on a lawsuit filed by the international computer company Donuts for the return of a deposit.
“As stated, we expect to repay the deposit as soon as we get it back because the company has not received it yet,” Polaris Enteratinment told Star News today.
“The case is ongoing and the trial will determine whether the case will be settled or not,” she added.
According to media reports, the Seoul Central District Court ruled on Oct. 8 that Polaris Enterainment was to pay the company Donuts 360 million won in loan guarantees and late losses.
According to sources, Polaris Entertainment team partnered with Donuts in 2017 to launch a project to develop a group of girls: LOONA and received 400 million won as a deposit on a rental agreement. space (brand agency contract). However, he was indicted for failing to repay the remaining 360 million won, net of 40 million won.
Donuts filed a complaint claiming that it had invested 3.5 billion won on condition of appearing on the company’s “My Live” show, but that the agency had not returned the deposit and had not faithfully performed the contract that had passed.
Translation of the POLARIS Entertainment statement :
Today (October 17), we are here to discuss the relationship between Polaris and Donuts.
As noted, with respect to the Place Branding agency’s deposit refund application, we expect to reimburse the deposit as soon as we receive it because the company has not received it yet.
In addition, the return of the placement is pending and the results of the test will determine whether or not this is the case.
Thank you.
Official Statement of POLARIS Entertainment:
다음은 폴라리스 측 입장 전문
금일(17일) 폴라리스, 도너츠간의 보도와 관련해 입장 전해 드립니다.
보도와 같이 장소 브랜딩 대행계약과 관련한 보증금 반환 소송과 관련해서는 장소 대여 보증금을 회사 측도 아직 돌려 받지 못한 상황이라 보증금을 돌려받는대로 상환할 계획입니다.
또한 투자금 반환 소송건에 대해서는 현재 소송이 진행중인 사항이고 재판 결과에 따라 시시비비가 가려질 것입니다.
감사합니다.
Journalist : Shawn
Translator : Shawn
Source : Polaris Entertainment / Starnews
