Dispatch has revealed how Song Ji Hyo is owed ₩900 million KRW (about $671,000 USD) and but Uzurocks‘ CEO is spending firm cash on his Porsche lease whereas his workers make barely over minimal wage and aren’t even getting paid.
In an unique report from Dispatch, they outlined simply how a lot of a problem Uzurocks’ CEO Park Joo Nam is inflicting, each to Song Ji Hyo herself and the corporate’s workers. So far, Uzurocks has delayed their cost to Song Ji Hyo eight totally different times — their “promised” cost dates had been February 10, February 12, February 28, March 10, March 31, April 10, and April 30. The newest replace to the cost date is now June, however is more likely to be delayed once more. Song Ji Hyo is at the moment owed ₩900 million KRW (about $671,000 USD) but it surely’s the corporate workers who’re damage much more in the mean time. Song Ji Hyo even spoke up herself about how she is okay with ready, however her firm’s workers are affected by the greed of the CEO.
I will likely be fantastic, even when I don’t get that cash proper now. But the staff on the firm have grow to be credit score delinquents, their bank cards have been declined, and their cellular phone plans had been minimize off.
[Park Joo Nam’s] Porsche lease charge is ₩2.00 million KRW (about $1,490 USD) monthly, which is a luxurious, however the workers’ wage can be about ₩2.00 million KRW (about $1,490 USD) monthly, and that’s their livelihood,
— Song Ji Hyo
Due to this, Song Ji Hyo spoke up. Not solely are there points with Uzurocks not paying Song Ji Hyo, but additionally how the corporate is entrenched in fraudulent enterprise offers and in the long run, everybody suffered because of Park Joo Nam’s lies.
Uzurocks’ Lies
Park Joo Nam drives a Porsche to and from work. From head to toe, he’s wearing luxurious. He lies to these round him, claiming he’s value tens of billions of received. However, the truth is that he’s in debt, numerous debt. He has not paid his firm employees and likewise has not reimbursed any bills that his employees had incurred because of work-related enterprise.
Uzurocks was established in 2019, primarily specializing in social media content material via platforms sucha s YouTube and TikTookay. Park Joo Nam himself entered the entertainment industry via a celeb connection as he was shut with former S#arp member Lee Ji Hye, who now promotes primarily as a tv persona.
Park Joo Nam ended up increasing Uzurocks right into a multifacted firm, not solely being concerned within the entertainment industry but additionally magnificence, theme parks, albums, and even the health industry. However, all of his enterprise ventures have finally led to deficits, deficits, and extra deficits. Uzurocks has no capital, having a web revenue ratio of -72.42% for fiscal 12 months 2021 (which means that their bills are 72.42% greater than their income). Even worse, the corporate’s debt ratio is a whopping 214,820%. (which means that if the corporate’s property are $100, they’ve $214,820 in liabilities).
Park Joo Nam wanted increasingly cash, so he began posting news of out of doors firms investing into Uzurocks on-line. There had been posts equivalent to how Naver invested ₩10.0 billion KRW (about $7.45 million USD) into Uzurocks and the way Uzurocks partnered with Golfzon GDR.
Dispatch contacted each Naver and Golfzon, with each firms denying they ever partnered with Uzurocks.
This is faux news. We will take motion in opposition to the corporate.
— Naver
We have delivered GDR merchandise to them, however there has by no means been a separate enterprise deal.
— Golfzon
Uzurocks even ended up in scorching water with their health enterprise, scamming their fitness center members of their cash. It is estimated that 600 members of their fitness center suffered monetary damages, together with the employees of the fitness center. Dispatch was in a position to go to a department of the fitness center within the Wirye district of Seoul, the place a sufferer spoke briefly to Dispatch.
Would you have got ever imagined that an organization that has Song Ji Hyo would take the fitness center membership charges from their members?
— Victim
Song Ji Hyo the sufferer
Since the signing of her unique contract with Uzurocks in October 2022, Song Ji Hyo has not been paid. Dispatch has confirmed that the quantity she is owed is round ₩900 million KRW (about $671,000 USD). This quantity doesn’t embody what she is paid for showing in Running Man, as she receives that immediately from SBS.
The method that Uzurocks’ managers go about their enterprise is totally different from most businesses. The supervisor will first spend cash for purchases or requirements on their private card after which request for a reimbursement from the corporate. Most different firms provide an organization card to make use of for bills.
Managers needed to cost their work bills to their private playing cards. With a private bank card restrict of ₩1.00 million KRW (about $745 USD), some managers needed to now account for gasoline, meals, and drink bills along with their very own private bills after they weren’t working. Even with all of this, Uzurocks didn’t reimburse their workers correctly.
When Song Ji Hyo came upon about this, she took motion, particularly after listening to that one in all her workers was not in a position to repay their bank card debt on time.
Song Ji Hyo gave me her card. I paid for on-site bills utilizing her card.
— Uzurocks worker
Eventually, Song Ji Hyo selected to take authorized motion and despatched 5 requests for cost to the corporate. The firm every time replied that they wanted extra time to provide you with the cash, utilizing excuses equivalent to “we’ll ship it quickly,” “the corporate checking account is frozen,” “we’ll obtain an funding from overseas quickly,” or “the buyers have arrived in Korea now.” But every time, no cash was paid and on April 27, Park Joo Nam all of the sudden resigned. Song Ji Hyo filed her lawsuit in opposition to the corporate on May 2.
The exploited workers
Dispatch met up with six Uzurocks workers (known as A, B, C, D, E, and F) ranging in age from their 20s to 30s. The common annual wage for the six workers is ₩27.0 million KRW (about $20,100 USD). Just to notice, the minimal wage in Korea is at the moment ₩9,620 KRW (about $7.17 USD) per hour, which implies the yearly minimal wage for a full time job is ₩24.1 million KRW (about $18,000 USD). However, the quantity the staff really obtained averaged to round ₩2.00 million KRW (about $1,490 USD). Most of the staff had been new to the working life.
In February, among the workers obtained a notice of arrears. The message was that the corporate didn’t pay into the nationwide pension (in Korea, employers are required to contribute 50% to an worker’s nationwide pension. The worker contributes 4.5% of their wage and the corporate contributes 4.5% of their wage). The workers shared how they suffered because of Uzurocks’ incapability to pay them on time.
I couldn’t stay correctly as a result of my wage was not paid on time. My bank card invoice was overdue and I needed to cancel my installment financial savings account. I additionally needed to ask my dad and mom for cash.
— Employee “A”
I couldn’t pay my bank card invoice as a result of I didn’t get my wage. Later, even my transportation playing cards had been suspended. I even obtained a discover that my property could be seized from the bank card firm.
— Employee “B”
Dispatch additionally famous that worker “B” needed to additionally pay for drugs each month because of a persistent sickness, however was compelled to have their utility charges and curiosity funds delayed as a result of necessity of their drugs and physician visits. Ultimately, worker “B” collapsed and their mom needed to pay for the hospital charges.
I lived with the assistance of my dad and mom. When I requested why my wage cost was delayed, they instructed me it was as a result of the corporate remains to be rising. A bit later, I used to be laid off.
They mentioned funding cash would are available from Italy. The buyers additionally participated within the administration of the corporate although and requested for layoffs. They mentioned it will be extra worthwhile to make use of an outsourcing firm as an alternative.
— Employee “C”
The tales instructed by workers “D” and “E” are related in content material. They shared how Song Ji Hyo would assist contribute by permitting them to make use of her personal bank card for bills when their private playing cards had been blocked. When Song Ji Hyo raised a problem, the staff received a few of their cash paid, however are nonetheless lacking among the cash they’re owed for his or her work in April.
Song Ji Hyo, caring for her firm workers proper till the top
Song Ji Hyo’s consultant thanked Dispatch for listening to the tales of the staff who suffered by the hands of Uzurocks, and expressed their needs that they obtain the wage they labored onerous to earn.
The workers additionally shared tales about how Song Ji Hyo personally helped them throughout their times of economic disaster.
Last 12 months, I used to be in an accident. I had two surgical procedures and the hospital invoice got here out to over ₩10.0 million KRW (about $7,450 USD). I wasn’t in a position to do my job from residence, however Song Ji Hyo paid for my hospital invoice.
Because of Covid-19, my caregiver was unable to go to me on the time. But Song Ji Hyo got here at evening to speak to me. She was subsequent to me after I was admitted to the emergency room and subsequent to me once more after I was discharged. The medical doctors had been all stunned.
— Employee “A”
Song Ji Hyo all the time paid for the taxi fare after the conclusion of a schedule. When a supervisor was busy, she would drive us to the subsequent schedule herself. To me, she wasn’t a celeb, however an older sister.
— Employee “F”
In the top, Song Ji Hyo’s aspect wrapped up by saying that they hope that this subject will likely be correctly resolved.
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