IU's agency responded to accusations she was involved in an alleged fraud investment. The South Korean singer's agency also promised to take legal action about this issue.
News outlet Sky E-Daily reported on January 7 that IU was among those who allegedly benefitted from the opening of new high-speed rail system GTX lines, according to Soompi. The three new lines that will connect Seoul to the outskirts of Gyeonggi Province are being developed at the moment, and the report noted the singer bought a property back in January 2018 which was reportedly included in one of the cities the new lines will pass through.
IU reportedly bought the land at 4.6 billion won, and its market price now is 6.9 billion won, which is 2.3 billion won more than what the singer originally paid. IU was allegedly on the list of people who benefitted on the said project, and she was the only celebrity and female on the list. Other reports suggested the singer received the biggest benefit.
After the alleged report, rumors spread IU has been involved in an investment fraud. Some people said the singer was aware of the cities that the new GTX lines will pass through, so they accused her she only bought the land with the intention of selling it at a higher price later on.
IU's agency, Kakao M, responds to the alleged investment fraud and denied the accusations. As per the agency, IU indeed bought a building near the Gwacheon, Gyeonggi Province back in January. But, the singer has no intention to sell it, and she only bought it for personal use.
The agency explained the building currently has a room with 4-5 private practice booths for IU's junior artists, as well as her studio. And then, the rest of the entire building was being used as an office for the business of her mother. The agency concluded IU has no intention of selling the property anytime soon, and the only reason why she purchased it is that the building is near to her home in Bangbae.
The agency also released a statement via the official Facebook page of IU which includes photos from the interior of the building and promised to take legal action against the investment fraud rumors. In the statement, the agency noted the speculations and rumors are completely false, and there are no plans to sell the building being questioned.
The agency said they are collecting evidence through emails sent by fans regarding malicious comments and online rumors. To protect IU from defamation of character, the agency vowed to take a strong legal stance on this matter.
