Hook Entertainment Responds To Reports Of CEO Using Lee Seung Gi’s 4.7 Billion Won Loan To Buy Luxury Apartment

Hook Entertainment has responded to reports related to Lee Seung Gi lending its CEO billions of won (millions of dollars) over the past eight years.

On November 26, Korean news outlet 10Asia reported that between 2014 and 2021, Lee Seung Gi had lent Hook Entertainment CEO Kwon Jin Young a total of 4.725 billion won (approximately $3.538 million) with zero interest.

Additionally, 10Asia reported that during that time period, Kwon Jin Young had purchased a 3.4 billion won (approximately $2.5 million) residence in the famous luxury apartment complex Hannam the Hill—and paid for it in cash. The timing of the

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What to know about the latest payment pause extension on student loans

President Joe Biden and Secretary of Education Miguel Cardona.

The Washington Post | The Washington Post | Getty Images

It’s been almost three years since people with federal student loans have had to make a payment on their debt, and the Biden administration recently announced that borrowers have even more time.

In March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy, the U.S. Department of Education suspended federal student loan payments and the accrual of any interest, providing borrowers extra breathing room during an especially hard financial period.

Resuming the bills for more than 40

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Biden’s student loan forgiveness: A timeline of legal challenges facing the plan

President Joe Biden’s student loan debt forgiveness plan is facing several lawsuits at various stages. Here’s a look at a timeline of those legal challenges. (iStock)

President Biden’s student loan debt forgiveness plan has faced a series of legal challenges, including a recent block by a federal appeals court. 

The 8th U.S. Circuit Court of Appeals, based in St. Louis, issued an injunction on Nov. 14 extending a temporary block that was placed on the loan forgiveness plan in October. 

The move was part of just one lawsuit against the plan. In total, six lawsuits have been filed

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Should I Cancel My Student Loan Refund Now That Biden’s Forgiveness Plan Is on Hold?

Doug Mills / AP

The Biden administration’s one-time student loan forgiveness plan has been blocked by courts, leaving many borrowers to wonder what they should do with their student loan refund.

Explore: 4 Government Agencies That Help You Pay Off Your Student Loan
Learn More: Biden Administration Calls on Supreme Court to Reverse Injunction

A COVID-19 relief bill made it possible for borrowers who made payments on their federal student loans to request a refund. After Biden announced his plan to forgive up to $10,000 to $20,000 per borrower, those who paid down their balance below that limit during the

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Some student loan relief applicants get approval notice from Department of Education

President Joe Biden speaks as Miguel Cardona, US secretary of education, right, listens in the Eisenhower Executive Office Building in Washington, D.C., US, on Monday, Oct. 17, 2022.

President Biden speaks next to Secretary of Education Miguel Cardona in the Eisenhower Executive Office Building in Washington, D.C. on Oct. 17. Photo: Bonnie Cash/UPI/Bloomberg via Getty Images

The Department of Education has begun alerting student loan forgiveness applicants that they have been approved for relief under the Biden administration’s plan.

The big picture: The update comes after the Biden administration last week urged the Supreme Court to lift a lower court ruling that blocked the student loan relief program.

Driving the news: The emails being sent by the Department of Education to applicants of the relief program read: “We

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Four student debtors tell why they refuse to pay back loans

Stick a fiscal fork in ’em: These student loan debtors are done.

As they contend with a second legal setback to President Biden’s estimated $430 billion student debt cancellation plan, some exasperated borrowers told The Post they won’t ever pay another penny toward their massive tabs — regardless of how it might impact their future finances.

Rather than having up to $20,000 forgiven as Biden vowed in August, the fed-up debtors remain among the more than 45 million borrowers who owe a total of $1.6 trillion in federal student loans. The average undergraduate borrower leaves college with nearly $25,000 in

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With Biden student loan forgiveness blocked, feds seek other options

  • The president’s plan to forgive tens of billions in student loan debt has been blocked, but the administration has still managed to cancel billions in debt through other relief programs.
  • Some planned changes, however, could make it easier for future borrowers to find relief.
  • Those changes depend on whether an administration friendly to borrowers remains in the White House.

The complexity of paying student loans starts early: The federal government offers a grace period of six months to fresh college graduates in which they’re free to skip their payments, similar to the student loan moratorium, as they establish themselves in

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