Park Hyo Shin hit with fifth lawsuit in 9 years, gets accused of fraud and business obstruction

Singer Park Hyo Shin has all over again stumbled on himself at the center of factual controversy, with archaic pals from his outdated management company filing a lawsuit against him. This most modern case marks his fifth factual dispute over the past nine years. Per SPOTV News, Park Hyo Shin is going thru allegations of fraud and obstruction of commerce.

On April 25, 2025, SPOTV published that “CEO A” of Glove Entertainment, the corporate Park Hyo Shin turned into signed with before launching his possess company, Herbigharo, in 2022, and just a few other shareholders formally filed a complaint with the Yongsan Police Online page on April 7, 2025. The lawsuit reportedly products and companies on accusations of monetary misconduct.

The core of the allegations revolves around the distribution of company shares by Glove Entertainment in Could well also 2016 and August 2018. Park Hyo Shin, CEO A, and numerous shareholders were given shares at the time. Nonetheless, the plaintiffs now argue that Park Hyo Shin misled them by claiming their shares were being held by him below a “nominee agreement” — an agreement they now recount never in point of fact existed. They deem this deception payment them their rightful management over their shares.

As a result, they deem Park Hyo Shin manipulated the misfortune to fresh himself because the rightful owner of the shares.

Someday of a series of corporate meetings, Park Hyo Shin allegedly leveraged the disputed shares to consolidate his have an effect on, appointing terminate pals to key positions within the corporate and finally orchestrating the removal of CEO A from the board. The plaintiffs argue that Park Hye Shin’s actions quantity to “triangular fraud,” a draw in which the birthday celebration misled and the birthday celebration harmed are assorted.

They dispute that his maneuvers stripped them of their rights to approximately 23,300 shares, causing monetary loss or exposing them to valuable menace.

In accordance with the lawsuit, Park Hyo Shin confirmed that a civil case connected to the shares has been filed. Nonetheless, he pressured out that no prison charges for fraud were pursued against him.

As Park Hye Shin prepares for the highly anticipated tenth anniversary staging of the musical Phantom, fans are growing uneasy, with some beginning to ask his reputation as a result of the continuing factual concerns.