Regarding the recent decline in the stock price of Société Générale (SG), a foreign-based brokerage firm, singer Lim Chang-jung admitted to attending a party organized by suspected stock price manipulation forces, but stated that he "attended as a guest."

Lim's legal representative, Daehwan of the law firm, claimed, "Lim Chang-jung's attendance at the party was not as a member of the organizers as he was invited to the year-end event gathering by Chairman La Mo (a representative of an investment advisory firm), who was discussing pursuing the entertainment business together at the time."

In this regard, JTBC reported yesterday (28th) that Mr. Lim Chang-jung attended the so-called "Jojo Party" hosted by forces suspected of manipulating stock prices last year to commemorate the surpassing of 1 trillion won in working capital.

However, Daehwan claimed that "on December 2022, 12, the date of the event, there was no discussion between Chairman Ra regarding stock investment, and no stock account was opened in Mr. Lim's name."

He also explained, "At that time, Mr. Lim Chang-jung had been invited as an invited guest at a simple year-end party gathering less than a month after he got to know Chairman Ra, and he and their 2-year-old children were invited to attend."

"I only found out about the details of the event after I attended," he said, claiming that "the whole truth is that I gave a brief greeting, finished eating, and left first."