Singer Lee Mu-jin signs with new label after failing to receive settlement from former agency

Singer Lee Mu-jin, who was left unpaid a large sum in settlement fees by his former agency, has signed an exclusive contract with a newly established label.

Mound Media, an integrated entertainment company, announced Friday that one of its subsidiary labels had signed an exclusive contract with Lee.

Mound Media operates several labels under its umbrella, home to artists including Lee Seung-yoon, Han Roro and Soyou. Lee signed with a newly launched label whose name has yet to be announced.

Lee rose to fame in 2020 after finishing third on JTBC's "Singer Again" and has since established himself as a dominant force on music charts with hit songs including "Traffic Light" and "Episode."

Lee recently filed for an injunction to suspend his exclusive contract with his former agency, Big Planet Made Entertainment, claiming he had not received settlement payments owed to him. A court granted the injunction last month. The unpaid amounts Lee claims cover the second through fourth quarters of last year and the first quarter of this year, with the outstanding sum through last year alone reaching 2.1 billion won ($1.4 million).