The latest revelation about the late actress Kim Sae Ron has shocked many. Reports have surfaced that she was grappling with a significant debt amounting to 700 million KRW (approximately $532,000) owed to her former agency, Gold Medalist. This staggering debt was primarily a result of fines and compensation payments related to a drunk driving incident that occurred in May 2022.
The unfortunate night in Gangnam, Seoul, saw Kim Sae Ron involved in a car crash under the influence, colliding with a transformer and triggering a widespread power outage that impacted local businesses. The aftermath of the incident resulted in hefty compensation claims and contractual breaches for the actress.
Sources from the entertainment industry disclosed that Kim Sae Ron had pleaded with her agency for more time to settle the debt, citing financial hardships and vowing to clear the arrears. Regrettably, she could not uphold this promise before her tragic demise.
The news of Kim Sae Ron's passing at her residence in Seongdong-gu, Seoul on February 16 shocked the industry. While there was no suicide note found at the scene, an autopsy is pending confirmation based on the family's wishes. The funeral service is currently underway at Seoul Asan Hospital in Songpa-gu, with the interment set for February 19. Details about her final resting place are yet to be disclosed.
Despite her contract expiration with Gold Medalist in December 2022, Kim Sae Ron had pledged to settle the significant debt. However, facing a dwindling career and tarnished public perception, she struggled to make ends meet. Juggling part-time roles at cafes and acting schools, she found it challenging to cover her daily expenses, let alone clear her financial obligations.
As delays in debt repayments mounted, Gold Medalist issued a legal notice demanding repayment, as the funds provided to her were crucial for the agency. The unresolved claims hint at potential consequences due to a breach of fiduciary responsibility if the debt remains outstanding.
While grappling with financial turmoil, it is essential to remember Kim Sae Ron's endearing commitment to supporting abandoned animals despite facing harsh criticism during her arduous times.