Jung Jessica: Former Girls Generation member hit by $6.8M lawsuit over unpaid loan

Jung Jessica who owns the luxury brand, Blanc and Eclare, has been charged with a $6.8 million lawsuit by a Hong Kong company


                            Jung Jessica: Former Girls Generation member hit by $6.8M lawsuit over unpaid loan
Jessica Jung's luxury brand work had earlier posed scheduling conflicts with Girls Generation's activities and led to her dismissal from SM Entertainment's K-pop girl group (@jessica.syj/Instagram)
ADVERTISEMENT

After her dismissal from the veteran girl group in 2013, Girl's Generation, singer, and actress Jessica Jung turned into a businesswoman with her luxury brand, 'Blanc and Eclare' that her Korean-American boyfriend Tyler Kwon helped her manage. Other than her activities with the group, Jessica also worked as an actress in the South Korean industry. She was seen as Elle Woods in the Korean musical version of the Hollywood movie, 'Legally Blonde' in 2010.

ADVERTISEMENT

Other than that, Jessica Jung was known for her work as the main lead on the K-drama 'Wild Romance' in 2012. She was also seen as a host or the main cast in many variety shows which revolved around her role as a business person, all thanks to her luxury brand. The last known dispute Jessica was involved in because of her brand led to her being dismissed from SM Entertainment's Girl's Generation after scheduling conflicts with group's activities popped up.

ADVERTISEMENT

READ MORE

Will Girls' Generation reunite as OT8? Here's what SM Congress 2021's 'Goddess of Sound' means

ADVERTISEMENT

Girls’ Generation’s Taeyeon trends as 'Weekend' comeback tops charts


ADVERTISEMENT


 

Jessica Jung's brand, 'Blanc and Eclare'

The brand owned by Jessica Jung under Blanc Group Ltd is trading as "Blanc & Eclare" which is a luxury fashion brand producing eyewear, denim, clothing, skincare, and accessories. The label was launched in 2014 were Jessica initially considered naming the label as "Blanc" which means "clean and crisp". She later derived the word, "Eclare" from the Latin root "Clara," representing "clarity and brightness."

ADVERTISEMENT

With Blanc & Eclare merchandise sold in around sixty stores in locations such as Seoul, New York, Beijing, Hong Kong, Bangkok, Taiwan, Shanghai, Tokyo, and Vancouver, Jessica's brand seemed to be doing well. As reports from December 2016 suggest, Blanc and Eclare opened their first US flagship store in New York while they opened a second flagship store in Seoul, South Korea as recently as January of 2021. 

ADVERTISEMENT



 

Multi-million dollar lawsuit

Reports from September 28 suggest that Jessica's brand, Blanc and Eclare is now been embroiled in a lawsuit worth "8 billion won," which amounts to 6.8 million dollars. Hong Kong media reports from 'The Standard' suggests that Joy King Enterprises sued Jessica's brand on September 24 and the $6.8 million lawsuit was filed against her in court.

ADVERTISEMENT

Representatives of Joy King Enterprises filed the complaint. They alleged that Blanc and Eclare, the brand owned and managed by Jessica Jung and her boyfriend of eight years, Tyler Kwon, had failed to repay the arrears including the principal and interest amount before September 10— the date of maturity of the nominal investment loan. Jessica and Tyler's agency, Coridel Entertainment, has not made any official statements with regard to the lawsuit as of now.

ADVERTISEMENT