On October 28, Lee Seung Gi took to his Instagram to share a post that read, "Lee Seung Gi (LEE SEUNG GI) DS '정리' Coming Soon. 2025. 5. 7. 6PM (KST)," along with a photo.
The photo features a somewhat withered flower illustration, with Lee Seung Gi himself announcing the release of his new song titled '정리' on May 7. The title, which translates to 'Arrangement,' coincidentally aligns with his current situation, as he recently declared his intention to sever ties with his in-laws.
Lee Seung Gi's father-in-law, Mr. Lee, along with his wife, actress Kyeon Mi-ri, is accused of inflating stock prices by falsely announcing that Chinese capital was participating in a company's capital increase.
Mr. Lee was initially sentenced to four years in prison and fined 2.5 billion won, but the appellate court acquitted him. However, the Supreme Court ruled that falsely disclosing the source of funds for the capital increase violated the Capital Markets Act.
Kyeon Mi-ri's side has stated through legal representatives that the couple is not involved in the stock manipulation case and intends to take legal action against the spread of false information.
On October 29, Lee Seung Gi released an official statement expressing his feelings: "Although my father-in-law was fined in the retrial for previously raised illegal activities, he has recently been indicted again for similar illegal acts. As someone who has been waiting for the results based on family trust, I am devastated by my father-in-law's misconduct."
He continued, "I deeply regret speaking rashly last year without thoroughly reviewing the matters related to my father-in-law. I believe that appropriate punishment must be meted out for illegal acts, and I sincerely apologize to the victims who suffered due to my hasty judgment. I am also deeply sorry to everyone who trusted and understood me."
Lee Seung Gi concluded, "I am sorry to convey this with a heavy heart. This incident has irreparably damaged the trust within our family, and after much deliberation, my wife and I have decided to cut ties with my in-laws."
Meanwhile, in April 2023, Lee Seung Gi married actress Lee Da-in, the younger sister of actress Lee Yoo-bi, who is five years his junior. The couple welcomed a beautiful daughter in February last year.