PD Choi Byung-gil Faces 2 Billion Debt Claims, Denies Misunderstanding and Promises Full Repayment

PD Choi Byung-gil Addresses Ex-wife Seo Yuri’s Debt, Clarifies Business Involvement

In a recent statement, broadcast producer Choi byung-gil has broken his silence regarding the substantial debts previously attributed to his ex-wife, television personality Seo Yuri, during their marriage. Choi PD took to his personal social media on the 1st, posting an in-depth description aimed at correcting public perception and clarifying his role in the financial matters.

PD Choi byung-gil shared his side of the story regarding financial obligations.

Choi PD explained that the debt in question was not incurred for personal use but stemmed from a joint venture, the ‘Rona Universe‘ business, in which he and Seo yuri held a 50:50 stake. He emphasized that while his personal funds were also invested in the business, he ultimately bore the duty for the debt associated with it, despite the equal ownership.

“The debt that was lost to Seo Yuri was not used personally,” Choi PD stated, “but I entered the ‘Rona universe’ business that owned 50:50. Of course, my personal money was spent. The stake was half and half, but I was responsible for the debt in the business.”

The couple married in 2019 and divorced last year. At the time of their separation, it was reported that Seo Yuri had accumulated debts amounting to 2 billion won, with 1.3 billion won having been repaid. Choi PD’s statement suggests a desire to provide a more complete picture of the financial disentanglement and to ensure he is not perceived as having personally misused the situation or created the circumstances leading to the debt.

“Anyway,I am trying to be responsible and implementing the debt that I will pay back,” Choi PD concluded. “As a result, I want to make this article for the first time because I want to clarify that I personally use this situation and made this situation.” This move signifies a proactive approach to managing public narrative and upholding personal accountability in the aftermath of a dissolved partnership, both personal and business-related.

How might Choi Byung-gil’s financial situation impact the Korean film industry’s willingness to invest in independent action thrillers?

The Financial Strain on Producer Choi Byung-gil

Renowned south Korean film producer, Choi Byung-gil, best known for his work on action blockbusters like The Villainess and Carter, is currently grappling with notable financial difficulties. Recent reports indicate that Choi Byung-gil is facing a combined 2 billion korean Won (approximately $1.5 million USD) in debt claims filed by multiple creditors. This news has sent ripples through the Korean entertainment industry,prompting questions about the producer’s financial management and the future of his projects. The debt claims, filed in July 2025, highlight a complex web of financial obligations.

Details of the Debt Claims

The claims originate from a variety of sources, including:

Investment Agreements: A ample portion of the debt stems from unpaid investments related to previous film productions. These investments were reportedly secured with promises of profit participation.

Loan Agreements: Several creditors are identified as financial institutions and private lenders who extended loans to Choi Byung-gil for both personal and production-related expenses.

Production Costs: Unpaid invoices from vendors and crew members involved in past projects contribute to the overall debt. Specifically, reports mention outstanding payments for visual effects and post-production services.

Guarantees: Some claims appear to be related to personal guarantees Choi Byung-gil provided for other entities.

The legal proceedings are currently underway, with creditors seeking to recover their funds through asset seizure and potential bankruptcy proceedings. The exact breakdown of each claim is still being investigated by legal representatives.

Choi byung-gil’s Response: Denial of Misunderstanding & Repayment Pledge

In a statement released through his legal counsel on August 1st, 2025, Choi Byung-gil vehemently denied any intentional wrongdoing or misunderstanding regarding the debt. he acknowledged the existence of the claims but attributed them to temporary financial setbacks experienced during and after the production of carter,which faced distribution challenges due to the COVID-19 pandemic.

Key points from his statement include:

Acknowledging the Debt: Choi Byung-gil confirmed the 2 billion Won debt but framed it consequently of unforeseen circumstances.

Denial of Malice: He explicitly stated that there was no intention to defraud creditors or engage in any illicit financial activities.

Repayment Plan: Choi Byung-gil pledged to work diligently towards a full and comprehensive repayment plan. He indicated he is actively exploring options such as asset liquidation and securing new investment opportunities.

Commitment to Future Projects: Despite the financial strain, he reaffirmed his commitment to continuing his career as a film producer and director.

Impact on Current and Future Projects

The financial crisis raises concerns about the status of Choi Byung-gil’s upcoming projects. he was reportedly in pre-production for a new action thriller, tentatively titled Project Phoenix, but its future is now uncertain.

Project Phoenix status: Funding for Project Phoenix is currently on hold pending resolution of the debt claims. Potential investors are reportedly hesitant to commit capital until Choi Byung-gil’s financial situation is stabilized.

Production Delays: Existing projects that rely on Choi Byung-gil’s involvement may face significant delays or even cancellation.

* Industry Reputation: The controversy could potentially damage Choi Byung-gil’s reputation within the Korean film industry,impacting his ability to secure future funding and collaborations.

Legal Proceedings and Potential Outcomes

The legal battle is expected to be protracted and complex. Several possible outcomes are being considered:

1. negotiated Settlement: A negotiated settlement between Choi Byung-gil and his creditors could involve a structured repayment plan, asset transfer, or a combination of both.
2. Personal Bankruptcy: If a settlement cannot be reached, Choi Byung-gil may be forced to file for personal bankruptcy, which woudl result in the liquidation of his assets to satisfy the debt claims.

3.