South Korea is going on with discussions on a “Corean Corean law” aimed at protecting the earnings of minors’ entertainers. The proposal comes in the wake of public concern for the financial difficulties faced by the deceased actress Kim Sae-RonDespite his first success as a child Stella.
The Bae representative introduced the bill in June, which requires that 50% of the income as a minor entertainer be inserted in a trust until reaching adulthood. The initiative tries to prevent parents or tutors from mallen or exhaust their children’s earnings, guaranteeing long -term financial stability for young artists.
The legislation is inspired by Coogan Act of the United StatesWhich was issued in 1939 after the child actor Jackie Coogan discovered that his parents had squandered his fortune. According to the US law, at least 15% of a child’s income income must be guaranteed in a trust, which is not possible to access without the approval of the court.
In South Korea, the concerns intensified after the relationships revealed that Kim Sae Ronwho gained significant income from his work as a child, he fought with debts and financial instability as an adult. During the past legal proceedings, it was revealed that his father had presented bankruptcy, with Kim Listed as a creditor for a considerable amount of unpaid funds.
Public sentiment strongly supports the proposal, with many who claim that systematic protection is late:
- I think a similar law was made in the United States due to those children’s hesitacies.
- We really need something similar.
- This is honestly necessary.
- Yoo Seung-Ho also became a child actor because his family was poor … he acted to the end and high school due to financial struggles and as soon as he became an adult, he enlisted in the army. He said he thought: “If I receive the notice, I can escape from acting”, so he went.
- Once I saw a case in which the father of a child’s model – someone whose face and name are not even known – has purchased a small building in gangnam with his daughter’s money. Kim Sae-Sard must have gained much more …
- But once again, turning into an adult does not suddenly mean that the ability to protect your money is obtained. I wish there were protections until at least the Knee -olds. As soon as they hit 20 years, people will shave like vultures who try to suck them. What does a twenty year old do? The most dangerous moment is right when they became an adult.
The proposed Coreana Coogan Law It is currently under public hearing and experts in the sector provide that it could mark a turning point in child labor rights in the entertainment sector in Korea, which has seen an increasing number of minors to climb to the celebrities in k-pop and acting.
If issued, the law could establish a critical financial security network for minors entertainers, reducing the risk of exploitation and ensuring that young artists maintain access to the wealth they generate.
Sources: Theqoo
