"All Employees Left, Company in Shambles" Shocking Update from the 'God of Business'

"Facing Difficulties Filming Content Due to Staff Layoffs"
Also Reveals Preparing Lawsuit While Addressing Various Allegations

YouTuber Eun Hyeon-jang, known as 'Jangsa-ui Sin,' who has been embroiled in allegations of exaggerating and inflating his assets, revealed that his business has been shattered due to penalties and other costs. On the 8th, Eun uploaded a video titled "Starting Over from the Beginning" on YouTube. In the video, he said, "Those who know my current situation are aware that the company has been completely ruined. I am overwhelmed with paying model penalties, YouTube penalties, and so on. Jangsin Company currently has no employees. The 'Jangsa-ui Sin' PD, the 'Jangsa-ui Sin' vlog PD, and the editors have all scattered."

YouTuber Eun Hyeon-jang, known as 'Jangsa-ui Sin,' who has been embroiled in allegations of exaggerating and inflating assets, revealed that his business was shattered due to penalties and other costs.
[Photo source=YouTube channel 'Jangsa-ui Sin']

He added, "This incident has become an opportunity for me to clearly distinguish between those who are on my side and those who are not." He continued, "There was a CEO who was really close to me, but he demanded penalty payments for a banner advertisement conducted two years ago. I didn’t say anything and compensated everything. It was so sad that I was speechless." He further explained, "Anyway, because of my overstatements and exaggerations, the situation escalated to this point, so I handled all of it. As I paid for each of these things one by one, the amount became enormous."

Additionally, Eun lamented the difficulties in producing content now that he has let go of all his staff. He said, "There is no PD, no editor; it’s just me now. Every time I shoot a video, I ask people around me to hold the camera and film." He explained, "Uploading 'Jangsa-ui Sin' videos in this situation is too embarrassing for my subscribers. So, I plan to properly restart after hiring a PD and an editor again."

Gained Attention as a Startup Expert Who Sold His Brand

Mr. Eun, the founder of the franchise company 'Fried Chicken Done Well' (Huchamjal), attracted attention by introducing himself as a startup expert who sold a brand he founded for 20 billion KRW. In 2019, he sold Huchamjal to IOK Company for 19 billion KRW and gained recognition by creating content similar to the YouTube version of "Alley Restaurant."
[Photo by YouTube channel 'Jangsaui Sin']

Eun introduced himself as the founder of the franchise 'Fried Chicken That’s Really Good' (Huchamjal) and attracted attention as a startup expert who sold a brand for '20 billion won.' In 2019, he sold Huchamjal to OK Company for 19 billion won and gained recognition by creating content akin to the 'YouTube version of Alley Restaurant.' He published an autobiography titled 'I Am the God of Business' that chronicles his success story and appeared on various broadcasts such as Channel A's 'Commoners’ Wealth: Escape from Closure Operation.'

In particular, Eun earned a reputation by providing free consulting to self-employed individuals struggling through YouTube. However, several controversies arose about him starting last year. Allegations surfaced that the amount he disclosed for the chicken franchise sale differed from the actual sale price. Moreover, since the brand he sold belonged to a subsidiary of Chorokbaem Media, whose chairman Won Young-sik was arrested in 2023 on charges of stock manipulation and breach of trust, suspicions arose that Eun might also have been involved in stock manipulation. To make matters worse, it was revealed that he used illegal 'macro (recommendation manipulation tools)' to increase views on the Naver cafe he operated, putting him in a tight spot.

As the expos?s continued, Eun declared a suspension of his YouTube activities, stating, "I will return once all legal complaints are resolved and it is proven that I am clean." He then posted an explanatory video on February 23, returning after three weeks. On that day, Eun addressed the allegations against him and said he is preparing for future legal actions.