Videos uploaded by Chensu Jung on May 3 and May 7, 2022.
Jung’s statement :
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(1:03)
I will meet with capital investors in North America, persuade them to support the cause, and secure seed funding to establish a nonprofit organization.
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(21:04)
This is not a personal project, nor is it a project of Yeollin Gonggam TV. As I have repeatedly stated, a separate legal entity will be established.
That entity will be a public-interest nonprofit organization."
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(21:18)
The true owners of the Citizen Portal are the citizens.
Jung’s facebook
May 8, 2022(PT): Jung’s statement
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Tomorrow, I plan to visit Irvine to establish a U.S. nonprofit organization and open a donation account.
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"The Citizen Portal will be built through citizen support — and it will be owned by the citizens themselves.”
Telegram conversation between Jung and his manager
Aware of the risks of donating to a personal account, Korean-American community members asked what type of entity they were donating to. Manager Lee Hyuk-jin also questioned Jung, asking, “Are the donations currently being made to you personally?”
Jung responded that establishing a legal entity would take about 15 days. Although he initially claimed—on May 3 and 7 broadcasts—that he would create a nonprofit Citizen Portal, after consulting a lawyer on May 12, he added plans to also establish a for-profit corporation.
To ease concerns, Jung explained that the funds being collected in his personal account were jointly managed by accountants from Yeollin Gonggam TV in Korea and the U.S., using the organization’s credibility to justify personal collection.
May 19, 2022 : Jung’s response to a Korean-American’s question in the KakaoTalk group
Q : Without a legal entity for the Citizen Portal, it would be difficult to receive support from Korean-American donors in the U.S.
A : Jung responded that he was in the process of establishing a legal entity and that the nonprofit organization would be set up first.