Kai Ko Possibly Facing Endorsement Contract Dissolution
Cleo Fagela | | Aug 22, 2014 04:21 AM EDT |
After being involved in a drug scandal along with Jackie Chan's son Jaycee Chan, Taiwanese actor Kai Ko is currently serving a 14-day detention in Beijing China and is also possibly facing contract termination and dissolution of endorsements.
Kai Ko is in hot water after being caught in a drug scandal and is speculated to lose millions of dollars of endorsement fees due to advertisers' concerns that the actor's reputation has been damaged.
Like Us on Facebook
The 23-year old actor is currently the face of 11 brands ranging from known names such as KFC to Adidas. The actor is said to be making around $4.1 million from endorsing products alone every year.
According to Chinese media reports, the advertising companies are wishing for the termination of his contracts which would result to at least $1.23 million worth of losses on the part of Kai Ko.
Kai Ko still has three movies up for release including 'Tiny Times', 'A Choo' and 'Monster Hunt'. The second movie is up for release in October, however, there are also rumors that the screening will be postponed because of his case.
Furthermore, the actor has halted his studies from the Chinese Culture University in his homeland after becoming an actor so he could focus on his work. Other reports say that he is planning to enter military to keep a low profile for a while before coming back into the show business.
On the other hand, Jaycee Chan is being criticized by the public for being older than Kai Ko and leading him into such trouble. It was said that the two artists have hit off as friends three years ago and have been spotted partying together since then.
Additional reports say that Kai Ko's involvement with Jaycee Chan and their partying habits have angered his ex-girlfriend Elva Hsiao whom he broke up just months ago. Kai Ko deeds with Jaycee Chan was said to have been the cause of fights between him and the singer.
Still, Elva Hsiao has previously made public her support for her former boyfriend through a Weibo post.
On the other hand, Kai Ko's father claimed that he does not blame anybody else for his son's mistakes.
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?