SAVE HORI7ON! MLD Entertainment in crisis, how would they solve it?

mld entertainment
HORI7ON credit: MLD

MLD entertainment in Crisis!

The music agency called MLD Entertainment is experiencing a problem of overdue employee wages due to financial difficulties.

As a result of the report on Maeil Business Star Today on the 17th, it was confirmed that agency MLD delayed its employees’ wages due to financial difficulties. As a result, most of the employees left the company, and less than five people remained at the company.

Employees who left the company due to their salary were not settled even with their severance pay. They reported MLD agency to the Ministry of Labor and Employment, but reportedly received only some amount due to the lack of finance.

Founded in 2015, agency MLD has made its name known as the agency of girl group Momoland. Momoland gained popularity with addictive songs such as “BBoom BBoom,” “BAAM,” and “Yami Yami Love,” but officially ended its activities on Jan. 27 last year. In addition to Momoland, which was the main group, MLD Entertainment launched multiple idol groups such as TFN, JT&Marcus, Lapillus, and Horizon, but failed to produce significant results.

According to the music industry, Lee Hyung-jin, CEO of the agency, is staying in the Philippines to focus on Horizon Management. TFN (former name was T1419), which debuted in January 2021, went through the process of disbanding in February this year.

Previously, HORIZON has become an ambassador of JBL in Philippines, CLICK HERE.

mld entertainment
HORIZON with EXO Xiumin

Source Article – https://www.mk.co.kr/news/musics/11069374

Please follow and like us:

Leave a Comment