MLD Entertainment, which produced the group MOMOLAND, is experiencing financial difficulties.
MLD Entertainment said on July 17, “It is true that COVID-19 has caused financial difficulties and salary delays,” adding, “However, we are currently working to normalize our management and we are also paying unpaid severance benefits sequentially.“
Earlier today, a media outlet reported that MLD Entertainment had delayed paying its employees’ salaries due to financial difficulties and that most of its employees had left the company, with the agency running with fewer than five employees remaining .
Employees who left the company did not receive severance pay due to salary arrears and reported to the Labor Bureau, but only received a certain amount.
MOMOLAND, produced by MLD Entertainment, became a hit with its title track “Bboom Bboom“, but officially ended its promotions in January last year. Currently, the agency includes the LAPILLUS and HORI7ON groups.
Journalist: Shawn
Translator: Shawn
Source: SNS MLD Entertainment
