Fantagio has released a response after the label's CEO was arrested in China for fraud.

In 2017, Chinese investment group JC Group let go of Fantagio's co-CEO Na Byung Jun, and Wei Jie became the agency's sole CEO. On April 29, Chinese media outlets reported Wei Jie and over 30 high-ranking officials were arrested due to allegations of JC Group illegally obtaining funds through a public-private partnership, which was intended by Chinese provincial governments to modernize the countryside. JC Group is said to have eased the process with local governments to develop local economies by building special villages across the country. 

However, the public security bureau has now arrested Wei Jie and more than 30 others, and JC Group has been suspended and bankrupted. If found guilty of financial fraud, they may receive a maximum sentence of life imprisonment.

Fans of Weki Meki, Seo Kang Joon, ASTRO, and more are concerned with Fantagio's state as a label, but the agency has stated the Korean branch of JC Group is separate from the Chinese branch. Stay tuned for updates.