According to an exclusive media outlet report by Sports World on September 28, entertainment agency Block Berry Creative, home to girl group LOONA, is currently facing a severe financial crisis.
According to several insiders, Block Berry Creative has failed to pay its due wages and payments to numerous external companies and outside employees who were previously hired to work with LOONA. The agency's failure to provide wages and payments persisted for months, before these outside employees were ultimately ordered to "halt all work".
Block Berry Creative is reportedly facing as much as several 100 million KRW (approximately 85,000~760,000 USD) in unpaid wages as well as employee taxes, insurance, and other owed expenses.
The agency has issued statements assuring that it is doing all it can to pay all unpaid amounts; however, insiders claim that it will be difficult for the company to resolve the issues in the near future.
Currently, the financial crisis will also likely affect LOONA's potential promotions. Stay tuned for updates.
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Frankly Block Berry spend too much for 12 solo debut before Loona debut, not counting Odd Eyed Circle, yyxy etc sub units.. the cost of the MV filming which involves going overseas for some members, plus album and such.. spent so much on the group and delayed their debut by more than 1 year.
the idea was initially good, 1 member reveal per month. but its too costly that only big agencies like SM can attempt it like with NCT..
They need to find someone rich to invest in the agency or sadly they will need to either downsize Loona or disband the whole group.
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