mimiirose have delayed their comeback to July after their label CEO was reportedly scammed.
According to reports, the CEO of their label YESIM Entertainment and veteran singer Lim Chang Jung lost 8.4 billion won ($6,263,516.28 USD) to a market manipulation scam. He and his wife reportedly gave a brokerage firm their ID cards to invest, and the brokerage firm spent all their money in addition to 6 billion won ($4,473,939.30 USD) that wasn't allotted by the CEO.
YESIM Entertainment responded to the reports, stating, "Though we cannot give you an answer about the CEO's investments, mimiirose are continuing as a team. We're planning for their comeback in July. They've completed 70% of the preparation. As reported, we're facing hardship, but as an agency, we're looking for ways to get through it."
The label further stated their planned global audition that would award the winner 100 million won ($74,567.36 USD) is being delayed.
Stay tuned for updates on mimiirose.
SHARE
To me it sounds like their CEO takes too many MAJOR risks that have been preventing mimiirose from succeeding.