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mimiirose delay comeback to July after CEO is reportedly scammed $6.2 million

AKP STAFF
Posted by Germaine-Jay Thursday, April 27, 2023

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.  

  1. mimiirose
27 18,790 Share 82% Upvoted
 
Hopkinz
Hopkinz5,468 pts Thursday, April 27, 2023 0
Thursday, April 27, 2023

To me it sounds like their CEO takes too many MAJOR risks that have been preventing mimiirose from succeeding.

16 (+20 / -4)
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MaeilKpop
MaeilKpop8,456 pts Thursday, April 27, 2023 9
Thursday, April 27, 2023
This guy sold the rights to his songs to create a girl group even though any Kpop fan knows that 99% of groups who are not from Big 4 will never be hugely successful. He doesn't seem to be very good at making financial decisions.
15 (+19 / -4)
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