They were in their 6th year as a group here and had no idea what the future would look like. Someone go back in time and tell them that everything will be ok bcs they will reach their 18th year tgt, accomplish so many things and still be making music ❤️🩹
It's not only the artists, a lot of people behind the scenes have been affected too:
1. A performance and production company that invested over 20 billion won and later filed a fraud complaint.
2. A video director who worked on self produced content didn't get paid around 34 million won. He said he struggled with family, office, and staff expenses, and even sold filming equipment to repay loans.
3. An music video production company didn't get paid around 68 million won, affecting about 50-60 staff members.
4. A stage costume laundry didn't get paid over 10 million won.
5. A dorm cleaning staff member didn't get paid over 10 million won.
6. Album printing companies that lost tens of billions of won.
7. A security company that worked security for the artists and the chairman's home didn't get paid around 87 million won.
8. Many of other vendors, freelancers, and staff were also affected.
In short, Cha Ga-won and MC Mong targeted big-name artists who were already struggling with their previous agencies and desperately looking for help. They used these artists' IP to secure massive B of funding from various third parties, routing that money straight into Cha’s+