Categories
KPOP NEWS LATEST STORIES

FIFTY FIFTY Claims Agency Used Girl Group To Settle Major Debts

FIFTY FIFTY is not backing down from their conflict with ATTRAKT. The girl group shared new claims about their agency in a social media post. This time, the idols are claiming that the label used their success to settle major debts with a different company.

FIFTY FIFTY Drops New Bombshell Amidst ATTRAKT Legal Dispute

Since their legal dispute with ATTRAKT, FIFTY FIFTY has opened an Instagram account to share their side of the story. Although they have not posted anything for some time, their latest update is a true shocker. In the post, the girl group shared new claims about their agency.

“The agency should stop taking baseless accusations,” their statement read. “Did the agency consider the girl group as a means to earn money for resolving debts?”

It further read, “The CEO of the agency, J, approached the CEO of an outsourcing company, A, to align their claims by investing 5 billion KRW (3.7 million USD) in advance payment debt, which his other S agency owed, into the girl group FIFTY FIFTY.”

They wrote, “The agency charged the members 3 billion KRW in costs on the settlement statement, but they haven’t provided any detailed information about the operating costs of 3.3 billion KRW and the deposit of 1.7 billion KRW up to October.”

“Do not insult the members with unsubstantiated tampering (contact before the exclusive contract expires),” the statement continues. FIFTY FIFTY also had a warning for CEO Jun Hong Joon.

“Now, reveal everything about FIFTY FIFTY truthfully, last as it may be,” they wrote. “We will disclose everything we have suffered under surveillance and control, damaging our health. We will reveal the truth behind the good stories told about CEO Jun.”

FIFTY FIFTY previously lost the legal battle to break out of their exclusive contracts with their label. On August 28, a judge decided to reject an injunction aimed at suspending FIFTY FIFTY’s exclusive contracts with ATTRAKT. This decision was prompted by reports stating that FIFTY FIFTY had declined to engage in mediation court proceedings.

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version