In a shocking turn of events, KONNECT Entertainment, the agency founded by popular K-pop artist Kang Daniel, is teetering on the brink of closure. Reports have surfaced indicating that all of the company’s artists are either in the process of leaving or have already parted ways with the agency. This includes Kang Daniel himself, who formed KONNECT Entertainment in June 2019 and also held the position of CEO and artist within the company.

KONNECT Entertainment Faces Uncertain Future as Artists Depart

The departure of artists from KONNECT Entertainment has been revealed through an exclusive report by Star News. GFriend member Yuju, who became part of the agency in September 2021, is said to have concluded her association with the agency in mid-April. Additionally, the dance team WE DEM BOYZ, which inked a deal with the agency in November 2022, made the decision to terminate their contract just a year later, expressing their intent to part ways in November 2023. Furthermore, singer and producer Chancellor has also reportedly bid adieu to the company.

The turmoil within KONNECT Entertainment escalates further as it is disclosed that the majority owner of the agency, holding a substantial 70% stake, is embroiled in a legal battle with Kang Daniel. The lawsuit alleges the individual of engaging in the falsification of documents, embezzlement of funds from the company, and other serious charges. As a result, Kang Daniel is anticipated to let go of his ties with KONNECT Entertainment upon the expiration of his contract in early June, in addition to relinquishing his role as CEO.

Is Kang Daniel’s Agency Closing Down?

With the departure of all its artists and the impending exit of its founder and CEO, KONNECT Entertainment is poised to cease its operations. The company’s workforce has dwindled to around 20 employees, and reports indicate that the agency’s premises in the Sinsa neighborhood of Gangnam have been vacated.

This development has sent shockwaves through the music industry and has left fans and industry insiders speculating about the future of KONNECT Entertainment. The departure of Kang Daniel and the other artists from the agency raises questions about their next career moves and the impact of these significant changes on the K-pop landscape.

As the situation continues to unfold, many are closely watching for further developments and hoping for a resolution that ensures the well-being of the artists and staff associated with KONNECT Entertainment. The future of the agency and its artists also remains uncertain, and the K-pop community eagerly awaits clarity on how this unprecedented turn of events will shape the industry.