MLD Entertainment, the agency behind the once-popular girl group Momoland, is dealing with major financial issues. These problems have led to significant unpaid wages for their employees. According to Maeil Business Newspaper’s Star Today, the company has repeatedly missed payroll deadlines, causing most staff members to resign. Now, fewer than five employees are still with the company.
Those who left due to unpaid wages haven’t received their severance pay either. Complaints filed with the Labor Office have resulted in only partial compensation.
MLD Entertainment over the years
MLD Entertainment, established in 2015, gained fame with Momoland’s hits like “Bboom Bboom,” “BAAM,” and “Yummy Yummy Love.” Unfortunately, Momoland disbanded on January 27, 2023. Besides Momoland, the company launched groups such as T1419 (rebranded as TFN), Lapillus, and Horizon. However, none have reached significant success. CEO Lee Hyung-jin is currently focusing on managing the Filipino group Horizon, which is based in the Philippines. TFN, which debuted in January 2021, started disbanding in February this year.
Last year, singer Gil joined the company as a producer and artist but has remained inactive. He was recently involved in a controversy related to singer Kim Ho-joong’s DUI incident in May. MLD clarified that Gil was only a witness and not involved in any wrongdoing. Veteran singer Lee Seung-chul also joined MLD Entertainment in 2022.
The financial instability and management problems at MLD Entertainment highlight the challenges the company faces. This situation raises serious concerns about its future operations and overall stability. Immediate intervention is necessary to resolve financial issues and protect the remaining employees’ welfare.
Despite these challenges, MLD Entertainment has introduced a new group, NewID. This group will bring fresh energy to the company, offering hope for a turnaround. Fans are eager to see if NewID can revive MLD’s reputation with their promising talent. Their debut is highly anticipated and may mark a new chapter for MLD Entertainment.
