According to 'Ilgan Sports', the agency has already established a corporation under the name MBK Entertainment and plans to close Core Contents Media. Accordingly, T-ara, Son Ho Joon, Kim Gyu Ri, Ha Suk Jin, SPEED, and other stars under Core Contents Media will be moved over to MBK Entertainment's roster.
Even when T-ara signed with Chinese entertainment company Longzhen Culture Development, Core Contents Media was reported to have used the name MBK Entertainment. This news comes not too long after the investigation of Core Contents Media CEO Kim Kwang Soo for misappropriation of funds so it seems the agency plans to start anew under a new name, if the reports are true.
A Core Contents Media rep confirmed the relaunch to 'OSEN' on the 1st stating, "Starting with T-ara's advancement into China, we are pushing ahead with our global marketing. We plan to focus on our global business... We are also considering the recruitment of new artists."
Another rep told 'TVReport', "We were actually going to announce it after we finished up internal negotiations, but it has become known already. We recently decided on the plan to change the company name. It'll change from Core Contents Media to MBK Entertainment."