Former Fantagio CEO Na Byung Joon is launching a new, independent entertainment label, officially pulling away from his previous company for good. 

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Back in January, Na Byung Joon resigned from the company as a whole when the largest shareholder of Fantagio, China's JC Group, dismissed him from the position of CEO. Fantagio is now led by JC Group's head Wei Jie.

Na Byung Joon stated, "STARDIUM is a new, independent, creative brand I've decided to start with people who have been with me for a long time through trust, in order to build a company that will be more respected within the entertainment industry. I currently feel both anticipation and the same feelings I first felt when I began business in this industry, including the hardships." 

The statement wrapped up by wishing everyone an energetic 2018. Best of luck to STARDIUM from here on.