According to multiple music industry insiders May 20 KST, Konnect Entertainment, founded by singer Kang Daniel, is on the verge of closing its doors. All employees of the agency have been laid off or resigned, and the affiliated artists are also leaving the company to pursue their own paths.
The remaining shareholders of Konnect Entertainment have also decided to part ways with all the affiliated artists amidst legal disputes involving Kang Daniel.
Kang Daniel himself has only a short time left on his contract. After his contract expires next month, he plans to gracefully exit the company rather than continuing his activities as a solo artist under a one-man agency.
As a result, it appears that the agency will naturally proceed towards closure.
It is reported that around 20 employees of Konnect Entertainment have been laid off or resigned, and the company's corporate vehicle was disposed of some time ago.
It was also revealed that the agency's office in Sinsa-dong, Gangnam-gu, Seoul, was cleaned out earlier this year.
Kang Daniel founded Konnect Entertainment in June 2019 as his personal agency. Although it began as Kang Daniel's one-man agency, he later recruited artists such as Chancellor, former GFriend member Yuju, and the dance crew, WE DEM BOYZ, to work together.
SEE ALSO: Brand New Music releases official statement on the late As One member Lee Min's passing
SHARE
Poor guy, he works so damn hard, its a shame this happened.
1 more reply