Asian Junkie Asian pop. Without discretion.
TR Entertainment, whose production was led by the late producer Shinsadong Tiger, filed for bankruptcy due to their financial issues. After the producer’s passing, partnerships were lost and revenue plummeted.
According to legal sources on March 18, the Seoul Bankruptcy Court issued a summary bankruptcy ruling for TR Entertainment. A summary bankruptcy is granted when a debtor’s assets total less than 500 million won at the time of the ruling.
The primary reason for the bankruptcy was financial hardship. Following Shinsadong Tiger’s passing last year, TR Entertainment faced a sharp decline in revenue and a loss of important investors, ultimately leading to its downfall.
Artists under them are girl group TRI.BE, EXID‘s LE, and singer/anthropomorphic bunny U Sung Eun. While the latter two can probably do their own thing, I’m not sure where an idol group goes from here. Unsurprisingly they haven’t had a comeback since February of last year with Diamond, which is around the time Shinsadong Tiger passed.
