Girl group T-ara has signed a contract worth 5 billion KRW (approx. 5 million USD) with Chinese entertainment company Longzhen Cultural Development.
Core Contents Media revealed on September 26 that the contract signing ceremony took place on September 5 in Seoul. In addition to representatives of both agencies, the members of T-ara were present at the ceremony.
Longzhen Cultural Development is known for working with major Chinese stars Andy Lau, Jacky Cheung, and A-mei, among others. T-ara is the first Korean girl group to sign a deal with a major Chinese agency, and the company has expressed their high expectations for the group. The annual revenue is estimated to be up to 16.5 billion KRW (approx. 16.5 million USD).
T-ara’s official entrance to the Chinese market will take place on October 13, when a second contract signing session and a press conference are held at the Shinsegae Hotel in Beijing. Starting from October, the members will pursue activities on TV, hold concerts, and shoot commercials in China.