On December 12, a company called MBK (mentioned below), was revealed to be suspending their entertainment business operations for the future. However, Korean media sources mistook the company for MBK Entertainment, which houses artists such as T-ara and DIA. In response to these reports, an MBK Entertainment representative replied, “They are not related to us. MBK and MBK Entertainment are two different companies.”
MBK, a company that is listed in KOSDAQ (Korea Securities Dealers Automated Quotations), has officially decided to suspend their entertainment sector.
The company announced their decision on December 12. From the first quarter to their third quarter, the entertainment field of the company made 2.7 million won (approximately $2.3 million), which made up about 23 percent of their overall sales of 12.1 million won (approximately $10 million).
*A previous version of this article incorrectly stated that MBK was related to MBK Entertainment.