Attrakt CEO Oscar Jun announced that his agency Attrakt will air an audition program to debut a new girl group within the first half of 2024. Details of the audition program are yet to be disclosed, including when the show will air or the number of members they’d be recruiting through the show.
In a press release, the CEO said he felt a strong commitment to making new content for the investors who believed in the company, every staff working hard on the scene, and the company’s future.
Before the court ruling was released, Attrakt signed a deal with Singaporean investment company Evergreen Group Holdings, which promised to draw in a 10 billion KRW or $7.57 million investment for Attrakt before the end of September.
Attrakt’s press release stated having made the investment agreement before the court’s decision meant that the investor valued the CEO’s capabilities rather than Fifty Fifty, the band that wants to be released from the agency.
This news comes a week after the Seoul Court dismissed Fifty Fifty’s plea to have its exclusive contract with the agency nullified on August 28. The group filed an injunction on its contracts, claiming the company treated the members unfairly.
The court found that although Attrakt failed to notify the members of data related to income distribution, it was not enough to break the exclusive contract between the two parties. The court also found that the agency did not neglect the members’ health or force them to perform despite poor health conditions.
Source: Korea JoongAng Daily