HYBE denies rumor’s of acquisition and merger with trot singer Lim Young Woong‘s agency, Mulgogi Music.
On September 3, a representative of HYBE’s side stated, “It is not true” about the rumors of a merger with Lim Young Woong ‘s agency, Mulgogi Music.
Earlier on the same day, a media reported that the merger and acquisition movement of Lim Young Woong’s agency Mulgogi Music and BTS’ agency HYBE had been caught, but both HYBE and Lim Young-woong denied this.
Lim Young-woong appeared on TV Chosun’s ‘Mr. Trot’ last year and took first place, receiving a lot of love. He developed activities with New Era Project, a TV Chosun consignment management.
Lim Young Woong’s contract with New Era Project expires on the 12th, and he will return to his original agency, Mulgogi Music, to resume his activities.
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