MLD Entertainment is currently in a financial crisis, unable to pay its employees.
According to an exclusive report from Maeil Kyungje, MLD Entertainment has been unable to pay their employees’ wages due to financial difficulties. Due to this, the majority of the company’s employees have resigned, and there are currently less than five people employed by the company. The employees who have left the company have also not received their mandatory severance payments. When a group of employees reported MLD Entertainment to the Ministry of Labor, they received a portion of their owed severance, but not all of it.
MLD Entertainment broke into the K-Pop scene when they debuted MOMOLAND. Since then, they have debuted TFN, Lapillus, and HORI7ON, but none of them have produced significant results for the company.
It has been reported that MLD Entertainment’s CEO Lee Hyeong Jin is currently staying in the Philippines to focus on HORI7ON’s activities. MLD Entertainment has not responded to Maeil Kyungje’s report.
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