In recent developments, the management company of FIFTY FIFTY, ATTRAKT, finds itself in a precarious situation. With three out of four employees resigning in May, the company’s true state of affairs has come to light.
JobKorea indicates that ATTRAKT currently employs ten individuals; however, it has been revealed that all ten of these employees were recruited between May and June. Essentially, ATTRAKT exists only on paper and lacks any substantial operations.
Adding to the concerns surrounding ATTRAKT, it is worth noting that the company is registered under the business category of “Reproduction of recorded media” rather than “Popular culture planning,” which is the norm for artist management companies.
The forthcoming hearing on July 5th regarding the suspension of FIFTY FIFTY’s exclusive contract with ATTRAKT further highlights the company’s uncertain future.
The resignation of employees within a short period is undoubtedly a cause for concern. It raises questions about the stability and functionality of ATTRAKT as a management company. The fact that all ten employees were seemingly recruited within a few months also raises eyebrows.
The upcoming hearing regarding the suspension of FIFTY FIFTY’s exclusive contract will undoubtedly shed more light on the details of the dispute between the group and their management company.
