Jump to content
OneHallyu Will Be Closing End Of 2023 ×
OneHallyu

Yedang Company Set to be Delisted

mistakesweremade

By mistakesweremade
in Celebrity News & Gossip

Recommended Posts

mistakesweremade Star

mistakesweremade

293
Posted
Posted

 


Yedang Company Set to be Delisted Posted on 2013/09/06 by Lee Hye Ji in K-POP with 0 Comments
 

 

2013090619472724962-615x615.jpg

From left, girl Group RANIA members T-ae, Jooyi, Saem, Xia and Di. [Yedang Entertainment]

2013090619455710871-615x336.jpg

From left, boy band C-Clown members Siwoo, Maru, Rome, Ray, Kangjun and T.K. [Yedang Entertainment]

 

 

Yedang Company, the mother company of Yedang Entertainment which is home to idol groups RANIA and C-CLOWN, is stepping out from Korea’s stock market after 12 years of trading.

Korea Exchange, Korea’s national stock exchange market, publicly announced last week that Yedang Company is appropriate for being delisted, with the delisting date set to September 9, after synthetically considering the firm’s sustainability and clarity.

The arranging trading started last Friday and is set to be expired on next Monday. After decreasing sharply to 86 Korean won (approximately 8 U.S. Cents) from the previous day’s 553 won on starting day, the company’s stock stood at 28 won (approx 3 Cents) as of Friday.

The downturn began when the firm’s founder and former chairman Byeon Doo-seob deceased early June. He led the heydays of the company after founding it in 1982, managing the ’90s electronica syndromes Lee Jung-hyun and the early days of PSY.

He expanded his boundaries to drama and game production in the 2000s when the music market faced a recession, signing a management deal with top stars Choi Ji-woo, Kim Ha-neul and the late Jang Jin-young. He also got the company listed on the KOSDAQ in 2001.

However, the late president’s younger brother Byeon Cha-sub, who took over control of the company, was reported to have been issued a preliminary arrest warrant for hiding his brother’s death and selling out borrowed-name stocks and embezzling some ten billion Won from Yedang Company in early August.

The firm tried its last shot by issuing new stocks from a third company but it eventually failed as the third firm didn’t pay the casting last week. The firm applied for an injunction to the delisting decision right away but it was not accepted as well.

Meanwhile, an official with Yedang Company assured that the company’s failed performance would have little effect on its subsidiary company.

“There is the possibility of change in Yedang Entertainment. But it is not the entertainment sector’s fault (so it won’t be affected big). Ali and C-CLOWN are working actively with their overseas concerts and more.â€

At the moment, Yedang is in charge of singers Yim Jae-beum, Jo Kwan-woo, Ali, Kim Hye-ri, musical actor Cha Ji-yeon, rock band Guckkasten as well as RANIA and  C-CLOWN.

Reporter. Lee Hye-ji [email protected]
Editor. Jessica Kim

Courtesy of Yedang Entertainment

<â“’ Korea Entertainment Media Co., LTD. (www.tenasia.com) All rights reserved.>

http://www.tenasia.com/archives/72406

  •  
  •  
  •  

 

Link to comment
Share on other sites
dmn Global Superstar

dmn

2,622
Posted
Posted

 

The downturn began when the firm’s founder and former chairman Byeon Doo-seob deceased early June. He led the heydays of the company after founding it in 1982, managing the ’90s electronica syndromes Lee Jung-hyun and the early days of PSY.

He expanded his boundaries to drama and game production in the 2000s when the music market faced a recession, signing a management deal with top stars Choi Ji-woo, Kim Ha-neul and the late Jang Jin-young. He also got the company listed on the KOSDAQ in 2001.

 

  

 

i for a moment thought that they were bankrupted or something and my first thought was "fuck what about their artists"

  

 

Their company doesn't meet the requirements to be on the stock exchange 

 

Financially they probably arent doing well but the company lives~

The downfall didn't start when the founder/chairman killed himself.

The founder/chairmand obviously killed himself because of how bankrupt his company was.

They failed completely to deal with how the music market in Korea died and the company has been racking up over $100 million USD in losses over the past ~10 years. They were completely fucked financially and I have no idea how they've been able to continue operations over the last years.

Link to comment
Share on other sites
Candykiss Superstar

Candykiss

2,124
Posted
Posted

  

  

 

The downfall didn't start when the founder/chairman killed himself.

The founder/chairmand obviously killed himself because of how bankrupt his company was.

They failed completely to deal with how the music market in Korea died and the company has been racking up over $100 million USD in losses over the past ~10 years. They were completely fucked financially and I have no idea how they've been able to continue operations over the last years.

I never said the downfall started when the CEO committed suicide

I just said financially they aren't doing well 

Yeah I wonder how they are able to continue operations if they are at such a deficit

Borrowing loans?? 

Link to comment
Share on other sites
Ethnic Pop Global Superstar

Ethnic Pop

3,166
Posted
Posted

Rania is under Yedang, idk why I thought they were under DR like Baby VOX and Re V, guess I was wrong.

I never realized how much of a variety Yedang has in the acts signed under them, wow.

They are under DR too.

 

YG should take RaNia and put Jennie Kim as a Rapper..

Fuck no.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

 Accept Cookies  Reject Cookies
Back to Top