Fourth Generation Girl Group TRI.BE’s Future in Question After Management Agency Declares Bankruptcy

The way forward for fourth-generation Okay-pop woman group TRI.BE is now unsure after its administration company, TR Leisure, declared chapter on March 13.The Seoul Chapter Court docket’s Rehabilitation Division 16 issued a abstract chapter ruling, which is granted when a debtor’s property are valued at lower than 500 million KRW (roughly 344,950 USD). The corporate was established in June 2020 and was overseen primarily by its founder and famend Okay-pop producer, Shinsadong Tiger, in February 2024.TR Leisure collaborated with Common Music Group to debut TRI.BE in February 2021 as a seven-member group. The group launched mini-albums VENI VEDI VICI and W.A.Y.in addition to, single albums TRI.BE Da Loca, CONMIGO, and DIAMOND over three years. Nevertheless, their actions stopped after Tiger handed away in February 2024, simply days after Diamond was launched.You will need to notice that the corporate had already been struggling monetary points even earlier than Tiger’s loss of life. In 2017, TR Leisure filed for company rehabilitation resulting from money owed totaling roughly 1.7 billion KRW. The courtroom permitted a restructuring plan requiring him to repay 70% of the debt over ten years.The chapter now raises issues about TRI’s future.BE and different artists, together with EXID’s Elly and singer Yoo Sung Eun, are beneath the company. Followers have expressed hope that the group shall be picked up by one other firm, permitting them to proceed their careers.”I hope TRI.BE can go to [another] firm with their title and even with [a] new title. They’ve such a possible,” one on-line person wrote.”This does make me unhappy as a result of this group deserves a lot love and a lot reward for lots of their discography, them as a gaggle, and the members individually themselves. I hope that somebody is ready to choose them up and so they can proceed with their group,” one other remark learn.As of Wednesday, no official announcement relating to the following steps for TRI.BE or the opposite artists has been made.