KONNECT Entertainment Faces Imminent Shutdown Amidst Artist Exodus and Legal Troubles

KONNECT Entertainment, the company founded by popular artist Kang Daniel, is on the verge of shutting down as all its artists have either left or are planning to leave the agency. This development comes amidst ongoing legal disputes involving the company's majority owner.

According to an exclusive report from Star News, several high-profile departures have already occurred. Yuju, who signed with KONNECT Entertainment in September 2021, reportedly ended her contract with the company in mid-April. Dance team WE DEM BOYZ, who joined in November 2022, announced their intention to terminate their contract in November 2023 and have since left. Additionally, singer and producer Chancellor has also exited the company.

Kang Daniel, who founded KONNECT Entertainment in June 2019 and has been serving as its CEO and artist, is embroiled in a legal battle with the company's majority owner, who holds a 70% stake. Kang Daniel is suing this individual for falsifying documents and embezzling company funds. These legal issues have further complicated the company's operations and stability.

In light of these challenges, Kang Daniel is expected to end his contract with KONNECT Entertainment once it expires in early June. He will also step down from his role as CEO. This mass exodus of artists and the departure of its founder will lead to the inevitable closure of KONNECT Entertainment.

The company, which once boasted a promising roster of artists, now faces a bleak future with only around 20 employees remaining. The company’s building in the Sinsa neighborhood of Gangnam has already been vacated, signaling the end of an era for KONNECT Entertainment.

The K-pop industry is closely watching these developments, as fans and industry insiders alike await further details on the future endeavors of Kang Daniel and other former KONNECT artists.