Insider reports reveal that South Korea boy band B.A.P. is not the only talent unit suffering due to financial problems under TS Entertainment.

A South Korean media outlet called Oh My Star has reported that aside from the six-member boy group B.A.P., other famous groups under TS Entertainment, their former managing company, has expressed their complaints about finances and lack of transparency regarding the same issue.

Like Us on Facebook

In the midst of the lawsuit that the group has filed, the media outlet explained that the group has already attended many functions and has also released albums, but they have allegedly not received any compensation for their efforts.

"Despite doing a considerable amount of activities including university festivals and more, they are currently receiving a monthly income of around 700,000 KRW and are helping out with composing and music production internally," Oh My Star said in their official statement.

Said group reportedly questioned problems regarding salary distribution within the group, but TS Entertainment allegedly curtails the issue by presenting the members with gifts.

Oh My Star also reported that another group only started receiving financial statements this year despite having debuted some time ago. In addition, this other group allegedly stated that there was never any sort of transparency on the part of the company for the past eight years that they have worked.

Another insider source also revealed that since there is a separate team that handles the finances, they might hold the solutions to the problems that have been arising within the company. The same source also shared that it is true that there has never been transparency when it came to the contract period and other issues.

"There have been a lot of complaints among the agency artists that their financial statements were not properly shown," the source says.

Speculations say that the media outlet was referring to the groups Untouchable and SECRET, but whether they are the groups in question, insiders claimed that the issue at hand commonly happens among the artists under the agency.

On the one hand, TS Entertainment has released an official statement to dismiss the claims saying that the first group has not yet attended many events. Representatives have also stated that although they have presented gifts to their artists, it had nothing to do with income distribution.

TagsB.A.P., TS Entertainment