RBW dismisses WM Entertainment founder Lee Won-min

    B1A4·오마이걸 아버지 떠났다..RBW, WM 이원민 대표 해임 | 스타뉴스
    WM엔터테인먼트 이원민 대표가 17년 만에 자리에서 물러났다. 12일 가요계에 따르면 WM엔터테인먼트의 모회사 RBW는 지난달 초 이원민 대표를 해임했다. RBW는 WM엔터의 지분 80% 이상을 보유한 최대주주로,
    www.starnewskorea.com


    WM Entertainment CEO Lee Won-min has stepped down after 17 years.


    According to the music industry on the 12th, RBW, the parent company of WM Entertainment, dismissed CEO Lee Won-min early last month. RBW is the largest shareholder with more than 80% of WM Entertainment's shares, and this move is said to have been taken due to the company's management difficulties and deteriorating profitability.

    However, due to his sudden dismissal, even key executives and employees left the company one after another, and it is said that there was a lot of turmoil inside.

    After Lee's dismissal, RBW co-CEO Kim Jin-woo was appointed as his successor. It is reported that WM Entertainment is currently being reorganized around a management team that reflects RBW's opinions.


    Chaeyeon leaving and now RBW fires WM founder, looks like WM is getting a makeover.

  • AllKill VIP

    Knowing how much he cared about Oh My Girl this seems like a bummer. Good that they've debuted USPEER, at least girls could debut. Can imagine scenario when trainees are forced to leave during time when all executives and workers leave offices.

  • AllKill VIP
    Quote from Popper-of-Ks

    Well he DID mismanage their careers to the point that all their most popular members ended up leaving him. I don't think it even matters who is managing the remaining members at this point sadly.

    Depends how you look at things

    Arin and Yooa left agency after 10 years

    that's a lot of time


    And members were allowed to do whatever they want from own youtube, variety shows, through acting.


    That said I think the three years after first renewal made members notice they're popularity is declining so some decided to find a way out of it.

    They were maybe allowed to do what they wanted, but he also allowed their momentum to come to a screeching halt and then tail spin. I don't think they even fully realized what was happening when they renewed the first time. I still have no idea why anyone renewed a second time, especially if they knew they all weren't.

  • AllKill VIP
    Quote from Popper-of-Ks

    They were maybe allowed to do what they wanted, but he also allowed their momentum to come to a screeching halt and then tail spin. I don't think they even fully realized what was happening when they renewed the first time. I still have no idea why anyone renewed a second time, especially if they knew they all weren't.

    you need to look at it differently

    their first renewal was in 2022

    and 2020-2021 were they best years in terms of making money and it probably seemed for members that their popularity was still rising


    in 2022 Arin got role in Alchemy of Souls, and Mimi got her spot in Earth Arcade

    in late 2022 YooA released her 2nd Mini Album


    but the second renewal is for sure questionable

    but then you can look from members perspective


    Mimi - own youtube channel, variety show gigs

    Hyojung - radio show, travel show, tv programs guessing

    Yubin - regular tv program role, possibility of acting

    Seunghee - acting,


    so basically Seunghee is kind of a wildcard here, but maybe she stayed because she thought that if she change agency there won't be a way for her to maintain schedules to be able to at least from time to time perform on stage

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