maaaaango (mangomuffins) wrote in omonatheydidnt,
maaaaango
mangomuffins
omonatheydidnt

WHY DID 4MINUTE BREAK UP? THE TRUTH IS OUT



Korean and international fans have been wondering for more than a month now: why did 4minute break up? A new report shines NEW light on the mystery of this decade



The report is summarized as follows:

  • Cube is currently going through an internal power struggle between president of the company, Hong Seung Sung and the current CEO, Park Chung Min.

  • Hong stepped down as CEO around 2012/2013 because of ALS but he still oversees many operations of the company

  • Cube has been underperforming severely and their operating income last year ($8 billion won) was about half of the year before

  • Hyunseung leaving B2ST, CLC flopping, and dumping money into Pentagon all made Cube lose money

  • Major decisions are made as a group by the Board of Directors, which both Hong and Park are a part of,

  • The board had made a decision to renew 4minute's contracts this year

  • However, Hong singlehandedly delayed the renewals and pushed for the disbandment

  • As a result of this decision, the power struggle came at a head, and shareholders were looking for someone to blame for 4minute's break up

  • Park used 4minute's disbandment as a reason to reconstruct the company and fire many employees who were loyal to Hong, thus consolidating his power

  • IHQ (the current major shareholder of Cube) tends to sit on the sidelines and has not interfered with this power feud and presumptively, 4minutegate

tldr; 4minute was apparently broken up by their president Hong Seung Sung against the wishes of his board of directors.


This is scandalous because Cube fans have always put @hongcube on a pedestal, viewing him as some type of father figure and saying that he puts his "kids" first always. And now he allegedly singlehandedly broke up his founding group.

Is @hongcube a bigger snake or is Taylor Swift? Discuss below



source: Naver / translated by ME
Tags: 4minute, clc, cube entertainment, highlight
Subscribe

Recent Posts from This Community

  • Post a new comment

    Error

    Comments allowed for members only

    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

  • 37 comments
Previous
← Ctrl ← Alt
Next
Ctrl → Alt →
Previous
← Ctrl ← Alt
Next
Ctrl → Alt →

Recent Posts from This Community