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Aspiring K-pop idols, known as "trainees," sign contracts with management agencies when the trainee is as young as 12 or 13 years old. [3] It may take ten years for an agency to groom the trainee and for them to debut on stage, according to the former head of the Korea Entertainment Law Society. [2]
Hello Venus disbanded in May 2019, after their contract expired. In 2014, in order to improve their stock market status, Fantagio merged with Edu Company, a KOSDAQ listed company. Although Edu Company was the surviving company in the merger, the name was quickly changed back to Fantagio, with Na Byeong-jun becoming the CEO once again.
SM Rookies (Korean: 에스엠루키즈, stylized in all caps as SMROOKIES) is a pre-debut training team created by South Korean entertainment agency SM Entertainment in 2013, composed of trainees who have yet to join an idol group. [1]
Open-ended employment contracts are also called permanent, indefinite, or continuing contracts as they are typically used for long-term employment situations (University of Strathclyde, 2013). This type of employment contract may be terminated if either party gives appropriate notice to the other party or in specific instances such as health ...
SM Entertainment Co., Ltd. (Korean: SM엔터테인먼트) is a South Korean multinational entertainment agency established in 1995 by Lee Soo-man.It is one of South Korea's largest entertainment companies and has been responsible for fostering and popularizing the careers of many K-pop stars garnering huge global fanbases.
In addition, he popularized the trainee business model from the Japanese idol industry that was founded by Johnny Kitagawa; [6] [7] Hundreds of candidates each day attend the global auditions held by Korean entertainment agencies to perform for the chance of becoming a trainee. This was part of a concept labeled cultural technology.
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