BAEKHYUN's instagram
In a candid revelation that sent ripples through the K-pop community, Baekhyun, a prominent member of the iconic boy band EXO, confirmed on Tuesday that he had procured a substantial loan amounting to 13 billion won (approximately $9.9 million) to fuel his aspirations of establishing his own music company. Addressing swirling rumors during an Instagram live session, Baekhyun shed light on the true nature of his recent financial move.
The loan, obtained under the auspices of a newly-founded entertainment venture named One Signature, where Baekhyun holds a board position, stirred intrigue when an online post claimed the artist had borrowed the substantial sum. This development raised eyebrows, as the loan was secured using a lavish penthouse in Seoul's central Hannam-dong district as collateral.
Clarifying the matter, Baekhyun emphasized that the loan was more than a financial transaction; it was a commitment to himself and his dreams. The K-pop star expressed his intentions of establishing his own company, a decision fueled by a desire to explore the role of a producer and create a pathway to channel his creative visions.
While the penthouse's collateral raised questions, Baekhyun disclosed that the property belonged to a family friend named Cha, a construction company owner and board member at Big Planet Made, an entertainment company. Notably, MC Mong, a producer associated with EXO's past controversies, was previously a director at Big Planet Made. Baekhyun sought to quash any misconceptions, affirming that the relationship was rooted in shared guidance and support during a period of personal and professional growth.
Emphasizing his commitment to EXO and his current agency, SM Entertainment, Baekhyun revealed plans to establish his independent company, signaling an exciting new chapter. Reflecting on the recent legal dispute with SM Entertainment and his bandmates Xiumin and Chen, Baekhyun expressed a newfound resolve to explore his passion for production. This aspiration culminated in the creation of One Signature, with SM Entertainment also offering favorable feedback on Baekhyun's ambitions.
Baekhyun, who embarked on his musical journey as part of EXO in 2012, catapulted into solo stardom in 2019 with "City Lights." As his multifaceted career continues to evolve, Baekhyun's entrepreneurial venture not only reflects his personal growth but also underscores the dynamic nature of K-pop's top talents, who seek to extend their influence beyond the stage and into the realm of creative leadership.
Sayart.net
Kelly.K, pittou8181@gmail.com
K-pop Star Addresses Speculation Surrounding Loan, Clarifying Motives and Goals
BAEKHYUN's instagram
In a candid revelation that sent ripples through the K-pop community, Baekhyun, a prominent member of the iconic boy band EXO, confirmed on Tuesday that he had procured a substantial loan amounting to 13 billion won (approximately $9.9 million) to fuel his aspirations of establishing his own music company. Addressing swirling rumors during an Instagram live session, Baekhyun shed light on the true nature of his recent financial move.
The loan, obtained under the auspices of a newly-founded entertainment venture named One Signature, where Baekhyun holds a board position, stirred intrigue when an online post claimed the artist had borrowed the substantial sum. This development raised eyebrows, as the loan was secured using a lavish penthouse in Seoul's central Hannam-dong district as collateral.
Clarifying the matter, Baekhyun emphasized that the loan was more than a financial transaction; it was a commitment to himself and his dreams. The K-pop star expressed his intentions of establishing his own company, a decision fueled by a desire to explore the role of a producer and create a pathway to channel his creative visions.
While the penthouse's collateral raised questions, Baekhyun disclosed that the property belonged to a family friend named Cha, a construction company owner and board member at Big Planet Made, an entertainment company. Notably, MC Mong, a producer associated with EXO's past controversies, was previously a director at Big Planet Made. Baekhyun sought to quash any misconceptions, affirming that the relationship was rooted in shared guidance and support during a period of personal and professional growth.
Emphasizing his commitment to EXO and his current agency, SM Entertainment, Baekhyun revealed plans to establish his independent company, signaling an exciting new chapter. Reflecting on the recent legal dispute with SM Entertainment and his bandmates Xiumin and Chen, Baekhyun expressed a newfound resolve to explore his passion for production. This aspiration culminated in the creation of One Signature, with SM Entertainment also offering favorable feedback on Baekhyun's ambitions.
Baekhyun, who embarked on his musical journey as part of EXO in 2012, catapulted into solo stardom in 2019 with "City Lights." As his multifaceted career continues to evolve, Baekhyun's entrepreneurial venture not only reflects his personal growth but also underscores the dynamic nature of K-pop's top talents, who seek to extend their influence beyond the stage and into the realm of creative leadership.
Sayart.net
Kelly.K, pittou8181@gmail.com
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