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Do BigHit trainees have debt?

Posted on August 23, 2022 by Author

Do BigHit trainees have debt?

BigHit is one of the few companies that do not have a trainee debt.

How much debt do Kpop trainees have?

A trainee ends up with a debt of 600 million KRW (~518,037 USD) over eight years after being initially told he will debut right away. “The group will debut right away if you join”.

Can I be a trainee in Big Hit Entertainment?

Both boys and girls can participate in this show, only your age should be from 12 years to 18 years. There are online auditions for this show, through which auditions are taken in different cities.

How many BigHit trainees are there?

There were 250 Employees under Big Hit Entertainment as of March 2019 according to their Official Website. I estimate that 35\% of all employees are Trainees.

Did BTS pay their debt?

Yes- I once read that all of the members paid off their debt within 2 to 2 1/2 years after debut. It may sound like it took a long time, but apparently in the K-pop music world groups don’t make a lot of money, especially in the beginning of their careers.

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How does Bighit treat their trainees?

With the trainee’s, almost every source online said that it’s going to be rough like any other company. The training is hard and there’s a lot of pressure but it’s like that with most of the other companies as well.

Does JYP have trainee debt?

The notable exception to this are groups from the “Big 3” companies – SM Entertainment, YG Entertainment, and JYP Entertainment. Trainees under these three companies get paid as soon as they debut and generally do not face trainee debt at all, unless they leave before completion of their contracts.

How much do Kpop trainees have to pay if they don’t debut?

If they complete the contract and don’t debut, it’s waived. If they don’t complete a contract but debut through another agency, then also it’s waived for the trainee and the other agency bears the brunt. If they don’t complete a contract and don’t even debut, they have to pay a bit (not exactly 30 million won).

Does BigHit accept Indian?

Eligibility Criteria Big Hit Entertainment audition is only open for boys who fall under the age group of 12 to 18. Every country citizen is eligible for participating in the show. Females and girls can also be a part of the BHE audition 2021.

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Does JYP accept Indian?

Qualification for JYP Audition Any nationality like ok South Korean, Indian, Chinese, Bangladeshi or any other ration can apply for this show.

Does Bighit accept female trainees?

Big Hit Entertainment Audition 2022 online Age group – 12 to 18 years old boys and girls can apply for this show, female participants can join the show from all over the globe. Interested contenders can apply online for Bighitentertainment Auditions 2022.

How much is Bighit in debt?

Total Assets

Jun 2021
Total Debt 887.25 B
Total Liabilities 1.46 T
Total Shareholder’s Equity 1.91 T
Book Value Per Share 48,985.81

Why is Big Hit Entertainment only looking for male trainees?

Big Hit Entertainment audition requirements clearly specify that the agency is only looking for male trainees. While producer Bang Shi Hyuk never confirmed, his boys-only policy may be from the complete and utter failure of GLAM, Big Hit Entertainment’s first girl group ever.

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Can international fans audition at Big Hit Entertainment?

On June 17, Big Hit Entertainment finally reopened its doors to female talent. Unfortunately for international fans, only females from Japan can audition at this time, but it’s a start! The applicants must have been born after January 1, 2001, be currently living in Japan, and have no current ties to other entertainment companies.

Why did Big Hit Entertainment switch its focus to boy groups?

GLAM’s failure is largely believed to be the reason why Big Hit Entertainment switched its focus to boy groups only. On June 17, Big Hit Entertainment finally reopened its doors to female talent. Unfortunately for international fans, only females from Japan can audition at this time, but it’s a start!

What happened to Big Hit Entertainment’s first girl group?

Big Hit Entertainment’s first and only girl group, GLAM, debuted in 2012 and disbanded in 2015 after multiple controversies. GLAM’s failure is largely believed to be the reason why Big Hit Entertainment switched its focus to boy groups only. On June 17, Big Hit Entertainment finally reopened its doors to female talent.

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