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Woollim Entertainment

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Namestring
Woollim Entertainment
Legal namestring
WOOLLIM ENTERTAINMENT
Websiteurl
woolliment.com
Company typeenum
Private
Founded yearint
2005
Descriptiontext

Woollim Entertainment is a privately held South Korean K-pop entertainment company headquartered in Mapo-gu, Seoul, founded in 2005 and operating with 51-100 employees. The company's core business is the management, training, and promotion of K-pop idol groups and solo artists under a traditional agency model. Its current active roster comprises two boy groups (GOLDEN CHILD, debuted 2017; DRIPPIN, debuted 2020), one girl group (ROCKET PUNCH, debuted 2019), and two solo artists (Kwon Eunbi, solo since 2021; Lee Sujeong, solo since 2022). Woollim's operations span the full K-pop value chain: artist recruitment through a structured online audition pipeline, multi-year training, music production and album release (digital singles, mini-albums, single albums across multiple genres), concert and world-tour organization, and direct-to-consumer merchandise via the Woollim Mall e-commerce platform.

The company's revenue model is multi-stream and primarily B2C. Revenue is generated through physical and digital album sales distributed via Korean retail and global streaming platforms (Melon, Genie, Spotify, Apple Music), ticketed live performances (concerts, fan meetings, world tours) primarily in South Korea, Japan, and Southeast Asia, and merchandise sales through Woollim Mall. Brand partnerships and endorsements constitute an additional revenue stream. Fan engagement is conducted through official channels including YouTube, Twitter/X, Facebook, Weverse communities (where all five acts maintain official presence), and direct artist-to-fan communications. Distribution is digital-first with global streaming reach and regional live-event concentration in East and Southeast Asia.

Strategically, Woollim is mid-tier within the Korean agency landscape: smaller than the 'Big 4' agencies but operationally established with a consistent release cadence, branded album series (e.g., Rocket Punch's COLOR PUNCH, DRIPPIN's Villain'z Era), and a subunit and solo-release strategy (including DRIPPIN's Cha Dong-Hyeop subunit and individual member solo albums) that extends output from existing IP. The disclosed funding history is thin — a single 2019 Premier Partners investment is the only financing event in the data — and ownership is private with no parent company relationship. The reported departure of Kwon Eunbi to Galaxy Corporation represents the most significant roster risk in the recent record and is a key data point for any investor evaluating artist-retention risk in a talent-dependent business.

Short descriptiontext

Woollim Entertainment is a privately held South Korean K-pop agency managing 5 active artists (Golden Child, Rocket Punch, DRIPPIN, Kwon Eunbi, Lee Sujeong) through music production, concert touring, and merchandise sales, serving K-pop fans primarily in South Korea, Japan, and Southeast Asia.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersMapo, South Korea
HQ citystring
Mapo
HQ countrystring
South Korea
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
K-pop artist management, music production, idol group management, concert tour promotion, music label services
Product category
K-pop Entertainment
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Music Production and Album Sales
TypeOne Time License
Description

Production and distribution of music albums for managed idol groups and solo artists including Golden Child, Rocket Punch, Drippin, Kwon Eunbi, and Lee Sujeong. Revenue generated from album sales, digital downloads, and streaming royalties.

woolliment.com
2Artist Management Services
TypeProfessional Services
Description

Management of K-pop artists including concert performances, fan meetings, television appearances, and brand collaborations. Revenue from agency commissions and performance fees.

woolliment.com
3Concert and Tour Revenue
TypeTransaction Fee
Description

Live concert performances, world tours, and fan meeting events for managed artists generating ticket sales and related merchandise at venues.

woolliment.com
4Merchandise and E-commerce
TypeHardware Sales
Description

Woollim Mall online store selling artist merchandise, albums, and fan goods. Direct-to-consumer e-commerce platform for official Woollim Entertainment artist products.

woolliment.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D, Infrastructure
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Woollim Entertainment is a South Korean K-pop entertainment company that manages a roster of boy groups (Golden Child, Drippin), a girl group (Rocket Punch), and solo artists (Kwon Eunbi, Lee Sujeong). The company handles end-to-end artist management including music production and album releases, concert and fan meeting organization, television appearances, brand collaborations, and merchandise sales through its Woollim Mall e-commerce platform. It also recruits new talent via an online audition system.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Drippin achieved Billboard World Digital Song Sales chart ranking with Free Pass album
+1 more record
Product overview1 text field

Woollim Entertainment is a K-pop entertainment company managing a portfolio of music artists and related services. Its core offerings include boy groups DRIPPIN (10-member with subunits like 차동협) and GOLDEN CHILD, girl group ROCKET PUNCH, and solo artists KWON EUNBI and LEE SUJEONG. The company provides artist management, music production and releases across multiple album formats (singles, EPs, full albums), online auditions for talent recruitment, and merchandise through the Woollim Mall e-commerce platform.

Product and service7 records
1DRIPPIN
CategoryMusic Artist (Boy Group)
Description

Seven-member boy group debuted October 28, 2020, known for their Villain'z Era narrative concept albums and subunits such as Cha Dong-Hyeop (차동협). Known for EDM, pop-dance, and concept-driven releases targeting K-pop fans globally.

2ROCKET PUNCH
CategoryMusic Artist (Girl Group)
Description

Six-member girl group debuted August 7, 2019, known for COLOR PUNCH series (PINK, RED, BLUE, YELLOW), retro/neotro concepts, and versatile musical styles. Members: Yeonhee, Suyun, Yoonkyung, Sohee, Dahyun.

3GOLDEN CHILD
CategoryMusic Artist (Boy Group)
Description

Ten-member boy group debuted August 28, 2017, known for 'Wonjo Cheongnangdol' (원조 청량돌, original refreshing idols) concept, energetic performances, and diverse music genres from dance to ballad.

4KWON EUNBI
CategorySolo Artist
Description

Former IZ*ONE leader debuted 2018, solo artist since 2021 known for the SUMMER QUEEN title, diverse solo albums covering pop-dance, R&B, and Afro-pop genres.

5LEE SUJEONG
CategorySolo Artist
Description

Former Lovelyz main vocalist, solo debut 2022, known for self-composed tracks, dreamy ballads, and collaborations including duet 'Christmas Memory' (크리스마스의 기억) with Lee Woo.

6Woollim Mall
CategoryE-commerce / Fan Merchandise
Description

Official merchandise e-commerce store for Woollim Entertainment artists, offering albums, fan goods, and artist-related products directly to fans.

7Woollim Online Audition
CategoryArtist Recruitment Platform
Description

Online audition system accepting applications via email ([email protected]) for aspiring artists in singing, dancing, acting, and performance, with a two-stage selection process.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeTechnology or Integration
Description

Weverse platform serves as the official fan community hub for Woollim Entertainment artists including Golden Child, Rocket Punch, Drippin, Kwon Eunbi, and Lee Sujeong. Artists engage with fans through Weverse posts, exclusive content, and direct communications.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1MBK Entertainment
TypeDirect peer
Description

Korean entertainment agency historically managing T-ARA and DIA. Similar mid-tier K-pop agency with comparable roster scale and music-production-driven business model in the non-Big 4 space.

TypeDirect peer
Description

Korean entertainment agency managing ASTRO, Weki Meki, and actor talent. Comparable mid-tier K-pop entertainment company with similar roster scale, music and live performance focus, and competitive positioning.

3RBW Entertainment
TypeDirect peer
Description

Korean entertainment agency managing MAMAMOO, ONEUS, and PURPLE KISS. Comparable mid-tier K-pop entertainment company with similar artist management focus and operational scale.

TypeDirect peer
Description

Korean entertainment agency managing OH MY GIRL and B1A4. Similar mid-tier scale to Woollim with comparable artist roster size, music production focus, and competitive position outside the Big 4 K-pop labels.

TypeDirect peer
Description

Korean entertainment agency managing SEVENTEEN and fromis_9 (now under HYBE). Comparable mid-tier-to-major K-pop agency with similar artist development pipeline and group-based revenue model.

6TOP Media
TypeDirect peer
Description

Korean entertainment agency managing Teen Top, MCND, and other acts. Comparable mid-tier K-pop agency with similar artist roster scale, music-driven business, and position outside top-tier labels.

TypeBroad incumbent
Description

Established Korean entertainment agency managing (G)I-DLE, BTOB, and PENTAGON. Larger and more established than Woollim but operates in the same mid-tier space with similar group-focused K-pop business model.

TypeDirect peer
Description

Mid-tier Korean entertainment agency managing groups including IVE, MONSTA X, and WJSN. Closely comparable in scale and business model to Woollim, with similar roster size, concert-driven revenue, and mid-tier competitive positioning.

TypeDirect peer
Description

Korean entertainment company managing SF9, FTIsland, and Cherry Bullet. Similar mid-tier entertainment agency with comparable music production, artist management, and concert-based revenue model.

TypeDirect peer
Description

Korean entertainment company managing VIXX, gugudan alumni, and VERIVERY. Similar mid-tier entertainment agency with comparable roster size, music production operations, and competitive market position.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Woollim Entertainment

K-pop Entertainmentwoolliment.com

Woollim Entertainment is a privately held South Korean K-pop agency managing 5 active artists (Golden Child, Rocket Punch, DRIPPIN, Kwon Eunbi, Lee Sujeong) through music production, concert touring, and merchandise sales, serving K-pop fans primarily in South Korea, Japan, and Southeast Asia.

What Woollim Entertainment does

Woollim Entertainment is a privately held South Korean K-pop entertainment company headquartered in Mapo-gu, Seoul, founded in 2005 and operating with 51-100 employees. The company's core business is the management, training, and promotion of K-pop idol groups and solo artists under a traditional agency model. Its current active roster comprises two boy groups (GOLDEN CHILD, debuted 2017; DRIPPIN, debuted 2020), one girl group (ROCKET PUNCH, debuted 2019), and two solo artists (Kwon Eunbi, solo since 2021; Lee Sujeong, solo since 2022). Woollim's operations span the full K-pop value chain: artist recruitment through a structured online audition pipeline, multi-year training, music production and album release (digital singles, mini-albums, single albums across multiple genres), concert and world-tour organization, and direct-to-consumer merchandise via the Woollim Mall e-commerce platform.

The company's revenue model is multi-stream and primarily B2C. Revenue is generated through physical and digital album sales distributed via Korean retail and global streaming platforms (Melon, Genie, Spotify, Apple Music), ticketed live performances (concerts, fan meetings, world tours) primarily in South Korea, Japan, and Southeast Asia, and merchandise sales through Woollim Mall. Brand partnerships and endorsements constitute an additional revenue stream. Fan engagement is conducted through official channels including YouTube, Twitter/X, Facebook, Weverse communities (where all five acts maintain official presence), and direct artist-to-fan communications. Distribution is digital-first with global streaming reach and regional live-event concentration in East and Southeast Asia.

Strategically, Woollim is mid-tier within the Korean agency landscape: smaller than the 'Big 4' agencies but operationally established with a consistent release cadence, branded album series (e.g., Rocket Punch's COLOR PUNCH, DRIPPIN's Villain'z Era), and a subunit and solo-release strategy (including DRIPPIN's Cha Dong-Hyeop subunit and individual member solo albums) that extends output from existing IP. The disclosed funding history is thin — a single 2019 Premier Partners investment is the only financing event in the data — and ownership is private with no parent company relationship. The reported departure of Kwon Eunbi to Galaxy Corporation represents the most significant roster risk in the recent record and is a key data point for any investor evaluating artist-retention risk in a talent-dependent business.

Woollim Entertainment firmographics

Firmographics
Name
Woollim Entertainment
Legal name
WOOLLIM ENTERTAINMENT
Website
https://woolliment.com
Company type
Private
Founded year
2005
Operating status
Operating
Headcount range
51–100 employees
Short description
Woollim Entertainment is a privately held South Korean K-pop agency managing 5 active artists (Golden Child, Rocket Punch, DRIPPIN, Kwon Eunbi, Lee Sujeong) through music production, concert touring, and merchandise sales, serving K-pop fans primarily in South Korea, Japan, and Southeast Asia.
Ownership category
akta.pro rank

Where Woollim Entertainment is headquartered

Location

Headquarters

HQ city
Mapo
HQ country
South Korea
HQ region
Asia

Offices1 record

Markets served

Woollim Entertainment business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Supply Chain, Technology or R&D, Infrastructure

Revenue model

  1. Music Production and Album Sales: Production and distribution of music albums for managed idol groups and solo artists including Golden Child, Rocket Punch, Drippin, Kwon Eunbi, and Lee Sujeong. Revenue generated from album sales, digital downloads, and streaming royalties.
  2. Artist Management Services: Management of K-pop artists including concert performances, fan meetings, television appearances, and brand collaborations. Revenue from agency commissions and performance fees.
  3. Concert and Tour Revenue: Live concert performances, world tours, and fan meeting events for managed artists generating ticket sales and related merchandise at venues.
  4. Merchandise and E-commerce: Woollim Mall online store selling artist merchandise, albums, and fan goods. Direct-to-consumer e-commerce platform for official Woollim Entertainment artist products.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Woollim Entertainment product offering

Product offering

Core offering

Woollim Entertainment is a South Korean K-pop entertainment company that manages a roster of boy groups (Golden Child, Drippin), a girl group (Rocket Punch), and solo artists (Kwon Eunbi, Lee Sujeong). The company handles end-to-end artist management including music production and album releases, concert and fan meeting organization, television appearances, brand collaborations, and merchandise sales through its Woollim Mall e-commerce platform. It also recruits new talent via an online audition system.

Product overview

Woollim Entertainment is a K-pop entertainment company managing a portfolio of music artists and related services. Its core offerings include boy groups DRIPPIN (10-member with subunits like 차동협) and GOLDEN CHILD, girl group ROCKET PUNCH, and solo artists KWON EUNBI and LEE SUJEONG. The company provides artist management, music production and releases across multiple album formats (singles, EPs, full albums), online auditions for talent recruitment, and merchandise through the Woollim Mall e-commerce platform.

Differentiator

Problem solved

Functional benefit

Products and services

  • DRIPPIN Seven-member boy group debuted October 28, 2020, known for their Villain'z Era narrative concept albums and subunits such as Cha Dong-Hyeop (차동협). Known for EDM, pop-dance, and concept-driven releases targeting K-pop fans globally.
  • ROCKET PUNCH Six-member girl group debuted August 7, 2019, known for COLOR PUNCH series (PINK, RED, BLUE, YELLOW), retro/neotro concepts, and versatile musical styles. Members: Yeonhee, Suyun, Yoonkyung, Sohee, Dahyun.
  • GOLDEN CHILD Ten-member boy group debuted August 28, 2017, known for 'Wonjo Cheongnangdol' (원조 청량돌, original refreshing idols) concept, energetic performances, and diverse music genres from dance to ballad.
  • KWON EUNBI Former IZ*ONE leader debuted 2018, solo artist since 2021 known for the SUMMER QUEEN title, diverse solo albums covering pop-dance, R&B, and Afro-pop genres.
  • LEE SUJEONG Former Lovelyz main vocalist, solo debut 2022, known for self-composed tracks, dreamy ballads, and collaborations including duet 'Christmas Memory' (크리스마스의 기억) with Lee Woo.
  • Woollim Mall Official merchandise e-commerce store for Woollim Entertainment artists, offering albums, fan goods, and artist-related products directly to fans.
  • Woollim Online Audition Online audition system accepting applications via email ([email protected]) for aspiring artists in singing, dancing, acting, and performance, with a two-stage selection process.

Quantifiable outcome

  • Drippin achieved Billboard World Digital Song Sales chart ranking with Free Pass album
  • +1 more outcomes

Companies that use Woollim Entertainment

Customer profile

Segments3 records

Ideal customer profiles2 records

Woollim Entertainment technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Woollim Entertainment partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • WeversecoreTechnology or IntegrationWeverse platform serves as the official fan community hub for Woollim Entertainment artists including Golden Child, Rocket Punch, Drippin, Kwon Eunbi, and Lee Sujeong. Artists engage with fans through Weverse posts, exclusive content, and direct communications.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Woollim Entertainment competitors and assessment

Company assessment

Direct peers

  • MBK Entertainment: Korean entertainment agency historically managing T-ARA and DIA. Similar mid-tier K-pop agency with comparable roster scale and music-production-driven business model in the non-Big 4 space.
  • Fantagio: Korean entertainment agency managing ASTRO, Weki Meki, and actor talent. Comparable mid-tier K-pop entertainment company with similar roster scale, music and live performance focus, and competitive positioning.
  • RBW Entertainment: Korean entertainment agency managing MAMAMOO, ONEUS, and PURPLE KISS. Comparable mid-tier K-pop entertainment company with similar artist management focus and operational scale.
  • WM Entertainment: Korean entertainment agency managing OH MY GIRL and B1A4. Similar mid-tier scale to Woollim with comparable artist roster size, music production focus, and competitive position outside the Big 4 K-pop labels.
  • Pledis Entertainment: Korean entertainment agency managing SEVENTEEN and fromis_9 (now under HYBE). Comparable mid-tier-to-major K-pop agency with similar artist development pipeline and group-based revenue model.
  • TOP Media: Korean entertainment agency managing Teen Top, MCND, and other acts. Comparable mid-tier K-pop agency with similar artist roster scale, music-driven business, and position outside top-tier labels.
  • Starship Entertainment: Mid-tier Korean entertainment agency managing groups including IVE, MONSTA X, and WJSN. Closely comparable in scale and business model to Woollim, with similar roster size, concert-driven revenue, and mid-tier competitive positioning.
  • FNC Entertainment: Korean entertainment company managing SF9, FTIsland, and Cherry Bullet. Similar mid-tier entertainment agency with comparable music production, artist management, and concert-based revenue model.
  • Jellyfish Entertainment: Korean entertainment company managing VIXX, gugudan alumni, and VERIVERY. Similar mid-tier entertainment agency with comparable roster size, music production operations, and competitive market position.

Broad incumbents

  • Cube Entertainment: Established Korean entertainment agency managing (G)I-DLE, BTOB, and PENTAGON. Larger and more established than Woollim but operates in the same mid-tier space with similar group-focused K-pop business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Woollim Entertainment social profiles

Digital presence

Woollim Entertainment financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Woollim Entertainment leadership team

Management profile

Number of profiles

Woollim Entertainment funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Woollim Entertainment M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Woollim Entertainment

What does Woollim Entertainment do?

Woollim Entertainment is a South Korean K-pop entertainment company that manages a roster of boy groups (Golden Child, Drippin), a girl group (Rocket Punch), and solo artists (Kwon Eunbi, Lee Sujeong). The company handles end-to-end artist management including music production and album releases, concert and fan meeting organization, television appearances, brand collaborations, and merchandise sales through its Woollim Mall e-commerce platform. It also recruits new talent via an online audition system.

Is Woollim Entertainment a public or private company?

Woollim Entertainment is a private company. It is classified as unknown and is currently operating.

When was Woollim Entertainment founded?

Woollim Entertainment was founded in 2005. It employs 51 to 100 people.

Where is Woollim Entertainment based?

Woollim Entertainment is headquartered in Mapo, South Korea, in the Asia region.

How does Woollim Entertainment make money?

Four revenue lines are on record. Music Production and Album Sales are the primary driver. The others are artist Management Services, concert and Tour Revenue and merchandise and E-commerce.

Who are Woollim Entertainment's main competitors?

Direct peers on record are MBK Entertainment, Fantagio, RBW Entertainment, WM Entertainment, Pledis Entertainment, TOP Media, Starship Entertainment, FNC Entertainment and Jellyfish Entertainment. Cube Entertainment is listed as a broad incumbent.

Does Woollim Entertainment have an API?

No public API is recorded for Woollim Entertainment.

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Live signals
NateKwon Eun-bi 'During difficult times, all that is left is to rise... I think I have succeeded even now' [MD Interview ③]: Nate EntertainmentKwon Eun-bi left Woollim Entertainment for RBW after 10 years, citing shared artistic direction. She credits her resilience during IZ*ONE's debut for her success and plans a full-length album with her story. Her current goal is to work steadily without incidents.WikipediaDraft:Yoo Ji-ae: Difference between revisionsYoo Ji-ae debuted as a solo artist with "Delight" in 2013 and joined Lovelyz in 2014, whose group went on indefinite hiatus in 2021 after most members, including Jiae, did not renew with Woollim Entertainment. She signed an exclusive contract with YG KPLUS in November 2021 and has since acted in Office Cooking, Pinwheel, 4 Minutes 44 Seconds and Today's Weather Is Sexy.The Korea HeraldKwon Eunbi to drop single next monthRBW Entertainment announced that singer Kwon Eunbi will release her new digital single "Dejavu" on September 3. This marks her first musical release since joining RBW in April after departing Woollim Entertainment, where she spent over seven years. The artist expressed a desire for greater creative involvement in her music production.Nate[Obituary] Mr. Lee Joong-yeop (CEO of Woolim Entertainment) has lost his father: Nate NewsLee Joong-yeop, CEO of Woolim Entertainment, announced the passing of his father, Lee Sang-gu, on August 15. The funeral services are scheduled to take place at the Seoul Eulji Mokdong Hospital Funeral Home, with the departure set for the morning of August 17. This announcement serves as a formal notification regarding the personal bereavement of the company's leadership.Nate[Obituary] Mr. Lee Joong-yeop (CEO of Woolim Entertainment) has lost his father: Nate NewsWoolim Entertainment CEO Lee Joong-yeop announced the passing of his father, Lee Sang-gu. The article provides funeral details, including the venue at Daegu Catholic University Mokdong Hospital Funeral Hall and the departure time on August 17. This is a personal announcement regarding the family of a company executive.Nate[Obituary] Mr. Lee Joong-yeop (CEO of Woolim Entertainment) has lost his father: Nate NewsLee Joong-yeop, the CEO of Woolim Entertainment, is observing mourning for his father, Lee Sang-gu, who passed away at the age of 87. The funeral services are scheduled to take place at the Korea University Mokdong Hospital Funeral Home on August 15, with the body being moved on August 17. This announcement serves as a formal obituary regarding the personal loss of the company's leadership.The Korea HeraldKwon Eunbi switches agency: reportK-pop idol Kwon Eunbi is reportedly switching agencies to Galaxy Corporation as her exclusive contract with Woollim Entertainment ends. She was the leader of the project girl group Iz*One, which debuted in 2018 and disbanded in April 2021, and has pursued a solo career since. Woollim Entertainment stated that both parties will have a final discussion on renewal, leaving open the possibility of continuing their relationship that began in 2015.SbsstarINFINITE Jang Dong-woo Says He Took Out a Loan to Finish His DIY Solo AlbumJang Dong-woo released his second solo album "AWAKE" on November 18, marking a self-funded project where he took out a loan to finance production after leaving Woollim Entertainment. The artist maintained full creative control over the six-track release, including the title track "Sway (Zzz)," following a hiatus that included military service and company changes.SoompiGolden Child's Agency Announces Y's Military Enlistment PlansWoollim Entertainment announced that Golden Child member Y will enlist in the military on March 20. Prior to his service, he is scheduled to release a digital single in mid-March and perform on music shows. He becomes the second member of the group to complete his mandatory military duty.