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Do Belift trainees have debt?

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Do Belift trainees have debt?

You will not get paid to be a trainee. In fact, you will actually build up debt from housing, food, and training fees. This debt must be paid back once you debut (so you will not be able to keep any money until you have completely repaid your debt), or if/when you leave the company.

Does BigHit do trainee debt?

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

Do BigHit trainees have to pay?

Yes, they pay for all your expenses as a trainee. If you are slightly older (17 or 18 ish) you may drop out of school and if you are younger you might go to a international/foreign language school or a school for performing arts (like many idols such as Jungkook and Jimin).

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How much do BigHit trainees have to pay?

In an interview, the CEO shared just how much it takes to fully train a trainee at BigHit Entertainment just for a year. It costs about a hundred and 20 million KRW ($110,000 USD) to train a trainee for a year. This value, although provided by Bang Shi Hyuk himself, is not specific to BigHit Entertainment.

How much is trainee debt?

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”. These were the words that an entertainment company CEO told a trainee named Minjoon (a pseudonym).

Does Enhypen have trainee debt?

BigHit has no trainee debt!

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.

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How many trainees are under Bighit?

Trainee A is a pre-debut male training team formed in Early 2021, speculated to be under Big Hit Music. The trainee lineup currently consists of 6 members: Inhyuk, Leo, Sangwon, James, Jihoon and JJ. There is 4 hidden members in the group.

How much is a trainee debt?

How long does it take to pay off trainee debt?

Do K-pop groups go into debt when they debut?

Unlike the Western music industry, in order to debut, K-Pop groups incur a lot of debt in their trainee days. From the cost of living, food, and practice space to everyday expenditures and pocket money, K-Pop trainees undergo a lot to maintain a budget.

Is Belift lab a good company?

Belift Lab is a collaboration company between Big Hit Entertainment and CJ ENM. There are no idols under Belift Lab currently, but I read an article stating that they will debut a new boy group in 2020. So yes, they seem pretty good to me. I’m also auditioning there! Good luck! Thanks for asking! Edit: So Belift Lab has a new group, ENHYPEN.

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Who is the founder of the Belift label?

BELIFT LAB is a label founded jointly by CJ ENM and HYBE, created with the goal of developing idol groups targeting the global market to drive the mainstreaming of K-POP while redefining and innovating the label business. Artists under this label include ENHYPEN, which debuted in November of 2020

Are there any idols under the Belift lab?

Transcribe your recorded audio – interviews, meetings & more for free in real-time. Belift Lab is a collaboration company between Big Hit Entertainment and CJ ENM. There are no idols under Belift Lab currently, but I read an article stating that they will debut a new boy group in 2020.