As singer and entertainment company representative Lim Chang-jung (50) faces billions of won in investment losses due to the stock market crash caused by SG Securities, attention is focused on the fate of girl group Mimiirose, who debuted in September last year.

Mimiirose is a five-member girl group under YES IM Entertainment, with Im Chang-jung as their representative. They debuted on September 16th last year, featuring members Yoon Ji-a, a former Mnet 'Girls Planet 999' contestant, Seo Yoon-ju and Han Ye-won from MBC's 'After School Excitement,' Inn Hyo-ri, and Choi Yeon-jae.

However, on April 25, news broke that the 3 billion won Lim Chang-jung had raised by selling company shares had vanished due to stock price manipulation. This led to speculation about the future of MimiRouz, who were about to make their comeback.

In response, a representative from YES IM Entertainment told 'Sports Seoul' on April 27, "It's difficult to give an accurate answer because it's about the company representative's stock investments, but the Mimiirose team will remain intact." They added, "We plan to proceed with the scheduled July comeback."

The representative continued, "Mimiirose's comeback is currently about 70% prepared. We acknowledge the difficult situation as reported in the media, but we are trying to find a solution within the company."

However, the global audition planned by YES IM is expected to face delays. The company conducted a global idol audition from the 10th to the 31st of last month. They announced the first round of successful applicants on the 7th, in the fields of vocals, dance, and rap.

Previously, on the 19th, YES IM stated, "More than 2,000 applicants participated in the global audition, and we plan to award 100 million won to each of the final winners after the final audition on the 30th." The fate of YES IM, which was smoothly launching new groups two years after debut, is now in crisis due to Lim Chang-jung's 'risky investment.'

Meanwhile, Lim Chang-jung sold a portion of his entertainment company shares to stock manipulators for 5 billion won at the beginning of this year, reinvesting 3 billion won, which was confirmed to be lost due to the SG Securities stock market crash on the 24th. He is also known to have handed over not only his investment but also the names of himself and his wife, Seo Ha-yan, to the stock manipulators, becoming involved in illegal trading. Depending on the extent of his involvement in the criminals' manipulation of stock prices through large-scale illegal trading, an investigation may be inevitable.

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