Girl group Mimirose left Lim Chang-jung's arms.

Mimirose, a group produced by actor Lim Chang-jung, left its agency, YES IM Entertainment. Lim Chang-jung is the CEO of YesIam Entertainment. In fact, the link with Lim Chang-jeong has disappeared. Mimirose plans to continue her activities in partnership with the new entertainment company.

On the 21st, a music industry official told Ten Asia, "Mimirose recently terminated her contract with her agency through mutual agreement. The decision was made after discussions between the company and the members regarding Mimi Rose's future activities." It is said that the reason behind this decision is to allow Mimirose to continue her career as a singer in the future.

Mimirose signs an exclusive contract with a new entertainment company. The new entertainment company will be filled with new personnel in addition to the existing YesIM personnel who were in charge of Mimirose. Other details are expected to be finalized in December.

Mimirose is a five-member girl group produced directly by Lim Chang-jung. In particular, it is known that Lim Chang-jung sold his copyright to form a team. Lim Chang-jung even sold the land he owned in order to make his promised girl group debut. Officials explained that although they supported Mimirose with a responsible attitude, they decided that it would be difficult to continue their activities and allowed them to find a new home.

Mimirose hit a rock ahead of her comeback with her second single. This is after it was revealed that Lim Chang-jung, the CEO of the agency, suffered billions of won in losses related to the so-called SG Securities stock price crash last April. Those involved in the stock price manipulation are suspected of taking over mobile phones opened in the name of investors, making transactions using those mobile phones, and manipulating stock prices. Transaction trading is an illegal trading activity in which buyers and sellers set a price in advance and buy and sell stocks to each other at a certain time.

The controversy grew as even singer Lim Chang-jung was mentioned in the suspicion of stock price manipulation that arose due to the slump caused by SG Securities. Lim Chang-jeong claimed that he also suffered losses after investing 3 billion won, entrusting his and his wife's ID cards to them earlier this year. According to his claim, he had a debt of over 6 billion won.

At the time, Lim Chang-jeong said, "I lack professional financial knowledge, so my name continues to be mentioned in these cases, not on stage. Regardless of the financial loss, I am heartbroken. All facts will be revealed through the investigation, and no matter what the investigation, “I will work diligently. Please refrain from making speculative or malicious reports.”

The investigation into the stock price manipulation scandal launched by SG Securities is at a standstill. It has been reported that Lim Chang-jung has not yet been investigated by the prosecution, although seven months have passed since the incident occurred. This is because time is tight to investigate the main culprits and accomplices involved. As the interests of so many people are intertwined, the investigation is expected to be a long-term battle. However, it has been reported that the likelihood of Lim Chang-jeong being converted into a suspect is low. This is because there is no evidence of active participation. It is expected that the investigation will be postponed until next year. An official from Lim Chang-jeong's side said, "We prepared various materials to prove that she was a victim and said we would undergo a quick investigation, but the investigation schedule was pushed back and we have not yet been able to shake off the uncertainty."

Reporter Junho Yoon/Jiwon Kim, Ten Asia delo410@tenasia.co.kr