TR Entertainment, formerly led by the late Shinsadong Tiger as its chief producer, has reportedly gone bankrupt.According to the music industry on the 18th, the Seoul Bankruptcy Court’s 16th Division declared summary bankruptcy for TR Entertainment on the 13th. (This process applies when a debtor’s total assets are less than 500 million KRW at the time of bankruptcy declaration.)Founded in June 2020, TR Entertainment was primarily produced by the late Shinsadong Tiger and managed artists such as http://TRI.BE, Yoo Sung-eun, and EXID’s Elly.Industry insiders explain that after Shinsadong Tiger’s passing, investment into the company ceased, revenue declined, and financial difficulties followed, ultimately leading to bankruptcy.