Do JYP trainees have to pay debt?

Yes. This is not just for JYP, but for every entertainment label. And to make it even more clear to you, they have to repay even if they DO debut, no matter if they are popular or if they flop and disband. The idea is that the trainee’s sign contracts to be able to train and have a chance to debut.

How much is JYP 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).

How much does it cost to train at JYP?

One source stated, “Even when it feels like they’re doing nothing but breathing, trainees cost us about 30 million won (approximately $27,000) per month.” Because of this enormous cost, the temporary contract between agencies and trainees are very short.

Are twice in debt?

TWICE. The lovely girls of TWICE have also all paid off their debt. Despite having songs that vary in popularity, their unwavering support from fans has gotten their bills paid very easily!

What happens if trainees don’t debut?

Trainees that don’t debut can go in many different directions. Some who really love singing and dancing will move to a lower-tier agency and debut there. Others may seek to use their connections to move behind the scenes in the entertainment industry.

Do Kpop trainees pay for training?

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.

Do trainees under JYP have to pay back debt?

The only time trainees under JYP have to pay back their debt if they don’t debut is if they don’t complete the whole duration of their contract. If you are let go or decide to leave when your contract is finished, you don’t have to pay back your debt.

Do big 3 trainees have to pay training debt?

Although it’s hard to come by solid facts in this area, it’s currently believed that big 3 (SM, YG, JYP) trainees no longer have to pay any training debt as long as they either debut or complete their training contract. The companies view it as an investment, and an added recruiting incentive.

How long does it take to get paid after debuting?

Well, first of all, you DO NOT get paid until you pay back your.debts to the company AFTER you debut. And most times, that’s REALLY long. AOA didn’t get their full salary until after their 4th year. An average rookie gets $4000 (idk if it’s yearly or monthly) l, but still has to pay the company back after their debut : (

Do you get paid to be a trainee?

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.