GWSN's label The Wave Music allegedly closed down & group disbanded?

GWSN's label The Wave Music has allegedly closed down, and the girl group are reportedly disbanded.

On October 21, netizens began discussing a post made online titled, "The agency that has virtually closed down, and the girl group found to be disbanded." According to the original poster, producer 'A' claimed The Wave Music is now defunct, writing, "In fact, it was close to a paper company with only the name of the agency. It is now out of business. Now, the members of GWSN will be able to transfer to other labels."

'A' further alleged they did not receive proper settlement fees for their production work on GWSN's album. Last year, a post claimed employees were not being paid at an agency representing a girl group with multinational members, which caused speculation it was likely GWSN's label.

The allegations come after producer Swin Lee said this past February he was never paid for his work on GWSN's album 'The Other Side of the Moon'.

Stay tuned for updates on the rumors.