Less than two weeks before it's Nov. 16 scheduled date, the event producers of the Munhwa Broadcasting Corporation (MBC) Korean Music Wave in Singapore 2013 have pulled the plug on the three-hour concert, which would have featured an A-list lineup of performers like EXO, Sistar and 4Minute.
In a statement posted to the company's Facebook page on Tuesday, concert promoter Fatfish Entertainment explained the decision to cancel what had been billed as Singapore's largest-ever K-pop concert, according to the publication Today.
"We regret to announce that the MBC Korean Music Wave in Singapore 2013 has been canceled due to unforeseen circumstances including contractual difficulties with our co-producer MBC," the Fatfish statement read.
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"This is an unexpected turn of events and we are ascertaining how this cancellation will affect our financial position. We are currently seeking professional advice to see how we can best refund our ticket holders and other creditors. We will need some time for this and seek your patience and understanding during this difficult time."
The decision comes one week after the company reportedly posted another statement to the social networking site, asking fans to help fund other aspects of the performance like the artists' transportation and food in addition to the ticket price.
That Facebook post has since been deleted.
Wang Li Na, head of consumer marketing for would-be MBC Korean Music Wave In Singapore 2013 sponsor StarHub, claims she is unsure exactly what led to the move to axe the concert.
"We were very disappointed to learn this evening, from the concert promoter, Fatfish Entertainment, that the MBC Korean Music Wave concert has been cancelled," Wang said. "We are currently in talks with them to find out more."
K-pop fan Mira Jamil can't believe the incompetence.
"It's so unprofessional of you to announce at such a short notice when the event is just 10 days away," Jamil wrote on Starfish Entertainment's Facebook page.
"Ticket prices were unreasonably sky high, which caused you guys to have poor sales."
Ticket prices for the concert, which was slated to take place at Singapore's Gardens By The Bay, ranged from $140 to $550.
Other acts on the MBC Korean Music Wave In Singapore 2013 bill included the groups SHINee, 2PM, 2AM, F.T. Island, B1A4, Teen Top, B.A.P, Kara and Miss A and solo singer IU.
Taeyeon, Tiffany and Seohyun of Girls' Generation were scheduled to host the event.
