Earlier reports revealed that discussions about the trademark were underway following The Boyzs transfer to OneHundred.
Initially, IST was said to have demanded tens of billions of won for the trademark rights.
When OneHundred declined to meet the financial demand, IST reportedly proposed additional conditions for using the name.
The breakdown of negotiations results in losses for all parties.
Without the group members, the’The Boyz’trademark holds little value.
Reports suggest that some members were seen in tears upon hearing the news of the failed negotiations.
Despite their wishes, the sharp divide between the two agencies has led to an unfortunate outcome.
Debuting in 2017, The Boyz gained significant recognition after winning Mnets’Road to Kingdom’in 2020 with their high-quality performances.
They went on to expand their fandom through’Kingdom’and have since released hit tracks such as’Thrill Ride’and’The Stealer.
‘The group continues to showcase their talent and strong presence in the K-pop scene.
