When you become a trainee, it costs money for the company. They pay for your living expenses, your vocal lessons, and a lot of other things in between that can really add up depending on how long you train for. In order to get that money back, companies put their idols in debt.+ https://twitter.com/Frente_Yoongi/status/1301183980637650945
What that means is that after you debut, you have to pay back all the money spent on you as a trainee. Normally, that means whatever money you make as an idol will go straight back to the company until you've paid everything off. And it can take years sometimes.+
Think of it like student debt. How when you go to university and take out a loan, you have to pay it back once you graduate. But unlike student debt which is paid in much smaller increments and can sometimes even cancel out after a certain amount of years, trainee debt doesn't.+
So there are a lot of idols who have come forward after many years saying they made little to no money being an idol because they had to pay it all back to the company because of trainee debt. That's essentially how it works for all companies. All...except BH, apparently.+
Putting that into perspective, if trainee debt is like having student debt, then having NO trainee debt is like attending on a full scholarship. Once these idols debut, it doesn't matter how much money was spent on them as a trainee, BH doesn't make them pay anything back.
Which means as soon as they debut, they're making money. And that money is all their own. Not the company's. Their OWN. That is HUGE. So if you needed another reason why BH is one of the best entertainment companies in the industry, here you go.
Lol the person I quoted was just asking me what it meant to have no trainee debt so I made this whole thread but they deleted their comment so it looks like I'm talking to myself 😂
Small correction, Big 3 companies also don't do trainee debt, but uhhhh they're not the best in terms of management, so do with that what you will.
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