Insurance is a must: Concert organisers
Other K-pop concert organisers here are speculating that Fatfish Entertainment had likely not bought insurance for event cancellation, which they said was a "big mistake".
An experienced organiser said he would always make sure to buy insurance first before paying the pre-booking fee for the artists.
He said: "For a solo K-pop singer, I paid $7,300 for event cancellation insurance.
"In the event the concert is cancelled, I would have got back $265,000 from the insurance.
"In my case, the money would have probably covered more than 50 per cent of the ticket refund."
But he said that the insurance premium for the MBC Korean Music Wave would have cost a lot more as it had more than 10 acts.