Live Company Group PLC (AIM:LVCG) (LVCG) has announced the decision to cancel the K.Flex concert planned for 20 November 2022 at the O2 venue in London.
The company said the decision to cancel the Mega KPOP music festival event "was not taken lightly, nor speedily, but reflects both the sensitivities and practicalities post the tragic events in Seoul, South Korea, over the Halloween period".
On the night of 29 October 2022, a crowd crush occurred during Halloween festivities in the Itaewon neighbourhood of Seoul, with at least 156 people killed and at least 172 others injured.
Looking forward, LVCG added that it will be working on bringing a number of K-pop events throughout 2023 for the loyal fanbase and will be announcing this programme through December.
It said this is likely to be a full European Tour with a minimum of five events with the first event currently scheduled to commence in the first quarter of 2023.
In a statement, David Ciclitira, chairman commented: "Having personally visited the scene of the tragedy I do not believe that staging a K-pop event at this time is the right thing to do. We hope that this is just a postponement and will make a further announcement if we are able to reschedule."
Live Company Group is a live events, entertainment and sports events company, that has been trading on AIM since 2017. The group is divided into four divisions.
BRICKLIVE, consists of a network of partner-driven fan-based and touring shows using BRICKLIVE-created content worldwide. The company owns the rights to BRICKLIVE - an interactive experience built around the creative ethos of the world's most popular construction toy bricks. The group is an independent producer of BRICKLIVE and is not associated with the LEGO Group.
The second is KPOP which owns the K.flex brand. K.flex is Europe's first-ever Mega KPOP music festival. The third is Live Company Sports and Entertainment, which manages a number of global sports, entertainment and lifestyle events. The fourth division is StART Art Global. StART Art Global is a combination of both physical art shows and a digital art platform.