On MBC 'Quiz that Changes the World' that aired on January 7th, Kim JongMin of Koyote announced that his company has gone bankrupt. Koyote has recently released a digital single 'Repeating the Same Words' and has been loved by fans. 

On the show, Kim JongMin talked of the difficulties in advertising and performing their new single due to money problems within Koyote's entertainment company. The money earned from their new album is essential in helping to keep the company from closing.