BB Girls recently released the single One More Time under a new label. Photo: Warner Music Korea
BB Girls recently released the single One More Time under a new label. Photo: Warner Music Korea
BB Girls recently released the single One More Time under a new label. Photo: Warner Music Korea
BB Girls recently released the single One More Time under a new label. Photo: Warner Music Korea

BB Girls, formerly known as Brave Girls, are ready for their K-pop moment


Evelyn Lau
  • English
  • Arabic

BB Girls are ready for a new beginning.

Formerly known as Brave Girls, the K-pop group comprising Minyoung, Youjoung, Eunji and Yuna have made a comeback on the music scene with a new name, label and song.

The four-member band released One More Time on August 3, their first single under Warner Music Korea after signing with the company in April. The jump to the label, a subsidiary of the American conglomerate Warner Music, was something the group say they were very much looking forward to.

“For our group’s new identity, we believe communication is truly important,” says Minyoung. “For this album, both Warner Music Korea and members have jointly participated in every step of the process to create something that shows all four of our colours.”

In addition to a new label, they also had to think of a new group name. The members say BB Girls encapsulates who they are and who they want to be.

“We chose a new group name that will be familiar to both the public and our fans, as we have a history,” says Youjoung. “Our name also conveys a special meaning, as BB stands for ‘breaking barriers’, which I feel is an important message for our group.”

The band debuted in 2011 with the single album The Difference under Brave Entertainment, but have undergone several changes in their more than 10 years on the music scene – including no longer having any original members.

However, the current members of BB Girls were part of Brave Girls’ most famous hit – their song Rollin’ unexpectedly went viral in 2021, four years after it was first released.

This was in part thanks to a compilation video of the band performing for the South Korean military, which became very popular. At the time, the group were considering whether to disband but decided against it after their luck changed.

“We will be forever thankful for that moment; it was a miraculous gift for all of us,” says Eunji.

They also won a number of awards that year including Best Artist Award – Singer at the Asia Artist Awards, Artist of the Year (Bonsang) at The Fact Music Awards, and Best Female Artist at the Korea Broadcasting Awards.

As their contracts ended with Brave Entertainment earlier this year, they released the song Goodbye in February as a parting message to fans – though promising the disbandment was only temporary. Only two months later, they signed with their new label while reintroducing themselves as BB Girls.

Now the band turns their focus to One More Time, for which they've just released a new dance video. They hope their fans will stick with them on their new journey.

“I hope fans will look out for every single aspect for this comeback, from the music video, choreography, visuals and more. We worked hard on every detail,” says Eunji.

Although it still feels early to figure out what is next, the group say they are always willing to take a risk especially when it comes to partnering with other acts or perhaps even going back on tour.

“We’d like to constantly try new things to show new sides of BB Girls,” says Yuna. “We are always open for any opportunities for collaboration or tours.”

For some, matching previous success can be difficult because of the high expectations. However, BB Girls say they are ready for the opportunity and are perhaps hoping for a little bit of that luck again.

“As it is our new beginning, BB Girls' goal is to clearly find and show our group’s distinct colour to people,” she says. “For a specific career goal, maybe we could say this year’s Rookie Award?”

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: August 17, 2023, 3:02 AM