What is "i.b.i"

I.B.I (; also known as IBI) is a South Korean project girl group formed by LOEN Entertainment in 2016, consisting of five eliminated contestants from the 2016 Mnet survival show Produce 101. The group will be promoting under LOEN Entertainment while still under their respective companies, similar to the winners of the show and its product girl group, I.O.I.

The group debuted on August 18, 2016 with the single "MOLAE MOLAE ".