RAVE was the 2nd Korean organization to have a sponsored Heroes of the Storm team, but the team disbanded after being unable to find a replacement for Gilduck.
It shouldn't really come as a surprise, despite the doom and gloom that inevitably comes after said announcements. After promising 4th plance finishes in Season 1 of Super League and Power League, three of its five members decided to leave, and were replaced by three players from the now defunct team MVP Sky (which never had any success). Predictably, RAVE's performance in the 2nd season of Super League and Power League was not very good (failed to make it out of groups in both, including a 0 match win Super League performance). The official link is here.
The only concern is that so far, Korean esports organizations haven't by and large been willing to sponsor Heroes of the Storm teams. For example, the defending World Champions, Tempest, appear to be looking to e-sports organizations outside of Korea for a sponsorship.
They may have been successful - but that's a topic for a different article.
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