Is T1 out LCK? And have no chance to go world?

Yesterday I watched HLE Vs T1 and t1 lost
(Question is on the title)
You can explain format if you want. I'm new to it

it's like kickoff

Tf u mean no chance for worlds

No, T1 is just out of LCK cup which is like kickoff equivalent of League. The winner from LCK cup will go for an event similar to masters called First stand and whoever wins that event, the region gets a 2 direct invite to MSI which is like a mid season champs. First stand has lesser team like masters bangkok. The main split will start post first stand for which team will compete for 2 spots in MSI.