As per a report in the Kpop Herald the girl group Blackpink, will be ending their exclusive contract with their label, YG Entertainment and changing their management label to THE BLACK LABEL, which is an associate company under YG Entertainment.
Meanwhile, reports also state that Boy group iKON’s current members Kim Jinhwan, Bobby, Yun Jun Hyeong, Kim Dong Hyuk, Koo Jun Hoe, and Jung Chan Woo, have all decided to part ways with YG Entertainment following their contract expiration. According to a statement by the agency on their official website, they will still be a part of the group and communicate with the fans through earlier social media channels.
YG Entertainment released a statement that said, “Hello, this is YG entertainment. We would like to inform you that after a long discussion with the members of iKON (Kim Jinhwan, BOBBY, Song Yunhyeong, Koo Junhoe, Kim Donghyuk, and Jung Chanwoo) about future activities, we have agreed to respect each other`s opinions and terminate the exclusive contract upon expiration of the contract period. The 6 members of iKON will continue their activities as the group `iKON`. In addition to that, they will continue communication with iKONIC through their official SNS (social media accounts) including the official fan community platform Weverse as usual. We sincerely thank iKON who has been with us as an artist until now. We look forward to supporting iKON`s activities in various fields in the future. We would also like to thank iKONIC who have been with us for iKON’s journey. We hope you can send your unchanging interest and encouragement to the members for their new start. Thank you.”
Actor Kang Dong Won who has been with YG entertainment for 6 years has also decided to not renew his contract so have BIGBANG members Daesung and Taeyang.
Also Read: Big Hit Music releases 20 photos of BTS’s Taehyung aka V on his birthday
