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Recent Idol Contract Renewals: What Fans Need to Know

M
DOYOURAM
2023.09.23
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In recent times, news about contract renewals of popular K-pop groups like BLACKPINK, BTS, and Red Velvet has been making headlines. While many fans eagerly await positive updates, speculative articles have also caused some apprehension. Let's delve into the current status of idol contract renewals.

 

[BLACKPINK]

BLACKPINK, one of the most globally acclaimed K-pop groups, has garnered immense curiosity regarding their contract renewals. Having debuted on August 8, 2016, their initial seven-year contract term has already elapsed. Fans anxiously awaited confirmation after the conclusion of BLACKPINK's Seoul concert tour, yet no official news has been released. However, a media outlet recently published an article that left fans uneasy. According to multiple industry insiders, member Rosé has inked a renewal contract with YG Entertainment, while Jennie, Jisoo, and Lisa are negotiating contracts with different agencies, with provisions for six months of BLACKPINK activities per year. Although this information remains unverified, fans hope for a positive announcement soon. YG Entertainment remains cryptic, stating, "There is no confirmed news regarding BLACKPINK's contract renewal; discussions are ongoing." Nonetheless, the prospect of Jennie's solo comeback has uplifted fans' spirits, hinting at exciting things to come.

 

[BTS]

On September 22, BTS member Suga became the third member to enlist in the military, following Jin and J-Hope. BTS had previously outlined plans to reunite as a complete group in 2025, making fans hopeful yet slightly anxious about contract renewals. Fortunately, those concerns were put to rest with the news of BTS's second contract renewal. Big Hit Music officially announced on September 20, "We have successfully concluded the board resolution for the re-signing of exclusive contracts for all seven members of BTS, artists under Big Hit Music." This news allows fans to eagerly anticipate the return of the full BTS ensemble in 2025.

 

[Red Velvet]

Since their debut in 2014, Red Velvet has entered the seventh year of their presumed seven-year idol contract. Although official news regarding contract renewals has not surfaced, an extended hiatus from the group led to speculations and concerns. In August, it was reported that member Seulgi had renewed her contract, but no updates were provided for the other members. However, a media outlet's article raised questions about Irene's status. The article mentioned differences in contract durations based on SM Entertainment's admission year and joining date, suggesting that Irene may not have renewed her contract, potentially delaying Red Velvet's activities. A subsequent interview with the current manager of Red Velvet, however, assured fans that preparations for a comeback were underway. The group is set to release their third full-length album in November, creating heightened anticipation among fans.

 

[SF9]

SF9's early announcement of a complete group contract renewal in 2021 alleviated fans' concerns. However, a recent announcement revealed an unexpected turn of events. On September 18, FNC Entertainment, SF9's agency, stated that while the group had renewed their contracts as a whole, member Rowoon had decided to pursue individual acting activities. Rowoon addressed fans through a heartfelt letter, expressing gratitude and apologies for any misunderstandings. SF9 and Rowoon have embarked on separate paths, but fans continue to support both endeavors.

 

In addition to the aforementioned groups, various other idol groups have faced contract renewal decisions this year. Fans hope for the best outcomes for both the idols and themselves. We look forward to witnessing the continued success and evolution of these talented artists. If there are any idol contract updates you'd like to hear about, please let us know in the comments!

If you have any specific requests or changes you'd like to make, feel free to let me know!

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