Article: iKON leaves YG after 7 years "Exclusive contract expires" [Official Position]
Source: SPOTV News
iKON will be leaving YG Entertainment.
On the 30th, YG Entertainment released an official statement and stated, "After long discussions with the iKON members (Kim Jinhwan, Bobby, Song Yun-hyeong, Koo Junhoe, Kim Donghyuk, and Jung Chanwoo) about future activities, we have decided to respect each others opinions and agreed to terminate their exclusive contract upon expiration of the contract period."
"We sincerely thank iKON for being with us as an artist. We look forward to and support their activities in various fields in the future. Please continue to show interest and encouragement to the members who are about to start anew."
As a result, iKON has parted ways with YG Entertainment 7 years after their debut in September 2015.
Meanwhile, other artists including Big Bang members TOP, Daesung, and Taeyang as well as actor Kang Do-won also recently left the company due to expiration of their exclusive contracts.
iKON is also drawing attention as they also decided not to renew their contracts.