The most shocking news in Kpop today is probably the fact that all GFriend members did not renew their contract with Source Music.
Today (May 18), an exclusive report from Tenasia reported that GFriend will soon disband. The main reason is because all members of the group have decided not to renew their contract with Source Music. Other than this information, Tenasia did not reveal any more details about the incident.
Immediately after the Korean media heavily reported, Source Music’s side had a confirmed response on the same day of May 18. Accordingly, the company officially announced that GFriend will actually leave the company after they could not reach an agreement on the contract extension. Source Music also said that the members have agreed to go their separate ways and that the company will continue to cheer for them in the future.
The agency official statement:
GFriend debuted in 2015 and quickly became one of the top 3rd generation Kpop girl groups thanks to their diverse concepts as well as the members’ excellent vocal and dance skills. The last time the group had a comeback was on November 9, 2020 with the album ‘回:Walpurgis Night’ and the title song ‘Mago’.