Wendy and Yeri of Red Velvet have decided not to renew their contracts with label SM Entertainment.
The management firm announced Friday that their contracts have concluded, but they will stay with the group and the firm will continue to support group activities.
Yeri released a message the previous day hinting at the news and promising that she would stay true to her fans.
The three other band members are staying with the label. Joy signed a contract in January, following Seulgi and Irene in 2023 and 2024, respectively.
The quintet debuted in August 2014. Its most recent full-group effort is the EP “Cosmic” in June last year, which was released to mark the 10th anniversary of the girl group's debut. The mini album debuted on the Billboard 200 at No. 145, becoming its first entry on the main albums chart. It also topped iTunes top albums charts in 50 regions.
glamazon@heraldcorp.com
