YG Entertainment sees shares end down 13%, denies report some BLACKPINK members leaving label (updated)

YG Entertainment

21/09/2023 08:00

(adds statement from YG Entertainment)
       SEOUL, Sept 21 (Reuters) - Shares of YG Entertainment
Inc  122870.KQ  closed down more than 13% on Thursday after a
media report that some members of South Korean K-pop girl group
BLACKPINK are not renewing their contracts with the label.
    Some BLACKPINK members have decided to leave YG
Entertainment, while only one member has renewed her contract
with the agency, local media outlet Sports Seoul reported,
citing unidentified entertainment industry sources. 
    In a statement, the agency said talks to renew the members'
contracts are still ongoing and nothing has been confirmed.
        For months, there has been speculation that Thai-born
member Lisa might break away from the group and pursue a solo
career.
  
        The group embarked on a worldwide Born Pink World Tour
in October which came to an end in South Korea this month,
performing over 60 shows across the world.
  
    

 (Reporting by Heekyong Yang, Hyunsu Yim; Editing by Kim
Coghill)
 ((Heekyong.Yang@thomsonreuters.com;))