Members Wendy and Yeri of the group Red Velvet are leaving SM Entertainment.
SM Entertainment announced on the 4th, "We would like to inform you that the exclusive contracts between our company and Wendy and Yeri have ended."
They added, "The time spent with Wendy and Yeri, who have been active not only as a group but also in various fields as solo artists since their debut as Red Velvet, has been a great joy for us. We will cherish all the moments we have built until now and sincerely support Wendy and Yeri in their new beginnings."
The SM side noted, "Additionally, Wendy and Yeri are scheduled to continue their group activities as members of Red Velvet, and we ask for your continued expectations for the dazzling journey of Red Velvet that will unfold."
Previously, Red Velvet members Seulgi, Irene, and Joy announced they had renewed their contracts with SM Entertainment.
The following is the full official statement from SM Entertainment.
Hello, this is SM Entertainment.
We would like to inform you that the exclusive contracts between our company and Wendy and Yeri have ended.
The time spent with Wendy and Yeri, who have been active not only as a group but also in various fields as solo artists since their debut as Red Velvet, has been a great joy for us.
We will cherish all the moments we have built until now and sincerely support Wendy and Yeri in their new beginnings.
Additionally, Wendy and Yeri are scheduled to continue their group activities as members of Red Velvet, and we ask for your continued expectations for the dazzling journey of Red Velvet that will unfold.
We deeply appreciate the unwavering love you have shown to Wendy and Yeri, and we hope you will extend your warm interest in the paths of these two members as they start new challenges in their respective places.
Thank you.
[Photo] OSEN DB.
[OSEN]