SM Entertainment could be losing an important talent. A new report suggests that there is a possibility that Irene will not renew her contract with the agency. If this is the case, the RED VELVET leader could be planning to sign with a different company.
RED VELVET Leader Irene Reportedly Reconsidering Contract Renewal
Recent reports have sparked speculation that Irene may choose not to renew her long-standing contract with SM Entertainment. These rumors have also been linked to the extended hiatus of RED VELVET. The group’s last activity was in June 2023 when they concluded their ‘R to V’ World Tour.
This is troubling news for fans considering that there has only been one member confirmed to stay with SM Entertainment. So far, only Seulgi’s contract renewal has been officially confirmed by the label. Needless to say, fans are curious about the contract statuses of other RED VELVET members.
While SM Entertainment has remained silent regarding Irene, Wendy, Joy, and Yeri‘s contract negotiations, the group had previously hinted at their preparations to release their third full album during a livestream held earlier in August. This cryptic message added to the intrigue surrounding the group’s future plans.
The uncertainty surrounding Irene’s contract decision and the undisclosed status of the other RED VELVET members’ agreements have left fans eagerly awaiting official updates from the label, as they hope for the beloved group to continue their musical journey together. Stay tuned for more updates on this story.
Irene recently made headlines when she took on the role of the new muse for 2aN, a Korean makeup brand’s Japanese branch. Irene’s comeback with a new brand endorsement comes after a three-year hiatus from such engagements. Within hours of the announcement, products featuring Irene as a model began flying off the shelves, with several items quickly selling out.
