As per a report in the Kpop Herald the girl group Blackpink, will be ending their exclusive contract with their label, YG Entertainment and changing their management label to THE BLACK LABEL, which is an associate company under YG Entertainment.

Meanwhile, reports also state that Boy group iKON’s current members Kim Jinhwan, Bobby, Yun Jun Hyeong, Kim Dong Hyuk, Koo Jun Hoe, and Jung Chan Woo, have all decided to part ways with YG Entertainment following their contract expiration. According to a statement by the agency on their official website, they will still be a part of the group and communicate with the fans through earlier social media channels.