YG Entertainment has confirmed that they are still in negotiations for the contract renewal with BLACKPINK, according to an announcement made on November 14.
The label stated that they are currently negotiating new exclusive contracts with the artists, and the final results will be announced soon.
These negotiations have been ongoing since the expiration of BLACKPINK's exclusive contracts with YG Entertainment in August of this year.
While there have been media reports suggesting that Rose is the only member who has renewed her contract with YG, there has been no official update on the status of Jisoo, Jennie, and Lisa.
This lack of information has led to speculation among Korean netizens, who have been sharing their thoughts and theories online.
Some netizens believe that YG Entertainment has failed to renew the contracts, while others speculate that the announcement is being delayed for various reasons.
One theory suggests that the group has renewed their contract for group activities with YG, but may be pursuing individual activities elsewhere.
Another theory proposes that YG is holding out on announcing the renewals until the debut of their new group, Baby Monster. Some netizens feel that YG is mishandling the situation and should let the girls go if they are unable to handle their careers effectively.
Others question whether negotiations are still ongoing, and whether the announcement will be made before the end of the year.
YG Entertainment's statement regarding the negotiations is the first update on the status of BLACKPINK's contract renewal in two months.
Fans and netizens are eager for more information and are eagerly awaiting the final results of these negotiations, which will determine the future of the popular girl group.
