JAKARTA - Like lightning in broad daylight, GFRIEND reportedly did not renew their exclusive contract with the Source Music agency.
On Tuesday, the agency said their contract would end on May 22.
"After careful consideration and discussion, GFRIEND and Source Music reached an agreement to separate," Source Music said, as reported by Sports Chosun.
Source Music explained, GFRIEND received a lot of support during their six years career. For that, they thank BUDDY (GFRIEND's fan name) for the love they have given so far.
"Source Music will always support the members with their new careers."
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This official statement shocked fans. The reason is, so far GFRIEND has been active both in terms of promotion and non-music activities.
On the other hand, fans found that Source Music registered the patent rights for the Hangul and English versions of the name GFRIEND with the Korean Intellectual Property Office. This has been done since GFRIEND debuted in 2015.
As a result, fans suspect that Sowon, Yuju, Yerin, Eunha, Umji, and SinB cannot promote under the name GFRIEND outside of the Source Music agency.
Until now, GFRIEND members have not made any statements.
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