On December 6 KST, YG Entertainment, the agency of K-pop sensation BLACKPINK, made an announcement stating, “We have successfully reached an agreement within our board of directors regarding the signing of exclusive group contracts for all four members of BLACKPINK, our esteemed artists.”

BLACKPINK’s contract negotiations with YG Entertainment have been ongoing since their previous contracts expired in August. While the decision was made to continue group activities, individual contracts for each member have yet to be finalized. Notably, according to Munhwa Ilbo, two members, including Lisa, have already chosen to part ways with YG Entertainment, while discussions with the remaining two members are still in progress.

BLACKPINK wrapped up their highly successful world tour, ‘Born Pink,’ in September. The tour drew an impressive 1.8 million attendees, generating cumulative sales nearing 300 billion won. Even without individual exclusive contracts in place, it is expected that YG Entertainment and each member will continue to reap substantial profits from BLACKPINK’s group activities.