K-pop group Weeekly’s exclusive contract terminated
IST Entertainment issued a statement on Feb. 26, saying, “We would like to convey our official position regarding the termination of our exclusive contract with Weeekly members (Lee Soo-jin, Monday, Park So-eun, Lee Jae-hee, Ji-han, and Zoa) and their future activities.”
“After a long discussion with the members regarding their future activities, we have come to an agreement to terminate the exclusive contract while respecting each other’s opinions,” the agency said.
Weeekly (Instagram)
It added, “We would like to once again express our sincere gratitude to the members who have been with us as our artists and to the fans who have been with us on our journey, which has been more shining and warm than anyone else. We ask for your continued love and encouragement for Weeekly members (Lee Soo-jin, Monday, Park So-eun, Lee Jae-hee, Ji-han, and Zoa), who will continue to be active in various fields in the future.”
Weeekly debuted in June 2020 with the album “We Are.”
IST Entertainment is a planning company owned by Kakao Entertainment. Earlier this year, music rights investment company Beyond Music acquired a 100 percent stake in the company. The termination of Weeekly’s contract was conducted without a transfer of the contract, Korean media reported.
