FNC Entertainment has responded to reports on Yoo Jae Suk’s contract.

Yoo Jae Suk signed with FNC Entertainment on July 16, 2015. A news outlet reported on June 5 that his contract will expire on July 16, 2018. He is reportedly in discussion for various options including renewing his contract or moving to a different agency. The news outlet also brought up the possibility of setting up a one-man agency as he previously did so for about five years.

In response to the reports, FNC Entertainment commented, “It is difficult to check on his specific contract details,” and added, “We will be able to announce whether he is renewing and other details later on.”

All eyes are on Yoo Jae Suk’s next move, especially as his decision will likely have a significant effect on stocks.

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