They will discuss contract renewal soon.





One of the most "frightening" things for K-pop fans might be contract renewal. Yes, unless all of the members agree to renew their contract, there will be a high possibility for one group to crumble. These groups will need to talk about their contract renewal with their agencies soon.









Image Source: SM Entertainment





As you might have known, contracts in K-pop usually last for 7 years. This means any group debuted in 2014 need to decide whether they will extend the contract or not. Several groups that debuted in the year are Red Velvet, WINNER, GOT7, Lovelyz, MAMAMOO, Laboum, as well as Akdong Musician.





Currently, fans are waiting for updates from their agencies about the contract renewal.









Thumbnail Credit: SM Entertainment, YG Entertainment, JYP Entertainment





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