YG Entertainment is gearing up to debut a new girl group.

On February 27, SPOTV News reported that the agency is working to launch a new girl group in the second half of the year. YG Entertainment has reportedly finalized the group members and recently signed artists contracts with them.

In response to the reports, YG Entertainment commented, “It is true that we are planning a new girl group,” and explained, “The exact details will be revealed through an official announcement later on.”

The agency added, “We are currently focusing on new album preparations for BLACKPINK and WINNER.”

YG Entertainment is also preparing for the new boy group TREASURE to debut this year.

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