In a recent report from Star News Korea, speculations are circulating that Red Velvet's Irene may choose not to renew her contract with SM Entertainment. This revelation has left fans in a state of concern regarding the future of the beloved K-pop group.

The basis for this speculation stems from Red Velvet's noticeable absence from group activities since June 2023 when they held their R to V concert in London, England.

Furthermore, the group has not released any new music since December 2022. These factors have led to growing rumors regarding Irene's intentions regarding her affiliation with SM Entertainment.

Contract Renewals: A Puzzling Silence 

One point of intrigue raised by Star News Korea is the distinct silence surrounding contract renewals within Red Velvet. While Seulgi's contract renewal was publicly confirmed by SM Entertainment, no such statements have been made for Irene, Wendy, Joy, or Yeri. This lack of clarity has fueled speculation.

The complexity of the situation arises from the fact that each Red Velvet member joined the company at different times, with Yeri debuting with the group at a different date than Seulgi, Wendy, Irene, and Joy.

Adding to the uncertainty is the revelation that each member has the option to explore other agencies three months before the expiration of their contract.

READ ALSO:Red Velvet Irene Earns People's Ire After Hanging Out With THIS Former SM Rookie 

This means that even though Seulgi, Wendy, Irene, and Joy initially debuted together, they could potentially have varying contract expiration dates.

Despite the group's announcement in August that they were actively working on their third full album, Star News Korea's report has cast a shadow of doubt over the planned promotions.

The lack of an official statement from SM Entertainment regarding the contract status of Irene, Wendy, Joy, or Yeri has only fueled fans' anxieties and speculations.

As the situation unfolds, the K-pop community remains on edge, awaiting official word from both Red Velvet's Irene and SM Entertainment regarding her contract renewal. The future of one of K-pop's most beloved groups hangs in the balance, leaving fans and industry insiders eager for clarity in these uncertain times.

Meanwhile,Red Velvet Irene captured people's attention with her return to the CF industry after about three years. 

READ THE FULL STORY HERE: Red Velvet Irene Returns as 'CF Queen' for Indonesian Brand, Sparks Mixed Reactions 

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Cassidy Jones wrote this.