After 17 years in YG Entertainment, G-Dragon has finally confirmed his departure from the agency.
Here are the details.
BIGBANG G-Dragon Parts Ways with YG Entertainment After 17 Years
The "COUP D'ETAT" singer has officially left YG according to the agency's statement.
Earlier on December 18, Korean news outlets reported that the legendary icon received an acquittal in his drug-related case, which cleared him of allegations of illegal drug use.
This was followed by the statement of Galaxy Corporation on December 20, when the agency disclosed its plans for G-Dragon in the future and elaborated on the idol's drug-related case, alongside his acquittal. However, G-Dragon will not appear in the conference.
"In response to G-Dragon's acquittal on suspicion of drug use on the 18th, Galaxy Corporation plans to summarize and elaborate the incident and clarify its position on false reports from the police, the woman involved in this case, and malicious posts."
"We will explain G-Dragon's plans for 2024."
Galaxy Corporation also shared that while it's correct that G-Dragon had a meeting with the company, there was no exclusive contract signed.
"It is true that G-Dragon had a meeting with Galaxy Corporation. However, it is false that he decided to sign an exclusive contract with the company."
Along the way, Korean news outlet Sports Seoul shared that there was a possibility of G-Dragon renewing his exclusive contract with YG Entertainment, raising questions among the K-pop community. However, YG expressed that it was difficult to comment on the matter.
"It is difficult to comment on G-Dragon's return to YG Entertainment," the agency remarked.
YG Entertainment Releases Official Statement on G-Dragon's Departure
On the same day (December 20), YG Entertainment posted a notice on BIGBANG'S official website. According to the announcement, G-Dragon will now officially leave YG after 17 years. The agency also expressed support for G-Dragon's new beginning.
Read the official statement here:
"This is YG Entertainment.
G-DRAGON has been one of our iconic artists, and we've been honored to have spent time with him since his debut with BIGBANG in 2006. We sincerely wish G-Dragon a successful start in his new chapter.
We kindly ask fans to send lots of encouragement and support to G-Dragon.
Thank you."
Wishing G-Dragon the best of luck in his future endeavors!"
G-Dragon's Exclusive Contract with YG Entertainment Expires
On June 6, YG Entertainment released a statement addressing G-Dragon's contract status. According to sources, the idol's exclusive contract under YG has expired, but the company clarified its collaboration with G-Dragon in a separate contract for his extra solo activities.
"G-Dragon's exclusive contract with us has now expired, but we are cooperating with him through a separate contract for other activities such as advertisements."
For more intriguing K-pop news and exciting updates, keep your tabs open here at KpopStarz!
