Soyeon has been put in the limelight due to rumors of the idol joining KOZ Entertainment and HYBE Labels amid contract renewal discussions with Cube.
On August 8, Korean news outlet Ilgan Sports released an exclusive report detailing Soyeon being rumoredly courted by numerous labels including KOZ Entertainment from HYBE.
According to sources, rumors already arose prior to Soyeon's controversial performance that prompted the reactions of Neverlands, Cube Entertainment's official statement, and Soyeon's clarification on social media.
Read also: (G)I-DLE Soyeon Gets Criticized After Making THIS Joke - Cube Entertainment Drops Official Statement
One of these rumored agencies was Zico's company KOZ Entertainment. The sentiments were based on the interactions of Soyeon and Zico in the past. This includes Soyeon's appearance at KBS2's "The Seasons - Zico's Artist." which made buzz across the K-pop community.
Reports also stated that KOZ Entertainment wasn't the only company looking out for Soyeon.
There are also rumors that Big Planet Made Entertainment has also been showing great interest in the fourth-gen K-pop icon. Big Planet Made Entertainment is home to SHINee Taemin, VIVIZ, BADVILLAIN, Lee Mujin, BE'O, and Ren.
Read also: (G)I-DLE Soyeon's Exclusive Contract Confirmed To End In November + Cube Discusses Idol's Renewal
The outlet also shared that Soyeon would most likely take her time and not rush because of her existing contract with Cube.
Here's how netizens reacted to the update:
In other news, Cube Entertainment released an official statement confirming the conclusion of Soyeon's contract in November. The agency first acknowledged the noise Soyeon's "Is this bad b****** number?" made on social media.
Cube apologized for the inconvenience caused to Soyeon and fans who have always supported (G)I-DLE. The agency announced that it was aware of the performance ahead of time. It then confirmed that Soyeon's contract will end in November, as stated in her performance.
However, Cube revealed that there was an ongoing discussion regarding Soyeon's possible contract renewal.
"The time mentioned (in the performance) is when Soyeon's contract ends," Cube shared. "We are thoroughly discussing the renewal of her contract."
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Read also: (G)I-DLE Soyeon Addresses Rumors About Her Leaving CUBE Entertainment: 'There Are No Hard Feelings'
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Written by Israel Monte