Red Velvet’s Irene to reject contract renewal with SM Entertainment according to reports

The Kpop industry has always been involved in cases of hiring, sales and renewals, as the industry is so advanced that it is often known the business models that idols have in front of their companies, making it public when a person will continue to be part of a company.

Idols are among the most important celebrity figures nowadays, since k-pop has become an indispensable genre in the entertainment industry, as the faces become so important that hundreds of brands want to be part of the great phenomenon, making the possibilities for celebrities very big, and that could be the case of one of the members of the famous girl group Red Velvet, and we are talking about the beautiful Irene.

Red Velvet’s Irene to reject contract renewal with SM Entertainment according to reports

According to reports from ‘Star News Korea’, Irene is not planning to renew her contract with SM Entertainment. This might be mainly because the band Red Velvet has not participated in any group activities since June this year, with their last performance being at the ‘R to V’ concert in London.

In addition, it was mentioned that the only young girl who had confirmed her renewal with SM was Seulgi, who joined the girl group for another season. This is because each member of Red Velvet joined the company at different times, so each contract is different.

It is not yet known specifically what Irene’s reasons are for not wanting to renew her contract with the major company, but rumors have already begun to surface, indicating that she possibly has a much juicier offer coming her way.