Dispatch had previously reported that the seven members of GOT7 would not be renewing their contracts with JYP Entertainment.
On January 11, JYP Entertainment released a statement to officially announce GOT7’s departure.
Read the full statement below.
"Hello. This is JYP Entertainment.
JYP has held thorough discussions with the GOT7 members ahead of the expiration of their exclusive contract on January 19.
As a result, both sides have agreed not to renew the contract while hoping for a fresh future.
GOT7 has performed exceptionally as a global idol group that represents K-pop since their debut on January 16, 2014.
We genuinely thank GOT7 for being part of the growth of K-pop and JYP, as well as I GOT7 and all fans who have been a source of motivation to GOT7’s activities with their endless support since their debut.
Our official relationship ends here, but JYP will sincerely cheer on the new future that the GOT7 members will advance into."
Source: soompi via naver