On March 10, Mnet released the following statement:
“Hello. This is Mnet.
Ahead of the conclusion of the “IZ*ONE” project, Mnet, Swing Entertainment, and Off The Record have held discussions and listened to the opinions of each agency for the best activities the 12 members can carry out.
The activities of project group IZ*ONE, which debuted in 2018 with the album “COLOR*IZ” and grew into a girl group that represents Asia and is loved not only in Korea but also around the world, will come to a close in April as planned.
A two-day online concert “ONE, THE STORY” will be held on on March 13 and 14 with the fans who love IZ*ONE.
Mnet, Swing Entertainment, and Off The Record express our gratitude to the 12 members of IZ*ONE who showed their best, and we will continue to support them as artist so that the fantastical story they created together can continue on.”
IZ*ONE was formed as a project group through Mnet’s idol survival show “Produce 48.” The group debuted in October 2018 as a temporary group that would promote for two and a half years.
Source: U.Kim at Soompi, Naver