Red Velvet members Wendy and Yeri will be leaving their agency SM Entertainment.
On the 4th, SM announced, "We inform you that the exclusive contracts with Wendy and Yeri have ended." The other members of Red Velvet, Irene, Seulgi, and Joy, have already completed their contract renewals.
SM continued, "The time spent with Wendy and Yeri, who have been active in various fields as both group members and solo artists since their debut with Red Velvet, has been a great happiness for us," and added, "We will cherish all the moments we have built together and sincerely support Wendy and Yeri in their new beginnings."
Additionally, "Wendy and Yeri are scheduled to continue their group activities as members of Red Velvet with us," and they requested, "Please look forward to the dazzling journey of Red Velvet that will continue to unfold."
Debuting in 2014, Red Velvet has numerous hit songs including "Happiness," "Ice Cream Cake," "Red Flavor," "Psycho," "Feel My Rhythm," "Queendom," and "Cosmic."
Wendy serves as the main vocalist, while the youngest member Yeri is active as both a singer and an actress.
<Below is the full statement from SM Entertainment>
Hello, this is SM Entertainment.
We would like to inform you that the exclusive contracts with Wendy and Yeri have ended.
The time spent with Wendy and Yeri, who have been active in various fields as both group members and solo artists since their debut with Red Velvet, has been a great happiness for us.
We will cherish all the moments we have built together and sincerely support Wendy and Yeri in their new beginnings.
Furthermore, Wendy and Yeri are scheduled to continue their group activities as members of Red Velvet with us, and we ask for your continued expectations for the dazzling journey of Red Velvet that will continue to unfold.
We deeply appreciate the unwavering love you have shown to Wendy and Yeri, and we hope you will send warm interest in the paths of the two members as they begin new challenges in their respective places.
Thank you.
