YG Entertainment denies report some Blackpink members leaving label

Photo: Handout

Shares of YG Entertainment Inc closed down more than 13% on Thursday after a media report that some members of South Korean K-pop girl group Blackpink (pic) are not renewing their contracts with the label.

Some Blackpink members have decided to leave YG Entertainment, while only one member has renewed her contract with the agency, local media outlet The Daily Sports Seoul reported, citing unidentified entertainment industry sources.