GFRIEND will be parting ways with Source Music.

On May 18, it was reported that the six members did not renew their contracts with Source Music and will be going their separate ways.

Following the report, the agency released the following statement:

Hello. This is Source Music.

The exclusive artist contract with GFRIEND and Source Music will conclude on May 22.

After careful consideration and extensive discussion, GFRIEND and Source Music have come to an agreement to follow separate paths to continued growth.

For the past six years, GFRIEND has won the boundless love of K-pop fans through a wide range of concepts, performances, and songs that marked a new generation of girl groups and music.

We would like to express our sincere and heartfelt gratitude to GFRIEND who has allowed Source Music to accompany them on their journey.

We would like to deeply thank all BUDDY and fans who have shown your love for GFRIEND, and we ask that you give your unchanging love and support to the members who will begin their adventures in new and diverse areas.

Source Music will always continue to cheer for the members as they take the first step towards new beginnings.

Thank you.

Source (1) (2)