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BLACKPINK girls confirm Contract Renewal, preparing New Album, Another World Tour,

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00:00 Finally, the negotiation for contract renewal has come to an end.
00:03 On December 6, Yonhap News Agency exclusively reported that Blackpink has renewed its contract
00:09 with YG to continue group activities.
00:11 Immediately following the announcement, YG confirmed the news of their contract renewal
00:15 in a statement to the media outlet Ilgen Sports.
00:18 YG Entertainment has also promised that Blackpink plans to repay the love of fans around the
00:23 world with activities commensurate with their global status, such as releasing a new album
00:27 with YG's full support, as well as embarking on another large-scale world tour.
00:33 In response to this announcement, the stock value of YG immediately skyrocketed.
00:38 In the midst of joy, YG's founder Yang Hyun-suk expressed his excitement by stating,
00:42 "I am happy to be able to continue my relationship with Blackpink.
00:46 In the future, Blackpink will do their best to shine even brighter in the global music
00:50 market and as K-pop artists.
00:51 I will provide them full support and trust in what they do."
00:54 This confirmation comes after months of speculation about whether the Blackpink members would
00:59 leave YG or not.
01:01 It is essential to note that this new contract is exclusively for group activities.
01:05 YEE also confirmed to YUNHAP that they are still negotiating individual contracts with
01:10 each member.
01:11 Consequently, there is a possibility that the members may sign contracts with another
01:15 company for their individual activities without being bound by YG.

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