Popular Korean girl group "TWICE" just reported on the 14th that Tzuyu and Chaeyoung would not be renewing their contracts with "JYP Entertainment." Shortly after, Korean media further revealed that Jihyo, who has been with the company for 21 years, is also confirmed to leave JYP and will be setting up her own personal studio to embark on a brand new solo career.
According to comprehensive Korean media reports, several figures in the music industry revealed that Jihyo recently decided not to sign an individual exclusive contract with JYP. She is currently in talks with people in the industry, discussing the possibility of starting a one-person agency, hoping to pursue a career with more personal characteristics. However, reports indicate that Jihyo is not completely leaving TWICE. As the leader of TWICE, she has spent 21 years at JYP and intends to adopt the "separate contract for individual and group activities" model in the future—working with JYP for group work, while handling her own solo activities.
News Source: NOWnews Today News Entertainment