Industry insiders speculate that BIGBANG will remain with YG Entertainment, even after their contract expires. According to an exclusive report published by Sports Chosun, the K-pop quintet is approaching their contract renewal date, which has impacted advanced scheduling.

“As the members have yet to renew their contracts, it has been difficult to plan their schedule, for the next year,” said an unnamed source, who works closely with the group.

The article followed increased rumors circulating about the popular boy band, who would become free agents. if they did not renew their contracts with YG. However, the specific terms of their agreements, including the expiration dates of the contracts for each member, have yet to be confirmed by the agency.

Sports Chosun went on to examine the customary progression of exclusive contracts, as they pertain to K-pop stars. According to the article, most artists begin to negotiate the terms of their agreements up to six months before the contract expires. This provides agencies and other companies who are associated with the acts, such as endorsements, adequate time to prepare for any adjustments. 

The unnamed source went on to discuss the relevance of their contract renewal and international promotions.

“BIGBANG has yet to determine next year’s international schedule,” said the source. 

As one of the leading acts on YG Entertainment, BIGBANG has served as global ambassadors for K-pop. Their large-scale North American MADE tour, garnered attention from top mainstream publications including the New York Times.

BIGBANG debuted in 2006, with the group celebrating nine successful years in Korean entertainment in August 2015. 

Sports Chosun concluded the article on a positive note. While YG has yet to issue an official response, sources close to the agency told Sports Chosun, there was “close to 100 percent probability,” that BIGBANG would renew their contracts with YG Entertainment. 

Source KPOPSTARZ