According to a report from StarNews Korea, Red Velvet’s Irene is reportedly not renewing her contract with SM Entertainment.
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The report states that Irene has been in talks with SM Entertainment for months, but the two sides have been unable to reach an agreement. It is unclear why Irene is choosing not to renew her contract, but it is possible that she is interested in pursuing other opportunities. This is thought to be the reason why Red Velvet has not released any new music or performed since their world tour in June 2023.

SM Entertainment has only confirmed that Seulgi has renewed her contract, and it is expected that the other members of Red Velvet have different contract lengths. SM Entertainment has not yet commented on the contracts of Irene, Wendy, Joy, or Yeri, but the group did hint in a live stream in August that they were preparing to release their third full album.

Irene is one of the most popular members of Red Velvet being the group’s leader and visual, and her departure from SM Entertainment would be a major blow to the group.

SM Entertainment has not yet commented on the report.
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