Announcement Regarding Golden Child's Exclusive Contract
Hello.
This is Woollim Entertainment.
First of all, we would like to express our sincere gratitude to all the fans who have consistently supported and loved Golden Child.
The exclusive contracts of Golden Child members LEE DAEYEOL, Y, BAE SEUNGMIN, BONG JAEHYUN and KIM DONGHYUN will come to an end on December 31st. We have had extensive and thoughtful discussions with the members of Golden Child about their future and the direction of their activities. After much in-depth dialogue, we have mutually agreed to conclude their exclusive contracts.
We would like to extend our heartfelt gratitude to Golden Child, who have been dedicated and hard-working since 2017 to present a variety of music to their fans. We sincerely wish the members of Golden Child the very best throughout the future. We also would like to thank our fans for their unwavering support for Golden Child.
We kindly ask for your continued love and encouragement for the members of Golden Child as they take their first steps into the future.
Thank you.
Announcement Regarding Rocket Punch's Exclusive Contract
Hello.
This is Woollim Entertainment.
We would like to inform you that the exclusive contracts of the artists of Rocket Punch members YeonHee, YunKyoung, SoHee, DaHyun will conclude on December 31st.
After extensive discussions with Rocket Punch members regarding their future and direction of activities, we have mutually decided to terminate the exclusive contracts.
We would like to express our sincere gratitude to YeonHee, YunKyoung, SoHee, DaHyun for being with us as our artists during this time, as well as to our fans for their continuous support.
We will always wholeheartedly support the members of Rocket Punch throughout the future.
Thank you.
Golden Child renewed their contracts in late August, with three members leaving.
Three weeks ago, they held a fan concert, but by the end of December, five members will terminate their contracts.
Jangjun and Joochan will remain.
Rocket Punch debuted in August 2019, and their contracts were originally set to expire in two years, but they terminated early.
Suyun is the only member staying.
-Is Woolim closing down their company?
-What is Woolim doing...?
-Woollim is really falling apart now.
-Hul, isn't Golden Child doing pretty well?
-Hul... Two groups all of a sudden? Does this mean Golden Child and Rocket Punch are technically disbanding?
-Is Kwon Eunbi the only one making money for them now?
-Hul... Woolim's going bankrupt?
-Huh...? Who's left in Woolim now then?
-Woollim is disappearing.
-Isn’t Eunbi also under Woollim?
-Aside from Kwon Eunbi, there’s no one left…
-So the remaining artists are Lovelyz’s Sujeong, Kwon Eunbi, Golden Child’s Jangjun and Joochan, Rocket Punch’s Suyun, and Drippin?
-I've been a Golden Child fan since before their debut. It feels so empty and bittersweet to see them end like this. I’ve supported Rocket Punch since their debut, too…
-If they can’t support them, it’s better to let them go, but… Woollim-ah, Woolim-ah...
-Is Woollim closing down...? I thought I saw that Golden Child recently renewed their contract.
-Woollim’s performance has been declining ever since Infinite left.
-I saw them 3 weeks ago... they said we'd meet again soon ㅠㅠㅠㅠ
-Are things so bad they can’t even release a final album?
-Are they closing down their business?
-If 'Be Mine' hadn’t succeeded, Woollim would have shut down ages ago.
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