This Wednesday, the 18th, SM Entertainment confirmed that OF, a member of EXO, is leaving the company. The information was recognized after South Korean broadcaster JTBC reported that the idol would be leaving SM, with the intention of signing with a new agency founded by his longtime manager, who has been by his side since his debut.
Despite their departure from the company, EXO-Ls need not worry as they KyungSoo(his real name), will continue his activities as a member of EXO. In a statement, SM Entertainment said:
“DO’s exclusive contract with us will expire in early November. After in-depth discussions with DO, it was decided that he will continue his EXO activities with SM, but will continue his individual and acting activities through the newly created agency founded by him and SM’s former manager.” (via Soompi).
In addition to OFanother member of EXO who also left SM Entertainment was Laywho ended his contract in April 2022. Through a handwritten letter published on his social networks, the idol revealed the news saying:
“10 years of growth. Thank you all. Thank you to my brothers in EXO for your company and encouragement. Thank you to my colleagues in SM for witnessing every step of my growth and achievements. Thank you to all my fans for their unconditional love and support . It’s time to say goodbye as an SM professional. It’s also a new beginning for me as a 30-year-old man. But I will always be Lay when my members need me. I’m your family in China, Zhang Yixing. I love you forever”.
It is worth remembering that, in recent days, rumors have also emerged that Sehun It is Chanyeol they would also be leaving SM. The rumors were reported by SBS Entertainment News (via Soompi), where entertainment industry experts stated that the idols had settled with a new agency founded by Jung Hoon Takformer CEO of entertainment agency iHQ and consultant to the Korea Entertainment Management Association.
The portal also stated that the idols had reached an agreement with SM, where they would maintain their activities as members of EXO in the company, while the other agency would take care of their individual ventures.
The information was denied by SM Entertainment moments after the release of the content where, through a note, a representative said: “It is not true that Chanyeol It is Sehun moved to a new agency. The contracts that EXO members signed with SM Entertainment at the end of last year remain valid and EXO’s activities will continue under SM Entertainment. However, with regard to members’ individual activities, we conditionally allow them to proceed through their own established companies, if they wish, within the terms of their existing exclusive contracts with SM.”
Source: Recreio
