SM Entertainment has officially announced that Red Velvet’s Wendy and Yeri have parted ways with the company.
The group’s social media accounts shared the following statement:
“Hello, this is SM Entertainment.
We would like to inform you that our exclusive contracts with Wendy and Yeri have concluded.
Since their debut as part of Red Velvet, Wendy and Yeri have been actively promoting both as part of Red Velvet and as soloists in their various fields. We have had so much happiness during our time together.
We will cherish all of the moments we have spent together and we sincerely support Wendy and Yeri as they move on to the next chapters of their careers.
In addition, Wendy and Yeri will continue to participate in Red Velvet’s group activities so please look forward to Red Velvet’s bright future.
We sincerely appreciate the generous amounts of love and support you have shown to Wendy and Yeri. Please continue to support them in their new challenges in their respective fields.
Thank you.”
Previously, Yeri sent messages to her fans, hinting that news would be announced soon. She also expressed her gratitude to them for always standing by her side.
Wendy has since written a letter to Red Velvet fans, thanking SM Entertainment for everything they’ve made possible for her, expressing gratitude to her members for supporting her decision to take on new challenges on her own, while also showing appreciation to her fans
It was previously reported that Seulgi, Irene, and Joy had renewed their contracts with SM Entertainment.
