According to the music industry, group B1A4 has ended its exclusive contract with WM Entertainment Inc. on the 23rd following their 7th anniversary debut.
WM has mentioned they have not signed anything as yet.
However, they have agreed to extend the contract until the end of June 2018.
B1A4 boys debuted in 2011 while producing hit songs such as 'What's Happening?' and 'A Lie'. The songs were popular with elementary school students which literally turned them into 'Super Presidents'.
Among the 5 member group, Jin Young has proven the most successful and outstanding ability in producing and writing songs. He has also ventured into drama acting as well.
As the contract will be expiring soon, some rumours have been circulated that several members will be moving to different companies. In July 2009, the Korea Fair Trade Commission (KFTC) enacted the standard terms and conditions of exclusive contracts for entertainers, including the fact that exclusive contracts between entertainment companies and performers can not exceed more than 7 years.
As a result, it looks like the idol group's crisis is five to seven years in common with the renewal period.
As for the individual activities of the members are gradually increasing and the attention has also changed, it is the music industry that are unable to balance the members in the agency.