YG speaks up about rumors that Blackpink will go to The Black Label

There are rumors that Blackpink will be transferred to The Black Label (a subsidiary of YG Entertainment) in 2023.

The rumors are based on multiple news reports surrounding YG Entertainment's recent decision to "restructure" the company, into a format that includes multiple labels under the larger parent branch, rather than multiple brands. activities managed by one or two brands.

Earlier on December 30, the management company confirmed that actor Kang Dong Won and boy group iKON had decided to part ways instead of renewing their contracts.

In particular, according to an exclusive media report, a representative of YG Entertainment is said to have released a statement in response to the ongoing rumors surrounding Blackpink's management.

The representative said, "I can't confirm anything regarding the news. What I can say is that our contract with the members has not ended yet. It is difficult to confirm whether they will continue to sign. with The Black Label or not after their contract ends".

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The Black Label is a record label and affiliated company of YG Entertainment, founded in 2015 by producers Teddy and Kush.