BLACKPINK is reportedly leaving YG Entertainment.

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Blackpink is leaving the multinational entertainment agency to favor its own label.

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A tweet by Koreaboo confirmed the departure of Blackpink from YG Entertainment.

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Koreaboo tweeted, "(★BREAKING) BLACKPINK Will Reportedly Leave YG Entertainment In Favor Of THE BLACK LABEL"

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The South Korean all-girl band is reportedly changing its label to The Black Label.

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As per the recent reports, The k-pop group will finalize the shuffle in the early days of 2023.

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The Black Label is also an affiliated agency of YG Entertainment.

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The Black Label is founded by Teddy, and YG Entertainment also holds 20-50% of control over its subsidiary agency.

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Earlier, another K-pop group Ikon announced their departure from YG Entertainment.

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All 6 members of Ikon are leaving YG Entertainment after 7 long years.

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