Major K-pop groups approach renewal talks

The length and terms of K-pop groups’ exclusive contracts with their agencies are rarely disclosed to the public, particularly when it comes to renewal deals. Most groups sign an initial seven-year contract, in line with the Fair Trade Commission’s standard contract for entertainers. However, second and third renewals tend to follow far more flexible timelines, varying by group and even by individual member. In many cases, groups opt for shorter renewal terms of around three years, while individ