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K-pop singer-rapper Psy ends contract with YG

All Headlines 17:38 May 15, 2018

SEOUL, May 15 (Yonhap) -- K-pop singer-rapper Psy has parted ways with his agency of eight years, YG Entertainment said Tuesday.

"We have decided, through a deep conversation, to end the contract to respect Psy's thoughts on taking on new challenges," the company said in a statement.

The singer has led a successful music career with the label, which culminated in the breakout success of "Gangnam Style" in 2012.

"Our close relationship with Psy will continue forever regardless of a contract. We will support his new start," it said.

Psy is expected to found his own management firm.

South Korean singer Psy poses for a photo during a publicity event in Seoul on May 10, 2017, to unveil his eighth album featuring 10 songs, including the title track "New Face" and the first track "I Luv It." (Yonhap)

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