Wendy and Yeri of girl group Red Velvet will not renew their contracts with agency SM Entertainment, the company said Friday.

Red Velvet’s Wendy and Yeri are set to embark on a new chapter of their lives. After over a decade of being under SM Entertainment, the K-pop stars have decided to part ways with the agency.

Wendy of the girl group Red Velvet shared her feelings about leaving the company as her exclusive contract with SM Entertainment has ended. On the morning of 4th, Wendy expressed her wishes to ...