On June 3, a representative of LOEN Entertainment shared, “We have recently completed a contract renewal with IU, who has stayed with us for the past 7 years.”
IU’s exclusive contract with LOEN Entertainment will be expiring this coming June 9. However, the singer has already wrapped up the renewal of her contract early, and it is even a dit that she chose not to receive the deposit for her new contract.
Meanwhile, IU is currently appearing in KBS’ drama “Producer.”
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