She is also following several people, like Coordi Noh, that require approval to be followed.
IU's confirmed Instagram account: link
[UPDATE] IU's former producer, Cho Young Cheol, confirmed the account on his twitter via his Instagram: link and IU replied.
Translation here: link
photo caption translation:
ee ji geum (wordplay of ‘Lee Jieun’, meaning ‘this now’) Instagram. Why does everyone add # at the back?
trans source: link
photo source: link