According to reports, the terms of the contract were not agreed upon, leading to a failure in resigning the members. All the members will reportedly leave the company.
No additional information was given by Tenasia. Source Music has yet to issue an official statement concerning the matter.
GFRIEND debuted on Jan. 15, 2015, under Source Music. The group debuted with the mini-album “Seasons of Glass,” which contains their debut song “Glass Bead.”
Despite coming from a small and unknown company, “Seasons of Glass” debuted at number 12 on the Gaon Weekly Album Chart.
That same month, the music video for “Glass Bead” ranked at number nine on YouTube’s most-viewed K-pop music videos around the world in Jan. 2015. Billboard named the girl group as one of the top five K-pop artists to watch that year.