It has been revealed that solo artist IU has decided to maintain her loyalty to her current agency, LOEN Entertainment.

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 said that she chose not to receive the deposit for her new contract. She will be continuing promotions as a singer and actress under LOEN Entertainment for the next three years.

Meanwhile, IU is currently appearing in KBS’ drama “Producer.”

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