BIGBANG's Daesung is leaving YG Entertainment after 16 years.
The agency first claimed that they were still talking to his bandmates G-Dragon and Daesung about the potential of contract renewals on December 26, amid rumors that Taeyang had signed with THEBLACKLABEL after his deal with YG Entertainment expired.
Daesung has decided to quit his contract with YG Entertainment, who added, "He's seeking for a fresh start," later that day.
Similar to what they did with Taeyang, YG Entertainment made it clear that even though Daesung was leaving the agency, he is still staying with BIGBANG.
The agency claimed that Daesung's status as a BIGBANG member has not changed, saying it supports the singer's decision and fresh beginning which they are always willing to work with him.
G-Dragon's contract negotiations are still ongoing, according to YG Entertainment.
T.O.P., meanwhile, left YG Entertainment when his contract there expired earlier this year.
