After 8 years of being part of YG Entertainment, PSY decided to leave.

Rumors circulated early this year that PSY will no longer renew his contract after it expires and on May 15, it was confirmed that both side part ways.

PSY decided to not renew his contract with YG Entertainment as he wants to challenge himself on this new chapter in his life. It was revealed that PSY and YG’s CEO Yang Hyun Suk had a sincere talk and they got into conclusion to part ways.

YG Entertainment shared that even though PSY will no longer be managed by them, Yang Hyun Suk and him will always be close friends and that the agency will always cheer him on his new endeavours.

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