YG says BLACKPINK's contract renewal is ”negotiations underway”... ”Final results will be announced through public announcement”

YG Entertainment (hereinafter referred to as YG) announced that it will notify the group through a public notice whether it will renew its contract with BLACKPINK.
On the 14th, YG announced through its quarterly report, ``As of the public announcement date, the exclusive contract with the artist (BLACKPINK) is not subject to renewal.
"Negotiations are currently underway," and added, "We plan to announce the final outcome through a public announcement of 'Major Management Matters Related to Investment Decisions.'"
This year marks the 7th anniversary of BLACKPINK, which debuted in August 2016, and the time has come to discuss contract renewal. they went recently
At the ``BORN PINK'' world tour performance, they avoided mentioning the possibility of renewing their contract, but said, ``We will continue to be a cool BLACKPINK.''
Some speculated that JENNIE, JISOO, and LISA would leave YG, establish a private agency, and embark on their own activities, but YG said, ``BLACKPINK's
Nothing has been finalized regarding contract renewal or future activities."