[Full text] Red Velvet's WENDY and YERI end exclusive contract with SM Entertainment...Group activities will continue with SM Entertainment

Wendy and Yeri, members of the Korean girl group Red Velvet, will be leaving SM Entertainment.
On the 4th, SM Entertainment announced through an official press release, "The exclusive contract between our company, Wendy, and Yeri has ended.
"We would like to inform you of the following. Below is SM Entertainment's full statement: Hello. This is SM Entertainment.
We would like to inform you that the exclusive contract between our company and WENDY and YERI has ended.
Since her debut in "Red Velvet," WENDY and YERI have been active in many areas as solo artists as well as in group activities.
I was very happy. I will treasure all the moments we have built up until now and wholeheartedly support WENDY and YERI's new department. WENDY and YERI will also be working on "Red
She will continue her group activities as a member of Red Velvet with our agency, so please look forward to Red Velvet's glorious journey ahead.
We are deeply grateful for the generous love and affection that has been shown to Wendy and Yeri, and we are pleased to announce that they will each begin new challenges in their own places.
I would appreciate it if you could show your warm interest in the future of other members. Thank you very much.