On September 21st, Star News reported, “Red Velvet’s Joy is exploring new management opportunities, holding meetings with actor management companies as her contract renewal with SM Entertainment approaches.”
Regarding this, a representative from SM Entertainment told Xports News, “We are in discussions with Joy about her contract renewal.”
With Irene and Seulgi deciding to continue with SM, attention is now focused on whether the remaining members will renew their contracts, raising curiosity about the future direction of Red Velvet’s activities.
Meanwhile, Red Velvet debuted in August 2014, marking their 10th anniversary this year.
Source: Daum