As TWICE enters a new round of contract renewal negotiations with JYP Entertainment, two members—Jeongyeon and Tzuyu—have become the focus of growing speculation about their future.
While reports suggest changes to their agency affiliations may be on the horizon, both situations remain unconfirmed.

According to a report from News1, Tzuyu has reached a mutual agreement with JYP Entertainment not to renew her exclusive contract. The report also stated that she intends to continue promoting with TWICE, raising the possibility of pursuing an arrangement similar to other K-pop artists who maintain group activities while being managed by different agencies.
JYP Entertainment has not confirmed the report, saying only that contract renewal discussions are still ongoing and that an announcement will be made once decisions are finalized.

Before the reports surrounding Tzuyu surfaced, Jeongyeon was reported to have met with Varo Entertainment, the agency that represents her older sister, actress Gong Seung-yeon. Varo Entertainment acknowledged the meeting but clarified that no exclusive contract has been finalized.

The reports have fueled speculation that multiple TWICE members could seek separate management for their individual careers while continuing group promotions.
The timing of the rumors coincides with TWICE members becoming increasingly active outside the group. Since renewing their contracts together in 2022, the members have expanded into music, acting, and other entertainment fields. Recent individual activities include:
- Nayeon, Jihyo, Tzuyu, and Chaeyoung releasing solo music.
- Dahyun making her film debut in You Are the Apple of My Eye.
- Sana joining the Korean-Japanese film Nyangi (working title).
- Jeongyeon being cast in New Recruit: The Movie.
Despite the transfer rumors, TWICE has built a reputation as one of K-pop’s most united groups. Since debuting in 2015, the nine-member group has never experienced a lineup change or member departure. The group recently concluded its sixth world tour, THIS IS FOR, performing 81 concerts across 44 cities worldwide.
Whether members ultimately remain under JYP Entertainment or pursue separate agencies for solo work, fans are now waiting to see how TWICE’s next chapter will unfold.
Sources: Daum | 스타투데이

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