BLACKPINK’s contract with YG Entertainment will end in August 2023, Lisa BLACKPINK is offered Rp1.2 trillion by Chinese companies to move agencies

Lisa BLACKPINK was harmed by 100 billion KRW or Rp1.2 trillion by Chinese companies to move agencies. This follows the Blackpink contract with YG Entertainment will end in August this year. Reporting from Koreaboo, Tuesday (1/24/2023) but the update of the Blackpink contract with YG Entertainment will not be as easy as expected. A source called this because of Lisa. Since its debut, Lisa has always received attention as a versatile person.

Launch Munhwa Ilbo, Wednesday (10/25), one of the people in explaining that it was not easy for YG Entertainment to maintain Lisa. Because, the singer whose real name is Lalisa has received an offer to change the label so it takes a higher offer if management wants to maintain it.

According to information on people in the agency, YG Entertainment must offer at least around 20 billion won or Rp244 billion per member to stay in their agency. The latest, YG Entertainment even released the new K-Pop girl group, Baby Monster, to reduce the potential failure in closing the contract renewal agreement with BLACKPINK.

With his vocal, rap, and extraordinary dance ability, making the Blackpink members attract the attention of many companies. Nate Entertainment reported that Lisa got an offer from many companies outside Korea. Especially in Southeast Asian countries such as China.

Specifically, one of the people in revealing that there is even talks about companies that are willing to offer large amounts of money for Lisa. “From what I understand, (agencies) in countries like China expressed their desire to offer guarantees of around 100 billion KRW to Lisa, which has full influence not only in her home country in Thailand but also in the Southeast Asian market,” Nate said Entertainment.

“When you consider the Korean market scale, it will be difficult for (Korean agency) to handle such offers,” he continued. The same thing was reported by other Korean media, Munhwa Ilbo. It was stated that the offer of 100 billion KRW could not be matched by YG Entertainment.

On the other hand, Blackpink members will not just move with money if they want to continue to use the name of the Blackpink group. But people say that YG Entertainment must offer at least 20 billion KRW or Rp 242 billion per member to renew the contract. Some believe that YG Entertainment launches Baby Monster is to reduce the potential failure to close the renewal agreement with BLACKPINK.

When the news was released, it made netizens surprised. Even though it was the source of insiders, and both Lisa and YG Entertainment had not yet opened votes, but this showed Lisa’s big influence on the global market. Even netizens noticed that after the news was released by Korean media, YG Entertainment’s shares fell.

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