Davichi has announced that they will be parting ways with their management agency, Core Contents Media.

The girls recently decided to leave Core Contents Media to join a new agency founded by their two longtime managers, Kwon Chang Hyun and Lee Eung Yong. Former Core Contents Media labelmate Hong Jin Young has also decided to join the company alongside Davichi.

Although Davichi has been long considered one of the best productions of CEO Kim Kwang Soo, the girls have worked with their two managers for just as long, who have stuck by them through thick and thin. Now that Davichi is leaving the arms of Kim Kwang Soo, the industry is looking curiously as to what direction they'll take.

This is not to be confused with Gang Kiz being transferred from Core Contents Media to their subsidiary, GM Contents. Davichi and their two managers have completely left Core Contents Media to stand on their own. Fans should expect detailed information coming from the company soon.

One official of Core Contents Media stated, "Although Davichi is leaving the company, we hope that they will maintain friendly competition with us and continue to grow as great artists."

On rumors of the duo leaving the company due to the controversy surrounding T-ara, the official stated, "It is not true."

Source + Photos: E-Daily via Naver