Although the top three entertainment agencies, SM, JYP, and YG, were set to participate in season 3 of SBS's 'K-Pop Star,' there are rumors that SM will be dropping out.

While SM has not revealed much on their official position, SBS plans to reveal everything in relation to the entertainment agency at a press conference on the 8th.  They urgently announced the press conference just the day before on October 7, saying they have something important to reveal about 'K-Pop Star 3.'  Normally, such a formal event would be scheduled with at least a week's advance notice.  However, since SBS has urgently requested one so immediately, people are very curious as to the reason behind it.

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It has come to light that the reason for SBS's sudden press conference was to address the rumor about SM leaving the show.  

After SM's removal from the show, there is still a chance that the two remaining entertainment agencies, JYP and YG, will lead on the program.  There is also the possibility that a new agency will be joining to replace SM.

'K-Pop Star 3' is currently receiving a lot of interest due to the possibility of a change in its judging team.  The new season is set to premiere sometime in November.

Meanwhile, stay tuned for more updates on the situation.

Source: Newsen via Nate