On December 30, it was announced that all 6 iKON members have decided not to renew their contract with YG Entertainment, leaving the agency after 7 years.

On this day, YG Entertainment released a statement saying, "We would like to announce that after a long and careful discussion with iKON (Kim Jin Hwan, Bobby, Song Yun Hyeong, Koo Jun Hoe, Donghyuk, and Chanwoo), we have all mutually agreed to end the group's exclusive contract with respect to one another's opinions."

After 7 years with YG Entertainment, all iKON members have decided to start a new chapter in their careers and seek out different paths to promote.

Surprisingly, many K-netizens showed a positive reaction to the latest news of iKON members leaving YG Entertainment. They commented, "Finally, they escaped," "They are out of the darkness now," "They escaped the dungeon," "I hope they find good agencies to promote them better," "Everyone is leaving YG," "Congrats on leaving YG, now find a good agency to promote better!" "I'm not a fan but I always wondered what this agency was doing for the members," "They are finally free," "Their talents were being wasted," "YG could have done so much for them and done so much with the group," "I hope they can get back together later in the future," and "Good for them! I'm glad they are free now."