The entertainment industry has been abuzz over the contract renewal of one of the most popular K-pop groups, BLACKPINK.

About a week ago, it was reported that Rosé was the only member among the four members who renewed her contract with YG Entertainment. Since then, all attention has been focused on the future of BLACKPINK, which is one of the most influential girl groups in the music industry.

Fast forward to September 25 when rumors stated that Jisoo and Jennie are aiming to launch their own entertainment labels instead of signing with an already established one.

In response, YG Entertainment stated, "There has been no confirmation made as of yet, regarding the [contract] renewal and future activities of BLACKPINK."

With this latest statement and rumor, K-netizens are gathering in various online communities to share their opinions on the rumors. While some support the two idols, some believe it might not be a pragmatic approach for the girls.

They commented, "I still support the girls," "I think setting up their own agency is better than staying with YG," "Good," "Good for them," "I guess the condition of the YG contract wasn't that good," "I think it's easier for them to continue group activities if they have their own companies," "congrats on escaping YG," "I don't think we need to worry about them setting up their own labels. If anything, they can join another label later," and "I think they'll take care of themselves."

On the other hand, netizens commented, "I never seen anyone become that successful after setting up their own company," "I wish they don't set up their own company," "I don't think setting up their own company is a good idea," "What's going to happen to BLACKPINK? If they all separate, then it's going to be hard to continue their group activities," "I'm worried about their own companies but they're superstars so it's okay I guess," and "Is setting up their own labels a good idea?"