2PM member/actor Lee Junho will be parting ways with his label of 17-years, JYP Entertainment.

On March 20 KST, JYP Entertainment confirmed, "Lee Junho's exclusive contract with JYP Entertainment will conclude on April 15. After a lengthy and sincere discussion, it was decided that Lee Junho would not renew his contract."

The label also relayed, "We would like to sincerely thank Lee Junho for being a part of the company throughout its growth for the past 17-years."

Although Lee Junho will seek opportunities elsewhere for his domestic activities, he intends on continuing his partnership with JYP Entertainment for his activities in Japan. The label revealed, "We plan to support Lee Junho in any of his future activities requiring our assistance," referring to the future activities of 2PM. 

SEE ALSO: ASTRO to reunite with Rocky for upcoming solo concert 'Stargraphy'