Seventeen renews contracts as full group with Pledis for 2nd time

All 13 members of K-pop boy band Seventeen have agreed to renew their contracts with Pledis Entertainment for the second time, the agency said Monday, marking a rare full-group renewal in the industry.

Pledis Entertainment said the group had "reached a mutual agreement" to extend their management contracts with the company.

Members who are not currently serving in the military have completed the signing process, while those enlisted will finalize their contracts in line with their service schedules, the company added. "We are delighted to share this good news with Carats," the group said in a release, referring to its fan base. "With the belief that there is nothing we cannot achieve together and a shared desire to go further as a team, all 13 of us have come to an agreement to continue to work together." In the K-pop industry, an idol group is typically structured around an initial contract of up to seven years in line with the Fair Trade Commission's standard contract for entertainers.

Many groups fail to retain their original lineups or disband after the first contract period as memb