It has been revealed that Lee Seung-gi has notified Big Planet Made of the termination of his exclusive contract.

Yoon Yong-seok, the attorney from Law Office Hyunmyeong representing Lee Seung-gi, stated in an official statement that Lee Seung-gi notified the termination of the contract at the end of March due to Big Planet Made's breach of the exclusive contract. Attorney Yoon explained, "Despite various recent issues surrounding the agency, the departure of some affiliated artists, and unpaid settlement amounts, the artist tried to maintain a trusting relationship. However, since September of last year, settlement payments have not been made, and there have been problems with support for entertainment activities and payments to on-site staff and external vendors."

Lee Seung-gi's side also reported that they requested to review documents related to the contractual relationship to ensure transparency in settlements, but this was refused without justifiable reasons. Accordingly, the termination of the exclusive contract was notified at the end of March, and the contract has been lawfully terminated.

Lee Seung-gi's side stated that they will do their best to prevent any damage to other related parties in the future and plan to carry out scheduled activities without disruption. They added, "Above all, we will continue our entertainment activities responsibly so as not to disappoint the fans and the staff working hard on site."

Meanwhile, Big Planet Made commented on Lee Seung-gi's notification of contract termination, saying, "Our company is currently making every effort to promptly restore normal management, and we are continuously negotiating to resolve the related matters amicably."