On November 8, YG Entertainment released an official statement confirming that the agency reached a mutual agreement with Bang Ye Dam and Mashiho to terminate their contracts. Mashiho will focus on getting his health back, while Bang Ye Dam will work on pursuing his career as a producer. TREASURE will promote as a 10-member group in the future.
Hello, we are YG Entertainment.
First, we would like to express our sincere thanks to all TREASURE MAKERS for all the support and love towards TREASURE.
Today we have an important announcement about the future activities of TREASURE.
In the future, TREASURE will transform into a 10-member group, consisting of Choi Hyun Suk, Jihoon, Yoshi, Junkyu, Yoon Jae Hyuk, Asahi, Doyoung, Haruto, Park Jeong Woo, and So Jung Hwan.
After a long and careful discussion with Mashiho and Bang Ye Dam, we mutually agreed to terminate the contracts between the two of them and YG Entertainment.
We have reached such an agreement so that Mashiho can have enough time to recover from his health condition and Bang Ye Dam can continue his career as a producer.
Knowing that all TREASURE fans have been waiting for Mashiho and Bang Ye Dam, we are very sad for their departure as they have been with TREASURE since the beginning. We ask for your continued support for Mashiho and Bang Ye Dam.
YG Entertainment will do its best to communicate with TREASURE MAKERS and support TREASURE’s future activities.
Thank you very much.