After over a decade, Red Velvet’s Wendy and Yeri have parted ways with SM Entertainment.

On April 4, SM Entertainment announced that Wendy’s and Yeri’s exclusive contracts with the agency had expired.

However, even though Wendy’s and Yeri’s individual activities will no longer be managed by SM Entertainment, they will still be working with the agency for their group activities as members of Red Velvet.

SM Entertainment’s full statement is as follows:

Hello. This is SM Entertainment.

We are informing you that our exclusive contracts with Wendy and Yeri have come to an end.

The time we spent together with Wendy and Yeri, who—after debuting as Red Velvet—were not only active in group promotions but also as solo artists in various fields, was a great joy for us as well.

We will cherish all the moments we have spent together with them until now, and we will sincerely root for Wendy and Yeri as they make a new start.

Additionally, as members of Red Velvet, Wendy and Yeri will be working with us for their group activities, and we ask that you look forward to Red Velvet’s shining journey that will continue to unfold.

We sincerely thank you for the unsparing love you have given Wendy and Yeri up until now, and we hope you will give your warm interest to the two members as they embark on new challenges in their respective paths.

Thank you.

Wendy first debuted as a member of Red Velvet in August 2014, while Yeri officially joined the group as a new member in March 2015.

Watch Red Velvet’s variety show “Level Up Project 5” on Viki below:

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