Rose of K-pop girl group BLACKPINK is in talks with The Black Label, a record company founded by producer Teddy Park, to sign an exclusive contract.

“We are currently discussing the issue over the contract,” The Black Label said Monday, shortly after a local media outlet reported that Rose would kick off a new chapter as a solo artist at The Black Label.

The Black Label is an associate company of YG Entertainment, which launched BLACKPINK in 2016. Its founder Park started his career in the hip-hop group 1TYM in the late 1990s and later became a composer and producer, writing a series of hits including BLACKPINK’s “Whistle” (2016) and “Shut Down” (2023). The Balck Label currently represents Taeyang of boy group BIGBANG, solo artist Jeon So-mi and actor Park Bo-gum, among others.

As part of BLACKPINK, Rose has already been on a musical journey with Park for nearly a decade, during which time he produced the majority of the quartet’s mega-hits. In the 2020 Netflix documentary “BLACKPINK: Light Up the Sky,” Rose introduced Park as “the fifth member” of the group.

“He is the producer who listens to our stories, catches a new direction and leads us in a good way,” she commented in the video.

In December, the four BLACKPINK members — Jisoo, Jennie, Rose and Lisa — renewed their contracts with YG as a group, but none of them extended their contracts as individuals. Jisoo teamed up with her brother to 카지노사이트 establish the new agency, BLISSOO. Jennie and Lisa also set up their own companies, which are named Odd Atelier (OA) and LLOUD, respectively. The trio is believed to have made this strategic move to gain more artistic freedom while pursuing their solo careers.

BLACKPINK recently wrapped up its second world tour — the largest-ever world tour for a K-pop girl group that drew some 1.8 million concertgoers worldwide — earning an estimated $260 million gross. The quartet is going strong individually as well, with each member amassing more than 70 million followers respectively on social media channels.