Korean agency Cube Entertainment reversed its decision to kick out K-pop boy band Pentagon member E’Dawn and former 4Minute member HyunA from the company stemming from their admission last month that they’re in a romantic relationship.
E’Dawn has been on hiatus from the group since last month following the revelation. He was excluded from Pentagon’s new album “Thumbs Up” that was released last Sept. 10.
In a statement released in the morning of Sept. 13, Cube Entertainment announced that it was removing E’Dawn and HyunA from the company.
“CUBE Entertainment has decided to remove Hyuna and E’Dawn. When managing the artists, we have been putting trust and faith as the foremost values. After going through various discussions, we concluded that it is impossible to restore faith with Hyuna and E’Dawn, and we decided to remove the two artists. We are sincerely grateful to the two artists and the fans for being with us until now,” it said, reported KBS.
As a result, its stock price plunged from 2,970 won to 2,775 won per share or a decrease of 6.57 percent.
In the afternoon of Sept. 13, Cube Entertainment released another statement to reverse its earlier decision.
“We’re currently discussing whether to keep HyunA and E’Dawn in the agency or not. Nothing has decided yet. It’s not an easy decision to make and we are going to take two artists’ decisions in consideration as well,” said Cube Entertainment CEO Shin Dae-nam, according to MWave.
The official added, “No decision has been made regarding HyunA and E’Dawn’s dismissal, yet. We’re going to hold a meeting to discuss this matter further some time next week.”
Last month, HyunA and E’Dawn said they have been going out for two years and got close after they performed in a TV show in 2015.
“We’ve been going out with each other for two years. We know this would result in some kind of labeling, but we thought it would be hard to look straight into the eyes of our fans (without being honest). So we decided to be honest with our loving and supporting fans and come to the stage with confidence,” the two told Yonhap News.