Recently, Starship Entertainment released a statement to announce that five of the six members have renewed their contracts with their agency. However, I.M has decided to leave the agency.
Shownu, Minhyuk, Kihyun, Hyungwon, and Jooheon renewed their contracts with the label. In regards to I.M, he will leave the agency but remain a part of the group. They have come to a mutual agreement with the idol to carry on group activities regardless of what agency he chooses.
On November 14, Song Music Korea began teasing a new artist and on November 15, the agency confirmed I.M has signed with them and will continue to promote as part of MONSTA X while carrying out his individual activities too.