Se7en's 'good news' was not exactly what netizens predicted, but something exciting nonetheless! He's started up his own entertainment company 'ELEVEN9 Entertainment'!

Se7en's side stated on July 7, "Se7en has established 'Eleven Nine Entertainment' and will speed up his activities."

Fans had been wondering which direction Se7en would go after his contract with YG Entertainment ended. He had reportedly been receiving many 'love calls' from different entertainment companies, but it seems he has decided to take his own separate path.

SEE ALSO: Bang Si Hyuk's Instagram receives renewed attention following Min Hee Jin's latest press conference

Se7en shared a short clip on his Instagram to commemorate the launching of his new company, so check it out below!