PENOMECO is parting ways with P Nation, the label led by Psy. 

P Nation recently announced that their exclusive contract with PENOMECO has come to an end. Despite the end of the contract, PENOMECO and P Nation plan to continue collaborating on various activities and projects, with P Nation expressing continued support for PENOMECO's future endeavors. 

PENOMECO, who debuted in 2014 with the single "Right There" and gained recognition through Mnet's "Show Me The Money 6," joined P Nation in April 2021, following artists like Jessi and HyunA.

Here's a P Nation's official statement:

"Hello, this is P Nation. First, we extend our deepest gratitude to the fans who have shown so much love and interest in PENOMECO. We would like to inform you that our exclusive contract with PENOMECO has recently expired. Even after the expiration of the contract, we plan to continue collaborating with PENOMECO on various activities and work. We will continue to support his future endeavors. Thank you to all the fans who cherish PENOMECO. Thank you."