On November 16, Culture Depot announced, "With Park Min Young's contract nearing termination, we've come to an agreement to end our management."

Park Min Young has been with the agency since 2013. Culture Depot also delivered encouraging words for the actress and stated, "Culture Depot will continue to cheer on the future of Park Min Young who will be active not just domestically but all over Asia."

SEE ALSO: Park Min Young smiles brightly in lovely, natural photoshoot with 'Marie Claire'