On December 6, Polaris Entertainment officially announced that they will not renew their contract with Kim Bum Soo. The agency stated, "Since 2008, Kim Bum Soo was a singer who has physically and mentally been together with us for 10 years. We've referred to him as a 'singer' but he's actually more 'family' to us." 

Polaris continued, "The times we've been together with Kim Bum Soo were happiness", and "We sincerely cheer on the path Kim Bum Soo will take from now on."

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Kim Bum Soo's contract with Polaris Entertainment officially terminates at the end of 2017. Information on the singer's new agency has yet to be announced. Stay tuned.