24K will be going through some member changes. 

Cory will be leaving the group, and Sungoh has returned from the army and is currently writing songs for 24K's next album, but it is currently uncertain if he will rejoin the group as a member. 

The full statement reads: "Hello, this is Choeun Entertainment. We want to first say that 24U worked hard last year. First, we want to tell you about Cory and Sungoh. Cory is an original member who has been working hard as 24K's leader and oldest hyung. Choeun Entertainment and the members are very thankful for his amazing work. However, our contract with him has expired, and we were thinking about what to do. Considering his age and various other situations, Cory and the label came to the conclusion that it would be better if he became a producer. We decided to respect Cory's wishes of handing 24K over to a younger hoobae so he could focus on producing. We hope you continue to send support to Cory, who will come out with great music.

The following is about Sungoh, another original member. Sungoh's enlistment recently ended and he came back to Choeun Entertainment. He is currently writing songs to be included in 24K's next album. We will continue to talk about Sungoh's future and let you know again. 

Choeun Entertainment will work to invite the original members Cory, Sungoh, Kisoo to 24K's future concerts as special guests so fans can continue to see them. We are seeing how 24K can become more global, and are preparing for their next album. We ask for your unchanging love and support, and 24K will be giving back to your support and promise to come back with better music. 

We once again thank 24U for your support, and have a happy new year."

Best of luck to Cory.