Penomeco has left his agency after four years.

The rapper announced the news through his personal Instagram on June 28 KST, writing:

"Hello, this is Penomeco.

At the end of June 28, I will be leaving Million Market, whom I was previously attached to, and will continue with new activities. 
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I want to say thank to you the Million Market family members who have given strength to me for the past four years, and I will always be supporting the path of Million Market.
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Thank you to the fans who have always supported and taken care of me, and in the future, I will be finding you again with good music-related news. Thank you."

Meanwhile, Penomeco is well known as a member of the six-member 'Fanxy Child' crew, alongside Dean, Zico, Crush, Stay Tuned, and Millic.

Check out Penomeco's Instagram post below!