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.
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.
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!