Girls’ Generation is one of South Korea's biggest K-Pop bands having sold over 5 million albums worldwide

SM Entertainment has issued a statement regarding concerns about the future of Korean k-pop band Girls’ Generation’s future following reports that three members of the group have decided not to renew their contracts with the company.

SM Entertainment has not confirmed which members have re-signed with the agency and which are leaving but according to Yonhap News, Girl Generation members Tiffany, Seohyun and Sooyoung have left SM entertainment in order to pursue solo ventures leaving Taeyeon, YoonA, Yuri, Hyoyeon, and Sunny as the remaining members of the group.

Seohyun, Sooyoung and Tiffany

In a statement given by SM entertainment said “Girls’ Generation is a precious and meaningful group for SM and for fans, The members do not think of disbandment at all. SNSD is a valuable and meaningful group for both SM and their fans. But since there are members who have ended their contracts, we will discuss with the remaining members about the future direction of SNSD and proceed with caution.

It was previously reported Tiffany was planning to study acting in the United States. While Sooyoung and Seohyun are planning to focus more on acting in musicals, dramas, and films in their native South Korea.

Girls’ Generation is one of South Korea’s biggest K-Pop bands having sold over 5 million albums worldwide since their debut in 2008. Famous for such hits such as “Gee, Genie and I Got A Boy“. The group’s immense popularity in their native country South Korea has earned them numerous accolades. In Japan, they became the first non-Japanese girl group to have three number-one albums on the Japanese Oricon Albums Chart, and their three Japanese concert tours attracted a record-breaking 550,000 spectators, more than any other Korean girl group. Girls generation recently celebrated their 10th anniversary with a release of their album “Holiday Night” in August.

Girls’ Generation at KBS Gayo Daechukje December 30, 2015.