K-pop group Stray Kids. Photo from Stray Kids' X accountAll eight members of the hitmaking South Korean boy band Stray Kids have renewed their contracts with longtime agency JYP Entertainment, according to a report.

Citing a statement from JYP, K-pop news portal Soompi reported Thursday that Bang Chan, Lee Know, Changbin, Hyunjin, Han, Felix, Seungmin, and I.N extended their contracts with the label before their initial agreements expire early next year.

"Stray Kids, who is showcasing unique music and powerful performances in the global music market, and JYP, who led and planned the journey of their growth, completed contract renewals based on strong trust and with high aspirations for the future.," the agency said as quoted by Soompi.

K-pop stars usually sign seven-year contracts, after which they can decide to renew with their original agency or explore opportunities elsewhere. Fans anticipate these renewals as they often decide whether idols will continue with their group and stay with their home label.

The announcement comes a day before Stray Kids dropped its mini album, "Ate."

In August, the band will embark on its "DominATE" world tour, which includes a one-day show at the Philippine Arena on November 23.

READ: Stray Kids returning to PH for 'DominATE' concert tour

Launched in 2018, Stray Kids has captivated fans around the world with their genre-blending, often boisterous, songs such as "God's Menu," "S-Class" and "Miroh."

In 2023, the band's offerings "5-STAR" and "ROCK-STAR" ranked second and fifth, respectively, on the International Federation of the Phonographic Industry's list of best-selling albums.

READ: SEVENTEEN tops K-pop-dominated IFPI album sales chart in 2023

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