
BoA, left, and Lee Soo-man / Xportsnews
K-pop pioneer BoA has officially ended her 25-year relationship with SM Entertainment, setting off intense speculation about whether she is preparing for retirement — or a dramatic reunion with SM founder Lee Soo-man.
SM confirmed Monday that BoA’s exclusive contract had expired and would not be renewed. Industry watchers had expected a renewal, making the sudden “clean break” all the more surprising.
In its farewell statement, SM praised BoA as “the icon of overseas expansion” and “the star of Asia,” saying, “Although our exclusive contract has ended, we sincerely support BoA as she begins new challenges and continues to shine as Asia’s star.”
The company also released a tribute video on BoA’s YouTube channel, chronicling her journey from her debut at age 13 in 2000 to today. The video closed with the message, “We sincerely support every moment of BoA, who will forever shine as No.1.”

BoA / Captured from BoA's social media
BoA responded with her own message, saying, “As much as we gave to each other, I am leaving without regret. Thank you for the time we shared, and I will continue to support the shining future of SM Entertainment. Thank you.”
But fans quickly noticed a striking visual detail: BoA was seen sitting on a sculpture of her own name wrapped with tape repeatedly printed with the word “return,” placed alongside the word “thank you.” The contrasting messages sparked online debate over whether the farewell was as smooth as it appeared.

BoA, center, with Lee Soo-man, right / Captured from BoA's social media
Her future plans are also unclear as fans wonder whether this really marks the end of her singing career.
Others point to her recent behind-the-scenes work, including serving as executive producer for SM’s rookie group NCT Wish, as a sign she may transition into producing or acting rather than stepping away from the industry.
Another possibility drawing attention is a move to A20 Entertainment, the global agency founded by Lee Soo-man after he left SM. BoA was personally discovered and developed by Lee, and several former SM artists and staff, including Girls’ Generation’s Sunny, have already joined his new company.
BoA has not yet announced her next step. But after a quarter-century as one of K-pop’s defining figures, her “returned” farewell from SM has made whatever comes next one of the most closely watched stories in the industry.
This article from Xportsnews is adapted by a generative AI system and edited by The Korea Times.