It was previously reported that Kim Soo Hyun will no longer renew his contract with KeyEast Entertainment and that the actor will start his own label. The agency that has been handling the actor responded.

On the 11th of December, Newsen has reported that the actor Kim Soo Hyun will leave KeyEast Entertainment after his contract expires with them. The actor's contract with KeyEast will expire at the end of the month. Soo Hyun is reportedly planning to start his own entertainment agency with director Lee Sa Rang which also happens to be his cousin.

Their close relationship has led them to work successfully in the film "Real." The director also said that he fully supports his cousin's decision to start his own label. According to several news sources, "Psycho But That's Okay" will be Soo Hyun's last project with KeyEast.

In response to these reports, a representative from KeyEast announced, "We are still discussing matters with Kim Soo Hyun. We are currently negotiating a renewal of the exclusive contract. As far as the issue about the actor setting up his own agency is concerned, we cannot comment on that. We have not been informed about it."

Kim Soo Hyun started his debut with KeyEast and has worked with the agency for 12 years.