The actress Shin Sekyung joins Edam Entertainment, its first figure not named Lee Jieun.
Obviously, the effective owner of Edam Entertainment would probably have approved it, since she controls 60% of that company's shares.
That might mean anything, but since IU is effectively the owner , she sets the direction of the company.
It appears that she has abandoned her dreams of overcoming BTS in the music arena, and would turn into a more or less full actress, singing only occasionally.
The power of Hybe has become too much for Edam Entertainment to compete, and rather than try to find some singer to sign, the effective owner of Edam has probably decided to become a full actress route, signing more actors under her belt.
It was interesting to see Soohyun of Akmu acting in some web drama. Even vocalists have to act in order to survive nowdays.
So, instead of Lee Jieun harming KPop by continuing to challenge it, it appears we will see Lee Jieun as an acting agency owner , eventually producing her own shows, dramas, movies, etc. (Mystic produced her Persona movie; if Yoon Jongshin can do that, why not Lee JIeun)
That means KPop will finally be able to progress without having to worry about the Senior Singer throwing rocks at times.