Possibly one of the most influential kpop bands at present, BIGBANG officially renenwed their contract with YG Entertainment. The announcement was made on 2 November, 2015, by the agency. 

YG released an official statement on OSEN, which read, "The members of Big Bang: G-Dragon, Taeyang, T.O.P, Daesung, and Seungri, have extended their exclusive contracts," reported Kpopstarz

This would be the second time since 2011 that BIGBANG has renewed it's contract. 

The management agency revealed that the band members decided to stick to on just two months before their contract was due to expire, according to Soompi

Nevertheless, music mogul and CEO of YG Entertainment, Yang Hyun Suk shared his emotional response after BIGBANG's contract renewal and said, "Let's stay together for 20 years."

BIGBANG's band members, who started their journey with YG are reportedly very close to Yang. Recently, Yang said that he would like to work with the band even if they do not renew their contract. 

Meanwhile, BIGBANG will soon continue their MADE world tour 2015-2016 after a brief hiatus. The band is scheduled to perform in Tokyo Dome between November 12-15 in Japan. 

BIGBANG, which was on a three year break, released MVs from their new album, MADE, in May 2015. Their songs have topped several music charts in Korea and world over. In fact, the band's track, "Let's not fall in love" was tied with PSY for the number 1 spot on Billboard's "World Digital Songs" list.