Korean singer Park Jae-beom, the former leader of boy band 2PM, is likely to sign with SidusHQ, one of the largest talent agencies in Korea.
"We are currently in final stages of negotiations with Park regarding an exclusive contract," a high-ranking official at SidusHQ explained on Thursday, adding that a decision is expected to be made next week since talks are "going in a positive direction."
Several agencies are said to have been contacting Park after his former agency JYP Entertainment terminated its contract with Park who committed to "a huge personal wrongdoing" earlier this year.
He had already quit 2PM after coming under heat last September over controversial comments he made about Korea on his MySpace account before his debut.
He then signed with U.S. online media company Digital Media Wire (DMW) in late May who would represent the singer in respect to his global career in entertainment.
Park, 23, returned to Korea on June 18 to begin filming for the b-boy pic "Hype Nation." He is also set to release a solo debut single album next Tuesday.
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