India, March 14 -- Korean actor Kim Soo Hyun and luxury brand Prada reportedly parted ways after three months of association. A SpotvNews report states that Prada released a statement on Friday that Soo Hyun's contract has been terminated by 'mutual agreement'. Here's what they said. (Also Read: Kim Sae-ron's mother 'furious' by Kim Soo Hyun's agency statement on daughter; preps for rebuttal)

According to the publication, Prada addressed the controversy surrounding the Korean actor in their statement that read, "We would like to inform you that after considering the severity of the issue, our collaboration with Kim Soo Hyun has been mutually concluded. The contract has been terminated. The decision came from headquarters. - Prada."

This...