Five of six members of Monsta X have signed new contracts with Starship Entertainment. The music label issued a statement in both Korean and English on Monday. "Lately, MONSTA X members Shownu, Minhyuk, Kihyun, Hyungwon and Joohoney have renewed their contract with Starship Entertainment," the Korean entertainment company said in an English statement. I.M did not renew his contract. However, the agency stipulated that he will participate in…