Thanks to azurespace for making the original post!
STX passed along the announcement to KeSPA that they cannot keep running STX SouL. STX had wanted to continue their sponsorship of the team, and KeSPA offered that they would get sub-sponsors to help out STX if they would stay on board. However, the creditors rejected the suggestion, and the potential sub-sponsors backed out upon hearing the news.
The Soul players Dear, Classic, Mini, Trap, and Size had participated in the 'posting' process (a draft/auction to the remaining KeSPA teams) in secret on the 28th of August, with INnoVation opting out due to joining team Acer. Only Classic was able to join a KeSPA team through posting, joining SK Telecom T1.
Coaches Calm and Park Jong Soo have decided to begin their military service, and Protoss player Mini has retired.
Some of the remaining players are looking to join foreign teams, while the remaining players and coaching staff will participate in the GSTL as Team "SouL." They are expected to acquire new players such as Hwangsin and SSaNaEE for this purpose. The head coach of SouL, Kim Min Gi and coach Choi Won Suk have made a contract for a team house around Incheon at their own expense to help gamers who want to continue their careers.