Red Velvet was formed by the South Korean entertainment company SM Entertainment in 2014, and initially consisted of four members; Irene, Seulgi, Wendy and Joy.

In March 2015, Yeri joined the group, and their first EP and first studio album, Ice Cream Cake and The Red were released.

Their sophomore studio album, Perfect Velvet was released in November 2017, with the lead single, "Peek-a-Boo".

A repackage of the album titled The Perfect Red Velvet was released in January 2018.

In 2023, the group released their third Korean studio album Chill Kill.