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Yang Hyun-seok purchased 461,940 shares of YG Entertainment’s stocks (average price 43,305 won)

YG Entertainment announced on the 23rd that general producer Yang Hyun-seok has purchased 461,940 shares of the company’s stock (average price 43,305 won) since the 18th. The total purchase amount was 20 billion won, which increased general producer Yang Hyun-seok’s shareholding from 16.8% to 19.3%.

Executive producer Yang Hyun-seok expressed his firm commitment to the growth of the business and company being prepared this year while improving shareholder value through this share purchase.

YG Entertainment signed a contract with BLACKPINK for group activities in December last year. Additionally, BABYMONSTER, which has been receiving a lot of attention from fans around the world since its debut, has officially released its second new song on February 1st and its first mini album on April 1st. YG plans to accelerate BABYMONSTER’s full-fledged domestic and overseas activities with this detailed roadmap.

After completing their second large-scale Japanese tour scheduled for early March, TREASURE will begin preparing new songs and launch various projects to expand the global market by the end of this year.

As general producer Yang Hyun-seok, who discovered singers such as BIGBANG, 2NE1, and BLACKPINK and developed them into world-class artists through training, is directly at the forefront of creating a new era, major projects are expected to gradually become visible.

A YG Entertainment official said, “We are setting a goal to announce at least one new group within this year by starting a project to discover and nurture global rookies selected through local auditions not only domestically but also overseas.”

He continued, “This year, we will secure new growth engines through various artists’ activities and target the global market to continuously enhance shareholder value,” and added, “General producer Yang Hyun-seok’s share purchase is the beginning of this will and effort.”

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Author Nat.O
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