YANG HYUN SUK
Executive producer Yang Hyun Suk of YG Entertainment purchased 20 billion won worth of treasury shares, attracting attention.
YG Entertainment announced on January 23 that Yang Hyun Suk, the executive producer, purchased 461,940 shares (average price of 43,305 won) on the market since January 18. The total purchase amount was 20 billion won, and Yang Hyun Suk‘s stake increased from 16.8% to 19.3%.
Executive producer Yang Hyun Suk expressed his strong commitment to the company and its growth, while improving shareholder value through this stock purchase.
YG Entertainment signed a contract with BLACKPINK for group activities in December last year. The agency also officially launched BABYMONSTER which will release its second new song on February 1st and its first mini album on April 1st, attracting worldwide attention upon its debut. YG Entertainment plans to ramp up BABYMONSTER’s activities in Korea and overseas with such a tight roadmap.
Boy group TREASURE will start preparing new songs after completing its second large-scale tour in Japan scheduled for early March and will launch various projects to expand the global market by the end of this year.
Big projects are expected to gradually become visible as Yang Hyun Suk, the executive producer who discovered singers such as BIG BANG, 2NE1 and BLACKPINK and transformed them into world-class artists through their training, is at the forefront of producing a new edition.
A YG Entertainment official said, “We aim to announce more than one batch of rookies this year by launching a project to encourage rookies and global discoveries selected through local auditions, not only in Korea but also abroad.”
“We will secure new growth drivers through various artist activities and target global markets this year to increase continued shareholder value,” he said, adding: “The purchase of shares by Yang Hyun Suk, the general producer, is the beginning of this will and effort.”
Journalist: Shawn
Translator: Shawn
Source: YG Entertainment
