Yang Hyun-suk, YG Entertainment Chief Producer, Buys 20 Billion KRW of Company Shares... "Enhancing Shareholder Value" (Comprehensive)
Yang Hyun-suk, the Chief Producer of YG Entertainment, has purchased company shares worth 20 billion KRW.
YG Entertainment announced on the 23rd that since the 18th, Chief Producer Yang Hyun-suk has been buying 461,940 shares of the company’s stock on the market at an average price of 43,305 KRW per share. The total purchase amount is 20 billion KRW. Yang Hyun-suk’s stake increased from 16.8% to 19.3%.
Through this share purchase, Chief Producer Yang Hyun-suk expressed a firm commitment to enhancing shareholder value and the company’s growth along with the projects planned for this year.
In December last year, YG Entertainment signed a contract for group activities with BLACKPINK. Additionally, the girl group Baby Monster, which has attracted worldwide fans’ attention since their debut, is set to release their second new song on February 1. Their first mini album is scheduled for release on April 1. YG plans to accelerate Baby Monster’s full-scale domestic and international activities with this detailed roadmap.
The boy group TREASURE will begin preparing new songs after completing their second large-scale Japan tour scheduled until early March, and will launch various projects to expand their presence in the global market by the end of this year.
Yang Hyun-suk, who discovered and trained artists such as BIGBANG, 2NE1, and BLACKPINK, helping them grow into global artists, is leading the way in creating new opportunities, so major projects are expected to gradually become visible.
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A YG Entertainment official stated, "We have set a goal to announce at least one new group within this year by intensifying projects to discover and nurture global rookies selected through auditions not only domestically but also overseas." They added, "Through diverse activities of our artists and targeting the global market this year, we will secure new growth engines and continuously enhance shareholder value. This recent share purchase by Chief Producer Yang Hyun-suk marks the beginning of such determination and efforts."
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