YG Reports Operating Profit of 86.9 Billion KRW Last Year, Up 86% Year-on-Year

YG Entertainment recorded its highest-ever performance last year.

On the 29th, YG announced that its consolidated sales for 2023 reached 569.2 billion KRW, with an operating profit of 86.9 billion KRW. These figures represent increases of 45.5% and 86.4% respectively compared to the previous year.

A company representative explained that this performance was "the result of increased activities by artists and the expansion of the global fandom."

This year, YG's girl group Baby Monster, which has attracted global fans' attention since their debut song release, will begin full-scale domestic and international activities starting with a mini-album in April.

Additionally, YG is preparing various projects for AKMU, who is celebrating their 10th anniversary, including plans for overseas market expansion. The company is also concretizing activities for BLACKPINK, who signed a group activity contract last December. Furthermore, YG plans to continue projects for discovering and nurturing global rookies through local auditions in Japan and Thailand.

Meanwhile, YG announced its mid-term dividend policy on the same day. From 2024 to 2026, the company will pay cash dividends equivalent to 10-20% of net income on a separate basis over three years. Additionally, the cash dividend for 2023, as resolved by the board, is 300 KRW per share (up from 250 KRW last year), totaling approximately 5.6 billion KRW.

A YG representative stated, "Starting with the largest shareholder's purchase of treasury shares in January, by resolving this mid-term dividend policy, we will continue efforts to stabilize the stock price as well as enhance corporate value and shareholder interests."

This content was produced with the assistance of AI translation services.