According to the disclosure on January 23rd, Yang Hyun Suk, YG’s overall producer, began buying the company’s stocks on January 18th, increasing his ownership stake from 16.8% to 19.3%.
A YG official said, “Through this recent stock purchase, Yang Hyun Suk expressed a firm commitment to enhancing shareholder value and the company’s growth in preparation for this year’s business plans.”
In December 2023, YG renewed its contract with BLACKPINK for group activities. The four members will pursue individual activities under different management.
Rookie girl group BABYMONSTER will release its second single on February 1st and its first mini-album on April 1st. TREASURE will begin preparations for a new song after concluding their large-scale Japan tour scheduled until early March. YG has announced plans to introduce another rookie besides BABYMONSTER within 2024.
A YG official emphasized, “Our goal for this year is to announce more than one rookie group through a global talent discovery and development project, not only domestically but also through overseas local auditions.”
Netizens have expressed negative reactions to the new of YG’s plan to debut another rookie, leaving comments such as: