Korean netizens react to YG Entertainment’s new group plans.
Yang Hyun Suk, YG Entertainment’s Executive Producer, bought 461,940 shares at 43,305 KRW each for 20 billion KRW (14.9 million USD).
The label also detailed their intentions for TREASURE, BABYMONSTER, and a new group for the following year.
A YG Entertainment source said, “Our goal is to introduce at least one new group this year by launching a project to identify and cultivate global talents through local auditions, not only domestically but also overseas.”
They added, “We will seek new growth drivers through different artist activities and target the worldwide market to increase shareholder value in the coming year. Our resolve and effort began with Executive Producer Yang Hyun Suk’s stock purchase.”
Recent events are confusing Korean netizens, who are upset. Many say YG Entertainment should focus on managing TREASURE and BABYMONSTER rather than introducing a new group.
They said, “Are they insane? BABYMONSTER and TREASURE must be managed properly…YG, iKON is out, and Winner is almost gone. Even though there are only three idol groups, BLACKPINK members have separate activities. They’re mismanaging things.” “YG should build a restaurant… Expanding the company cafeteria into a restaurant seems like a good idea.” “They always say they are releasing a new group but then it takes them 2 to 3 years to actually release them,” “I heard they’re releasing a male group,” and “BABYMONSTER’s situation is confusing. What are they doing two months after debuting? Even while waiting for Ahyeon, they have a bad song.”
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