Introduction to YG Entertainment
YG Entertainment is a South Korean entertainment company established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. In addition, the company operates a number of subsidiary ventures under a separate public traded company, YG PLUS, which includes a clothing line, a golf management agency, and a cosmetics brand.
Following the Burning Sun scandal involving Big Bang's Seungri, accusations of corruption surrounding Yang Hyun-suk and a drug scandal involving iKon leader B.I, Yang Hyun-suk stepped down and resigned from all positions in YG Entertainment and his brother, Yang Min-suk, resigned as CEO on June 14, 2019. Hwang Bo-kyung was appointed as the new CEO of YG Entertainment on June 20, 2019.