YG’s Liquidation Process and Efforts to Improve Profitability

On August 28th, a YG representative informed TV Daily that YG Entertainment is actively striving to improve profitability by maintaining a strong and competitive business structure that prioritizes its core business, during the YGX liquidation process.

The representative mentioned that they had set up a “Global Training Center”in March and intended to incorporate YGX’s skills internally to improve their competitiveness in discovering fresh talents and further develop their artists’ skills.

YGX, a dance management and academy business label under YG Entertainment, was founded in 2018. It is the home of renowned choreographer Lee Jung, who rose to fame through the hit show “Street Woman Fighter”.

The label has been in charge of creating choreography for artists signed to YG and The Black Label, such as BLACKPINK, WINNER, and TREASURE. Additionally, they have provided choreography and training for artists from different agencies.

The original source can be found at Daum.