YG Entertainment CEO Yang Hyun Suk On Why He Is Offering 18 Artists On The Label The Chance To Buy Company Stock

YG Entertainment made headlines on Tuesday when the two top executives from the K-pop label announced they would be offering up their own company stock in order to give 18 of the artists in their roster the option to become shareholders in the company.

"The largest and the second largest shareholders of YG, Yang Hyun Suk and Yang Min Suk, transferred their preemptive stock rights of 81,400 shares to 18 of the record label and management company's artists and actors including Psy, the members of Big Band and others," read a statement posted to the label's website on Tuesday.

"This is the first time in the Korean entertainment industry that the biggest shareholder and the CEO have offered their preemptive rights to shares to their musicians and actors."

Yang Hyun Suk explained his decision for what could potentially be a cash windfall for the artists involved in the trade, in an interview on Wednesday with the Korean publication DailySports.

"YG's growth was all possible because YG artists did their best, so I think it is only natural to offer this opportunity to our actors and singers who have been creating all this great content," he said.

The YG co-founder and CEO added that it is also an issue of him putting his money where his mouth is.

"For a long time, I have used the word YG Family," Yang said.

"It may sound obvious, but YG could only achieve the success we've had because our artists gained the fans' love and trust with their music. We had an opportunity to recapitalize, so I thought that I should show our singers how much I care about their wellbeing by taking that opportunity."

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YG Entertainment
Yang Hyun Suk
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