Louis Vuitton Wants To Invest 100 Million Won In YG Entertainment

With the international success of Psy in 2012, YG Entertainment are in talk of doing some investing. According to news reports, the agency rose to 9.6 percent because YG Entertainment is to receive up to 100 billion won ($97.35 million) from L Capital Asia; which is known for its famous brands such as Louis Vuitton, Celine, Marc Jacobs, and Givenchy.

YG Entertainment is listed on the Korean Stock Exchange (KOSDAQ) and this investment that the agency is in talks for will be about 14% of the agency's market capitalization; which is currently at 700 billion won ($700 million). According to Allkpop, YG's share prices rose from 40,550 won ($39) to 46,600 ($45).

YG Entertainment stated, "We received offers for investment and business collaboration from a third party, so we are in the midst of reviewing the attraction of investment including capital increase by issuing new stocks and allotment to the third party.

We have not yet decided on anything. We will release full disclosure once we've reached a concrete conclusion within a month."

According to Maeil Business Newspaper, one insider was quoted, "Negotiations have been held since June. The investment is just a matter of when and how much."

During the year 2013, YG Entertainment founded Next Interactive K; which is an alliance with KT, the second largest mobile telecom company. Including this, YG has also invested five billion won on the animation company Redrover. The company is known for its 3D stereoscopic monitors and sharp resolution.

Stay with KpopStarz regarding if YG Entertainment will invest with L Capital Asia.

Photo Credit: YG Entertainment

Tags
YG Entertainment
Psy
L Capital Asia
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