News YG Investors Have Lost 170 Million (1 Viewer)

[VillageIdiot]

Investors in YG Entertainment including the National Pension Service have suffered losses of around 200 billion won ($169.2 million) over the past six months, according to Korea Exchange data.

Broken down, the NPS lost around 20 billion won, while some 20,000 minority shareholders lost about 182 billion won

On June 18, the scandal-ridden entertainment agency’s share price closed at a low of 28,300 won. Since peaking at 48,950 won on Dec. 26 last year, prices have been plunging, wiping out 65 billion won of the Kosdaq-listed company’s stock value.

On June 14, YG founder Yang Hyun-suk and his brother Yang Min-suk, who served as CEO, stepped down following allegations that yet another YG artist used drugs.

Source

 

[SeulPika]

Blackpink comeback to save the stocks

 

[Mangoey]

at this point is it safe to assume that YG has lost its big three status?

 

[Loki]

This is not a good look. I don't even know what to think about the situation anymore, let's hope the innocent artists don't get affected by this

 

[VillageIdiot]

at this point is it safe to assume that YG has lost its big three status?

This is not a good look. I don't even know what to think about the situation anymore, let's hope the innocent artists don't get affected by this

A lot of insiders are saying artists and actors are trying to get out of their contracts.

The only sure thing they have rn is Blackpink and touring money.
iKon is out of the equation, I think Winner is getting close to enlistment, and Korea is pissed off at every non-Taeyang member of Big Bang

 

[Jimimis]

SM JYP BigHit here we come

 

[PrideInBaek]

Boi
YG is screwed.
See YG? This is what you get for playing with the dreams of innocent kids (Mix9) and acting all high and mighty you misogynistic, pompous, egotistical man

 

[lexus]

What's sad is that I'm not even surprised by this.

 

[QueenGirlCrush]

A lot of insiders are saying artists and actors are trying to get out of their contracts.

The only sure thing they have rn is Blackpink and touring money.
iKon is out of the equation, I think Winner is getting close to enlistment, and Korea is pissed off at every non-Taeyang member of Big Bang

I just hope CL and Dara are part of that equation, this would be the perfect time.

I would say Taeyang and Daesung. If GD has just been quiet about military service, no one would be that mad at him.


Remember YGE is 50 million USD in debt to Louie Vuitton and has to pay it back by October.

 

[VillageIdiot]

SM JYP BigHit here we come

We Stan Big 2
Fuck SM
I hope they burn more than YG

 

[QueenGirlCrush]

SM JYP BigHit here we come

Might as well. YGE was already weak and has been outplayed by all or one or two of those companies since 2012. This is the tipping point, I don't see how the company can survive this tbh.

 

[VillageIdiot]

misogynistic,

Yes

pompous

Yes

egotistical

Yes

 

[QueenGirlCrush]

We Stan Big 2
Fuck SM
I hope they burn more than YG

One step at a time.

 

[Mayday]

 

[VillageIdiot]

One step at a time.

Hacksica is on it

She's just taking forever

 

[emptycup]

I can't even revel in this... this is just sad ​

 

[Jichuus]

Well damn. Once the actors leave, it’s over. Their actor roster has some really big names.

 

[jasque]

They lost 17 times what they lost with Mixnine.

Also they could do hundreds of MVs with that money lol

 

[jasque]

yup. true. as a korean person who reads naver blogs everyday, i confirm this lmao. the comments are hell

At least this changes their focus from getting pissed off at idols for dating.

 

[RandAlThor]

This is not a good look. I don't even know what to think about the situation anymore, let's hope the innocent artists don't get affected by this

Its worse as the new boss was CFO... they are under investigation for tax evasion.