Psy, Big Bang, other artists become YG shareholders
Apr 9, 2014
Psy, Big Bang and other YG Entertainment artists have now become shareholders of their own management agency.YG’s main producer Yang Hyun-suk and CEO Yang Min-suk allocated a total of 81,400 shares to 18 of the agency’s artists, transferring parts of the preemptive rights they hold as YG’s majority shareholders on Tuesday.In doing so, the two company chiefs became the first ever in the local entertainment industry to transfer exclusive preemptive rights to the agency’s artists.The decision allow