YG Appoints Outside Director as Board Chair to Enhance Governance Transparency

YG Entertainment appoints an outside director as the chairman of the board. Additionally, it plans to transition to a sole CEO system, aiming to achieve both management transparency and efficiency.

On the 29th, YG held a shareholders' meeting at Holt Children's Welfare Association in Mapo-gu, Seoul, and appointed outside director Kim Dong-hyun as the new chairman of the board.

Director Kim is a management expert who previously served as CEO of MagnaTech and Vice President of Uniquest, and has been serving as an outside director of YG since last year. On this day, Kim stated, "Through independent board operations, we will oversee the overall management activities of the executives and establish a balanced governance system."

At the subsequent board meeting, the resolution to transition to a sole CEO system was approved. As a result, YG has reorganized under the sole CEO system with Yang Min-seok as the sole CEO. The former co-CEO Hwang Bo-kyung will retain the position of inside director. CEO Yang emphasized, "This board decision will play an important role in the company's innovation and strengthening of global competitiveness."

Meanwhile, through this management structure change following the shareholder return policy announced in February, YG plans to enhance trust among shareholders and investors and contribute to sustainable growth and long-term investment value creation.

This year, YG's girl group Baby Monster, which has been receiving significant attention from global fans since their debut song release, will begin full-scale domestic and international activities starting with a mini-album in April. The boy group TREASURE successfully concluded their Japan tour in March and has an Asia tour scheduled, launching projects to establish a solid presence across Asia beyond Japan.

Additionally, AKMU, celebrating their 10th anniversary, is preparing various projects and overseas market expansion, while concretizing activities for BLACKPINK, who signed a group activity contract last December. Furthermore, YG plans to continue projects for discovering and nurturing global rookies through local auditions in Japan and Thailand.