One thing I've never really understood. I see people refer to YGE as "he" all the time, but I thought he stepped down a long time ago. There doesn't seem to be any proof or testimonies he's still making the big decisions, yet it seems K-pop fans are so sure that he does. Yes, he's still a shareholder, but that doesn't mean he makes the moves, does it?
How are we so sure Yang Hyun-suk still runs YG Entertainment?
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I don't think he's making day to day decisions, but there are long-time YG people that are running YG and YG Plus. People that have been with YGE for 15+ years.
CEO of YG Hwang Bokyung, she's been with YG for 20 years.
CEO of YGPlus Choi Sungjun has been with YG for 13 years and was at CJ E&M before that.
So they obviously take into account his thoughts. And since the new building was his baby, there were reports last year he was making decisions about it. One Korean article stated he had them re-do a room because he didn't like how it turned out. So there's still parts of the new YG building yet to be unveiled.
People need to realize the music label is just one part of YG. YG is a multinational conglomerate with several business interests.
Yang Hyunsuk was never involved in the business side of things (his brother was, who is still one of the largest stakeholders in YGPLUS and is a director in YG). His brother graduated from a SKY university and is a business wiz. YG was the "Executive Producer" of the music label...Basically the CEO of the music label. But when he stepped down I heard Sean was the new EP.
But I think it's basically a committee of producers that have assumed that EP role...ie Trainee decisions (who makes it into YG), music decisions, concepts and debut and comeback timelines etc.
I believe that committee consists of Teddy (head of THEBLACKLABEL), Choice37 (head of YGX), FUTUREBOUNCE and AIRPLAY.
Others that I think help with the music decisions are Rovin, Vince, Millennium (even though he's young he's been one of the most successful producers) and AKMU's Chanhyuk (he's writing for other YG artists and believe he's very loyal to YG).
All longtime YG people.
The CEO, she's been with YG since practically the beginning and worked her way up the corporate ladder. She comes from more of the numbers and finance side of things, which is why you saw YG breaking revenue and profit records in the last year.
She's been selling off the money-losing subsidiaries (YG Sports, YG Foods/restaurants, Moonshot Cosmetics) and consolidating power and investing in the entertainment business...YGPlus is becoming the biggest music and merch distributor in Korea. YGStage (actor roster), YGSTUDIOPLEX (film and TV production) YGKPlus (model and actors)... They're also building the largest SFX/VFX studio in Korea with Naver that'll shoot concerts with other labels, TV shows and movies.
They're also doing a lot of investing...Venew Live etc.
They started a subsidiary with GMM, the largest entertainment company in Thailand.
They have a few subsidiaries with Naver...VIBE, YN Culture & Space and others.
They've strengthened and invested more in entertainment business interests.
But the have a dozen other entertainment business subsidiaries like ads and other related things.
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a majority shareholder is just as influential as a CEO in my view. The title is somewhat irrelevant when you still own/fund most of it. I mean, I can step down from running my gym tomorrow morning but if i still own most of its equipment, there's a remote possibility the janitor will still say "hi" to me in the morning!
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All the senior management owe their livelihoods to him. The whole Board of Directors was probably handpicked by him. As long as he is free and still holds a stake in YGE, he will still be the ultimate decisionmaker for the label. The CEO, COO, etc all handle the mundane day to day shit. But when it comes to debuting groups, approving comebacks and huge activities like world tours, and contract negotiations, i doubt anything happens without Yang's approval.
To a point. Other companies much bigger and wealthier have stakes in YGE, companies that make Yang Hyun Suck look like a subsistence farmer in comparison (Naver, Tencent, etc). Other people, perhaps in government, might also be able exert influence on him given his legal troubles. Who knows who Yang is answerable to in the hidden corporate boardrooms and government offices in Korea.
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I don't think he's making day to day decisions, but there are long-time YG people that are running YG and YG Plus. People that have been with YGE for 15+ years.
CEO of YG Hwang Bokyung, she's been with YG for 20 years.
CEO of YGPlus Choi Sungjun has been with YG for 13 years and was at CJ E&M before that.
So they obviously take into account his thoughts. And since the new building was his baby, there were reports last year he was making decisions about it. One Korean article stated he had them re-do a room because he didn't like how it turned out. So there's still parts of the new YG building yet to be unveiled.
People need to realize the music label is just one part of YG. YG is a multinational conglomerate with several business interests.
Yang Hyunsuk was never involved in the business side of things (his brother was, who is still one of the largest stakeholders in YGPLUS and is a director in YG). His brother graduated from a SKY university and is a business wiz. YG was the "Executive Producer" of the music label...Basically the CEO of the music label. But when he stepped down I heard Sean was the new EP.
But I think it's basically a committee of producers that have assumed that EP role...ie Trainee decisions (who makes it into YG), music decisions, concepts and debut and comeback timelines etc.
I believe that committee consists of Teddy (head of THEBLACKLABEL), Choice37 (head of YGX), FUTUREBOUNCE and AIRPLAY.
Others that I think help with the music decisions are Rovin, Vince, Millennium (even though he's young he's been one of the most successful producers) and AKMU's Chanhyuk (he's writing for other YG artists and believe he's very loyal to YG).
All longtime YG people.
The CEO, she's been with YG since practically the beginning and worked her way up the corporate ladder. She comes from more of the numbers and finance side of things, which is why you saw YG breaking revenue and profit records in the last year.
She's been selling off the money-losing subsidiaries (YG Sports, YG Foods/restaurants, Moonshot Cosmetics) and consolidating power and investing in the entertainment business...YGPlus is becoming the biggest music and merch distributor in Korea. YGStage (actor roster), YGSTUDIOPLEX (film and TV production) YGKPlus (model and actors)... They're also building the largest SFX/VFX studio in Korea with Naver that'll shoot concerts with other labels, TV shows and movies.
They're also doing a lot of investing...Venew Live etc.
They started a subsidiary with GMM, the largest entertainment company in Thailand.
They have a few subsidiaries with Naver...VIBE, YN Culture & Space and others.
They've strengthened and invested more in entertainment business interests.
But the have a dozen other entertainment business subsidiaries like ads and other related things.
I hope u get the job
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lol of course he does
All of these company ceos are egoistical maniacs
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