Seeing Hyein going on a full on luxury fashion event barely one year into her career is giving me major BP vibes. I've said many times how NJ is like the 4th gen Blackpink and their crazy ambassadorships and fashion promotions are an example of this (as is their spectacular charting globally and in the US and their diverse membership inc 2.5 truly fluent English speakers). We also know that BTS and BP arent strangers either lol despite how hard both labels tried to prevent any and all public interactions, so it's not unreasonable to assume Bang PD was and is a huge admirer of BP's global success.
Then we have LSRFM which was clearly Bang PD's attempt to recreate Izone using Chae, Sakura and Minju (i've read that he was a huge Wizone at heart lol). They have been laser focused on not only Korea but even more importantly, Japan. Which was Izone's bread and butter as well.
Basically he's got LSRFM for Japan and NJ for the West, with both strong domestically as well.
I'll be curious to see where Illin' fits in this picture. Dream Academy right around the corner as well.