On 12th November 2025, GMM, Thailand's top entertainment conglomerate, reported to Stock Exchange of Thailand (SET) of the restructure of its affiliate, YGMM, the joint venture company between GMM Music (GMM's music business affiliate) and YG Entertainment of South Korea. GMM Music had bought all of 49% YG's shares in YGMM, making it 100% ownership of GMM Music.
Yet, this does not mean the complete end of business relationship between the 2 entities. YG has moved onto the parental GMM itself. In the report to SET submitted on 20th November 2025, YG Entertainment had bought 1.66m stocks or 0.2075% of GMM Music from GMM.
The key factor of this move is expected to be the turnover. Since its conception in 2021, YGMM had raked in 1,787,366 THB of income and 82,693,433 THB of deficit. Without any debuted artist to absorb the cost, the K-pop training system might be too financially burdensome.
Following the shareholder restructure, YGMM reported changed its name to GMM Tempo on 19th December 2025. SNS accounts of YGMM have closed down while its trainees have been dispersed to various labels under GMM Music umbrella.
