The Black Label started in 2015 as a boutique label for Teddy (and Kush), but there are signs that Teddy is preparing for something bigger.
Teddy (CEO, main producer for Blackpink and Somi), Soonhoc (lead manager), and Vince (artist-producer) grew up in the US. They all speak English fluently and understand the culture.
Somi (born in Canada, fluent English) was chosen as the first (and only, so far) pop artist on the label (everyone else mainly produces for others and/or themselves). Teddy won her over by talking about his plans for her, which likely included eventually moving into the Western market once she had improved her skills and established herself. Somi signed to Interscope last year (alongside BP), and has done a few western promos on big western Youtube channels. Following Somi's success in 2021, Teddy might have decided Somi was ready to start the Western push, since she has recently came out with an MV for the English b-side 'Anymore', and has promoted in English on 'First We Feast' and Vogue, hinting at upcoming "crazy news".
TBL has a girl group in development. Although they are associated with YG, TBL was still a new company without any idols before Somi joined, so selecting Somi was a statement about the direction that TBL was going with its future idols, and a way to attract top trainees. They have used Somi's vlog series "I Am Somi" to advertise how good it is to be an artist at the label (work directly with and be mentored by Teddy, more artistic independence, close supportive staff, plenty of brand deals, get close to other big artists like BP), as well as subtlety establishing the type of artists that they are looking for by using Somi as the representative (Somi is basically TBL's ambassador: watch her episode of 'The Manager' for another example). They even showed Somi sitting in on a monthly assessment of the trainees (without showing their faces).
The GG might follow the same path as Somi, first improving their skills in Korea, and then making an international debut (assuming that is what Somi is up to).