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Korea’s YG Entertainment Sets Yang Min-seok as CEO, Gives BabyMonster Official Debut – Global Bulletin

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Patrick Frater Asia Bureau Chief YG Entertainment, the firm behind K-pop sensation Blackpink, has appointed Yang Min-seok as its new, sole CEO.

The younger brother of company founder Yang Hyun-sun, he was previously joint CEO with Hwang Bo-kyun. The announcement was made shortly after YG’s annual shareholder meeting that closed the books on a year in which revenues climbed 65% to $430 million.

The firm, which recently denied that it had paid $30 million to retain its position with Blackpink (but saw the girl group’s individual members sign personal representation contracts with other agencies) is busily launching BabyMonster, another all-female act that is seen in some circles as a successor to Blackpink.

BabyMonster, which was formed late last year through reality TV show “Last Evaluation 2023,” is a seven part group with members from Korea, Thailand and Japan.

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