Stock experts are saying YG's future is in doubt
YG Entertainmet is at the crucial moment in its history. Korean stock experts are now saying YG's future is in doubt.
BIGBANG's TOP has been recently charged with smoking marijuana. And you know, it's not the first time YG artist is mixed up in a drug scandal. G-Dragon was charged with smoking marijuana in 2011, while 2NE1's Park Bom linked her name with a drug scandal in 2014.
Whenever YG artists were mixed up in a drug scandal, Yang Hyun Suk tried to defend them. And it's true the artists didn't take tough punishment. That's why s suspicion has been raised that YG has a special bond with the government and always covers up its artists' drug scandals.
Well, have you heard about Choi Soon Sil? She's currently standing trial for meddling in state affairs as President Park Geun Hye’s confidant. President Park Geun Hye is also on trial, while the trial is a national concern in Korea now.
By the way, YG is suspected of having relevance to the political scandal. There are some reasons for it. First, famous music video director Cha Eun Taek, who is very close to Choi Soon Sil has filmed some music videos of YG artists' songs including BIGBANG's "Lies" and Psy's "Hangover," while it is said that he has recommended Yang Hyun Suk's brother Yang Min Suk as the key member of Presidential Committee for Cultural Enrichment. Second, it is suspected that Choi Soon Sil's sister's daughter Jang Siho has done her internship in YG even though she was not qualified as the agency's intern at all, while it is also suspected that the daughter of Cho Yoon Sun, the minister of Culture, has done her internship in the agency. Lastly, BIGBANG, the representative boy group of YG has been named an honorary ambassador for CREATIVE KOREA campaign which was directed by Choi Soon Sil.
Check out what Korean lawmaker Ahn Minsuk talked about YG's relevance to the scandal.
There are suspicious circumstances that Choi Soon Sil and her sister's daughter Jang Siho have tried to seize power in the entertainment world. 10 years ago, Choi Soon Sil and her sister Choi Soon Deuk treated the members of Whirl Wind Soccer Club to meals, while many popular entertainers are in the club. That's how they made connections with entertainers. And Choi Soon Deuk is now giving full support to a big agency. The head of the agency is the one who is so popular among young people.(He didn't mention the name) And a famous singer, who is very intimate with Choi Soon Sil and Jang Siho has performed so many times at the international events as if he was the representative kpop singer.(He didn't mention the singer's name either) He is a good singer, but I can't understand why he always has been chosen as the representative kpop singer because there are so many other singers who are as popular as him. I mean, everything was thanks to Choi Soon Sil. It's not my opinion. It's fact.
In this situation, yeah, Korean stock experts are now saying YG's future is in doubt. But it is not just because YG is suspected of having relevance to the political scandal. The problem is that we have a new president now and he's totally different from president Park Geun Hye. The new president, Moon Jae In has a progressive tendency and he wants to reform Korean Prosecutors.
So, if YG had a special bond with the previous government and the agency could cover up all the drug scandals in illegal ways, what do you think it means? Yeah, YG will not able to do the same thing any more under the new government. That's why Korean stock experts are now saying YG's future is in doubt. Stock experts are very meticulous about money matters, and they think YG has a potential risk factor.
Of course, there is still a chance that YG will remove all the concerns and keep on rolling. But, what's certain is that YG should be changed. YG has been considered as a bossy and arrogant agency by some people in the k-pop industry because the agency didn't even make a statement about their artists' love scandals and didn't seem to even care about all the drug scandals. So, it's up to Yang Hyun Suk. He has been put to the test as a CEO.
<K-pop Secret Vol.2: Unknown Stories about K-pop Industry>
K-pop Secret Vol.2 contains unknown stories about k-pop industry. The author, who has been working as a k-pop journalist since 2010 gives you answers to some questions about k-pop industry such as “Do k-pop idols really sing live?” “How do k-pop chart shows choose their no.1 of the week?” and “Who’s the best singer among k-pop idols?”