BLACKPINK harmed YG, the "big man" officially received a bitter end for being mean to G-Dragon

Recently, the closing price of YG Entertainment's stock was at 52,000 won (40 USD), marking a downward trend for the fourth consecutive trading day.

Specifically, YG shares decreased by 2,800 won (2.16 USD) from 54,800 won (42.19 USD) to 52,000 won (40.03 USD). This plunge wiped out about 83.5 billion won (about 64 million USD) of the company's market capitalization, which currently stands at 963.9 billion won (742.6 million USD).

The decrease of up to 5.11% is largely due to recent news related to G-Dragon.

This is not the first time G-Dragon has affected YG's stocks. In June, YG lost 130 million USD in market capitalization after news that the Big Bang leader did not renew his contract.

In the Kpop entertainment industry, G-Dragon has a position like a "king", having great influence not only in the field of music but also in fashion. Losing the "golden egg" is clearly a wrong move for YG.

Seeing YG receive bitter consequences, the happiest people are probably G-Dragon's fans.

Many comments on this topic were left on online forums: "There is no doubt that he is YG's number one artist, helping the company grow as strong as it is now and what he receives Big Bang was the factor that made YG the Big 4 company it is today, but YG neglected them and was stuck with creating the next generation of Big Bang. and 2NE1", "It's their fault, they deserve it. They should have supported their artists more", "Let's face the fact that YG no longer has the number one position like before"...

On November 21, director Jo Sung Hae of Galaxy Corporation announced to the press: "Galaxy Corporation has signed an exclusive contract with artist G-Dragon. This press conference is intended as a preparation step for G- Dragon so he can return safely and stand before the public after a difficult time."

This statement ends the 17-year journey with YG of the male singer born in 1988.

On December 22, Sports Seoul reported that the deciding factor that made G-Dragon choose to join Galaxy Corporation instead of staying at YG Entertainment was the way he handled the media crisis related to the previous banned substance scandal.

According to reports, the male artist is preparing to renew his contract with YG to release a new album. However, he was entangled in controversy over allegations of banned substances during that time.

At the time when G-Dragon was in the most difficult phase of his career, as a management company, YG made no move to protect the artist, instead bluntly denying their relationship with him.

"It's difficult to give an official response because he is not an artist under our company," YG responded.

Industry insiders speculate that from YG's perspective, supporting G-Dragon when founder Yang Hyun Suk is being prosecuted is a big challenge.

On the contrary, Galaxy Corporation sees this as an opportunity to attract the "King of Kpop". Galaxy's CEO, Choi Yong Ki, who has a close relationship with G-Dragon, actively defended him as well as provided useful legal advice to help the male singer take the right steps. .

After that, many media outlets reported that G-Dragon signed an exclusive contract with Galaxy Corporation. Upon learning this, Yang Hyun Suk is said to have expressed anger and asked G-Dragon to resolve the relationship with Galaxy and renew with YG.

However, G-Dragon did not follow suit. The media commented: "G-Dragon's significant dissatisfaction with YG plays a significant role."

BLACKPINK's contract extension with YG is actually a conspiracy: Many shocking stories behind it Bình Yên15:24:15 20/12/2023After Blackpink renewed their contract with YG, information about the girls was of interest to the media. Specifically, after the news of renewing the contract of the 4 YG girls, the company's stock price increased by about 30% in just about 1 week.