YG's finances are on the brink of the abyss, with a deficit of tens of billions of VND, Jisoo reveals a shock

After the 4 members of BLACKPINK left one after another, YG Entertainment experienced a difficult year financially. The company even bore losses of up to tens of billions of VND.

YG Entertainment, one of Kpop's top four entertainment companies, has experienced a difficult financial year in 2024, recording a net loss for the first time in its history. According to the estimated financial report, YG expects to achieve revenue of about KRW 365.8 billion (USD 250.4 million) but has to bear an operating loss of up to KRW 23.9 billion (USD 16.4 million). The company's total net deficit is estimated at KRW 500 million ($342,268).

Previously, YG Entertainment had financial difficulties in 2019 with a net income deficit, but never reported an operating loss. If 2024 financial projections come true, it will be the first time the company has faced both types of losses, indicating major challenges in maintaining profitability and competitiveness.

To regain its position, YG Entertainment has announced a strategy to focus entirely on music. At the same time, stop managing actors to focus on artist development and music production.

In addition, the "big man" also announced plans for the comeback of several groups, including BLACKPINK, and continued 2NE1's reunion global tour in 2025. YG expects these activities to help improve its financial situation and strengthen its position in the market.

Before the shocking information, the Kpop fan community, especially Korean netizens, had many mixed reactions. Many people expressed concern about the direction of the company:

- The artists who made money have all left, who is still staying to revive the company?

- BABYMONSTER is being promoted very strongly on YouTube, but will it be enough to turn the tide?

- BABYMONSTER has potential, but has not shown its full potential. The production part needs to be invested more.

- BLACKPINK can help YG get back on their feet, but if there is no change in management, the future is still very dim.

- This company hasn't been operating efficiently for over a decade, it's surprising that they still exist.

- It's amazing that YG still survives after the Burning Sun incident...

Some people also pointed out that, compared to other entertainment companies such as SM and JYP, YG does not seem to have a steady development over time. Despite facing many difficulties, the "big man" still has a chance to recover if the right strategy is implemented.

With the return of BLACKPINK and 2NE1, as well as the development plan of BABYMONSTER, the company expects to regain its position in the Kpop entertainment industry. However, whether these changes will be enough to help YG overcome the crisis is still a big question mark.

In the midst of this, Jisoo suddenly revealed about BLACKPINK's comeback and tour plans in the online entertainment talk show "Salon Drip 2". Accordingly, after discussing her solo album "Amortage" and the challenges of leading her company BLISSOO, she announced plans for the group's full comeback and concert in 2025.

When MC Jang Do Yeon asked, "Maybe there are a lot of fans waiting for the return of BLACKPINK in general," Jisoo said, "We are planning to release an album and will also go on tour." She also affirmed: "We will come back as four people this year."

For her part, on February 14, Jisoo will release a solo mini-album titled "Amortage" consisting of four songs: "earthquake", "Your Love", "TEARS" and "Hugs & Kisses". This is a product that female idol fans have been waiting for for a long time after the great success of the mini album "ME" in 2023.

These days, the eldest sister of BLACKPINK constantly releases posters showing off her personality and bold image that is different from the image of Miss Korea at YG Entertainment. She is beautiful, charming in shaggy hair, dispelling the prejudice of "one color".

BABYMONSTER flatters 2NE1, ignores BLACKPINK at concert, still achieves great results? Snow15:02:03 25/01/2025Today (January 25), BABYMONSTER's world tour will officially kick off. Here, the 7 female idols will do something special for the group in the same company - 2NE1.