YG Entertainment will be starting out a company in China.
A representative from the label stated, “In order to expand our business ventures in greater China, we are planning to start a separate company there… We are currently cooperating with our partners to create a company, but we are unable to mention the specific details on what it will be like as of now.”
Hong Kong’s South China Morning Post also said that the label is confident in making their advancement in China after the success of PSY and BIGBANG‘s world tour. They also foretold that online downloads and physical album sales in the country have less profits so they’re planning to focus on events and concerts.
Source: allkpop
Article by: Marielle
Edited by: Karolina
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