YG Plus

Last updated
YG Plus Inc.
Native name
YG 플러스
FormerlyPhoenix Holdings Inc.
Company type Public
KRX: 037270
Industry
FoundedNovember 15, 1996;27 years ago (1996-11-15)
Headquarters
07326 10, Gukjegeumyung, Yeongdeungpo, Seoul
,
South Korea
Key people
Choi Sung-jun (CEO)
Yang Min-seok (chairman of the board of directors)
Products
Revenue
  • Increase2.svg 1.4 trillion (US$1.23 billion) (2022)
  • 1.2 trillion (US$1.05 billion) (2021)
  • Increase2.svg 220 billion (US$192.32 million) (2022)
  • 103 billion (US$90.04 million) (2021)
  • Decrease2.svg 167 billion (US$145.99 million) (2022)
  • 226 billion (US$197.56 million) (2021)
Total assets
  • Increase2.svg 2.41 trillion (US$2.11 billion) (2022)
  • 2.23 trillion (US$1.95 billion) (2021)
Owner
Parent YG Entertainment
Subsidiaries see list
Website ygplus.com
Footnotes /references
[2] [3] [4]

YG Plus Inc. (previously Phoenix Holdings Inc.) is a South Korean publicly traded media and advertising company acquired by YG Entertainment in November 2014. In 2019, the company entered the music distribution industry and also engages in production, distribution, and licensing of merchandise related to music artists. In January 2021, Hybe Corporation and its technology subsidiary, Weverse Company, acquired 17.89% of the company in a merchandising and distribution deal that would see YG Entertainment's artists join Weverse in return.

Contents

History

YG Entertainment acquired Phoenix Holdings, a public relations company from Bongwan Group, in November 2014 and rebranded it as YG Plus. [5] [6] Yang Min-suk, the younger brother of YG Entertainment founder Yang Hyun-suk, was appointed as the company's CEO, with YG Entertainment owning 38.6% of the company's shares. [7] In 2019, the company entered the music distribution industry. On January 27, 2021, it was revealed that Hybe Corporation, and its technology subsidiary, Weverse Company (formerly beNX) invested 70B KRW (~63M USD) in the company, [8] acquiring 17.9% of the company in a merchandising and distribution deal that would see YG Entertainment's artists join Weverse in return. [9] In March 2021, Choi Sung-jun was appointed as the new CEO while Yang Min-suk was appointed as the executive director for the company. [10]

Notable distributed labels

Present

South Korean (as of 2021)

Former

Subsidiaries

Moonshot

Moonshot (stylized in all lowercase) is a cosmetics brand launched by YG on October 2, 2016. [11] Developed with China's Huanya Group and in partnership with the cosmetics manufacturing company COSON, the brand is named after Apollo 11's historical 1969 landing on the Moon. Its cosmetics are manufactured in South Korea and sold online as well as in-store in Samcheong, where according to Paik Ho-jin, an employee of the brand, Chinese shoppers account for 40-50% of the customers. [12] As part of YG's partnership with French luxury conglomerate LVMH, Moonshot was launched at 11 Sephora stores in Singapore and at 13 Sephora stores in Malaysia on September 24, 2015.

Nona9on

Nona9on is a luxury street-wear brand founded in early 2012 by YG and Samsung’s textile subsidiary company Cheil Industries. [13] [14] It operates through secondary retailers and pop-up stores, such as its first pop-up at Apgujeong’s Galleria Department Store. Following its domestic success, the clothing line also quickly sold out in its first international pop-up stores in 10 Corso Como shops in Milan, as well as other locations in Shanghai and Hong Kong. The brand plans to open a pop-up store at JayCo in Taiwan. It often features Bobby & B.I from iKon and Lisa from Blackpink in their commercials and promotions. [12]

YG Sports

YG Golf Academy was established in March 2015, by acquisition of G-AD Communication, a golf agency that handled notable professional South Korean golfers such as Kim Hyo-joo, with YG Plus' aims to expand into golf businesses. [15] Leading golf coach Han Yeon-hee was recruited as the head instructor of the academy. In January 2017, it was renamed as YG Sports to expand into sports businesses. [16]

YG Studioplex

YG Studioplex (stylized in all caps) is a TV drama production company jointly established by YG and Barami Bunda Inc. in April 2017. The studio will "specialise in the production of Korean Wave contents" and enter the global market. [17] The studio was preceded by YG's attempts to get involved in the content production industry, following in the footsteps of SM Entertainment's SM C&C and CJ E&M (now CJ ENM)'s Studio Dragon. In 2016, YG participated in a joint production with NBCUniversal by investing in SBS's Moon Lovers: Scarlet Heart Ryeo . Since then, YG has also actively recruited program directors (PD) from various terrestrial broadcasters, including Producer Park Hong-kyun, who worked on MBC's Queen Seondeok and The Greatest Love .

Works

Other assets

Seoul Music

SEOUL MUSIC (서울뮤직) is YG Plus' brand for music promotion and distribution, which started in June 2019 after it took over the operation of social media accounts of the now-defunct sister label HIGHGRND. [18]

Related Research Articles

<span class="mw-page-title-main">Sephora</span> French cosmetics retailer

Sephora is a French multinational retailer of personal care and beauty products with nearly 340 brands, along with its own private label, Sephora Collection, and includes beauty products such as cosmetics, skincare, fragrance, nail color, beauty tools, body lotions, and haircare.

<span class="mw-page-title-main">Sandara Park</span> South Korean singer (born 1984)

Sandara Park, known mononymously as Dara (다라), is a South Korean singer, actress and television presenter. She rose to fame in the Philippines as a contestant on the talent show Star Circle Quest in 2004, after which she had a successful acting and singing career before returning to South Korea in 2007. She made her South Korean debut in 2009 as a member of the K-pop group 2NE1, which went on to become one of the best-selling girl groups of all time before their disbandment in 2016. Park is one of the most popular South Korean celebrities in the Philippines and is recognized as one of the leading figures in the spread of the Korean wave into the country.

Dreamus is an electronics and entertainment company founded in 1999 originally as ReignCom. Currently headquartered in South Korea, it is the parent company of South Korean-based iRiver, Astell & Kern and FLO, as well as Yurion and Funcake Entertainment Services. Since 2014, it has been a subsidiary of SK Telecom when it was formerly known as iRiver.

<span class="mw-page-title-main">CJ Group</span> South Korean conglomerate holding company

CJ Group (Korean: 씨제이) is a South Korean international conglomerate holding company and one of the largest chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, entertainment and media, Pager and Telephone. CJ Group was originally a branch of Samsung.

<span class="mw-page-title-main">Lexy (singer)</span> South Korean singer

Hwang Hyo-sook, better known by her stage name Lexy, is a South Korean singer and rapper who debuted in 2003 under YG Entertainment. She was the first solo female rap artist to debut under the company.

<span class="mw-page-title-main">Yang Hyun-suk</span> South Korean music producer and singer (born 1970)

Yang Hyun-suk is a South Korean music executive, rapper, dancer, songwriter, and record producer. He rose to fame as a member of Seo Taiji and Boys during the 1990s. After the group disbanded, he founded and became the executive producer and chairman of YG Entertainment, the fourth-largest record company in South Korea.

<i>Stand Up</i> (EP) 2008 EP by Big Bang

Stand Up is the third Korean extended play by South Korean boy group Big Bang, it was released on August 8, 2008. The EP sold over 140,000 copies by the end of the following month, supported by the popularity of the number one hit single "Haru Haru". The song became one of the most downloaded singles of all-time in South Korea.

<span class="mw-page-title-main">YG Entertainment</span> South Korean entertainment company

YG Entertainment Inc. is a South Korean multinational entertainment agency established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. In addition, the company operates a number of subsidiary ventures under a separate public traded company, YG Plus, which includes a clothing line, a golf management agency, and a cosmetics brand.

<span class="mw-page-title-main">Etude House</span> South Korean cosmetics brand

Etude House (Korean: 에뛰드하우스) is a South Korean cosmetics brand owned by Amore Pacific. The brand name 'Étude' means 'study' in French. As of 2018, there were 393 Etude House stores, and in 2019, only 285 Etude House stores.

CJ Entertainment is a South Korean film production and distribution company under CJ ENM Entertainment Division. The company operates as a film production company, film publishing house, investment and exhibition.

<span class="mw-page-title-main">The Baddest Female</span> 2013 single by CL

"The Baddest Female" is a song by South Korean rapper and singer-songwriter CL, a member of 2NE1. It was produced by long-time collaborator and fellow YG Entertainment label mate Teddy Park. The song was released digitally on May 28, 2013, with the accompanying music video uploaded to YouTube at the same time of release. The video reached more than one million views in less than 24 hours. Musically, "The Baddest Female" is a hip hop song that incorporates elements of dubstep and electro.

Hybe Co., Ltd. is a South Korean multinational entertainment company established in 2005 by Bang Si-hyuk as Big Hit Entertainment Co., Ltd. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. It has multiple subsidiaries, including Big Hit Music, Source Music, Pledis Entertainment, Belift Lab, KOZ Entertainment, and ADOR, collectively known as Hybe Labels.

The sixth and final season of the South Korean reality television competition show K-pop Star, also branded as K-pop Star 6: The Last Chance, that premiered in SBS on November 20, 2016, until April 9, 2017. It aired every Sunday evenings as part of the Good Sunday lineup. Yang Hyun-suk, Park Jin-young, and You Hee-yeol will return as judges.

<span class="mw-page-title-main">Bang Si-hyuk</span> South Korean music producer (born 1972)

Bang Si-hyuk, known professionally as "Hitman" Bang, is a South Korean songwriter, producer, and record executive. He is the founder of Big Hit Music and Hybe Corporation, and chairman of the latter.

<i>Love Alert</i> 2018 South Korean television series

Love Alert is a 2018 South Korean television series based on the web novel of the same name by Seo Han-kyul. It stars Yoon Eun-hye and Chun Jung-myung. It aired on MBN's Wednesdays and Thursdays at 23:00 KST from October 31 to December 20, 2018.

<span class="mw-page-title-main">Lisa (rapper)</span> Thai rapper (born 1997)

Lalisa Manobal, known mononymously as Lisa (Korean: 리사), is a Thai rapper, singer, dancer, and actress. She is a member of the South Korean girl group Blackpink, which debuted under YG Entertainment in August 2016. She is set to make her acting debut in 2025 in the HBO television series The White Lotus.

The Black Label Inc. is a South Korean record label and an associate company of YG Entertainment. It was founded in 2015 by YG producer Teddy and Kush.

<span class="mw-page-title-main">Enhypen</span> South Korean boy band

Enhypen is a South Korean boy band formed by Belift Lab, formerly a joint venture between CJ ENM and Hybe Corporation, through the 2020 survival competition show I-Land. The group consists of seven members: Heeseung, Jay, Jake, Sunghoon, Sunoo, Jungwon, and Ni-ki. They debuted on November 30, 2020, with the extended play (EP) Border: Day One.

<span class="mw-page-title-main">Big Hit Music</span> South Korean entertainment company

Big Hit Music, formerly Big Hit Entertainment, is a South Korean record label established in 2005 by Bang Si-hyuk. It was re-branded and re-structured into an independent label under Hybe Corporation in March 2021. As of date, the label is home to soloist Lee Hyun, and boy groups BTS and Tomorrow X Together. It previously managed soloist Lim Jeong-hee, and groups 8Eight, 2AM, and co-managed Glam.

<span class="mw-page-title-main">Weverse</span> South Korean mobile app and web platform

Weverse is a South Korean mobile app and web platform created by South Korean entertainment company Hybe Corporation. The app specializes in hosting multimedia content and artist-to-fan communications for musicians while its e-commerce counterpart, Weverse Shop, sells artist-related merchandise and subscriptions for content on Weverse.

References

  1. "YG PLUS, INC. (A037270)". March 9, 2023. Retrieved March 9, 2023.
  2. "YG PLUS - Company Profile and News - Bloomberg Markets" . Retrieved August 17, 2021 via Bloomberg L.P.
  3. "Financials - YG PLUS". YG Plus. Retrieved November 2, 2023.
  4. "YG Plus Ownership Structure". YG Plus.
  5. Cha, Jun-ho (July 29, 2021). "Lessons learned from Blackpink label's M&A flops". Korea Economic Daily . Retrieved August 17, 2021.
  6. Yoo, Yoon-Jeong. "보광, 실적 악화일로…홍석규 회장, 계열사 지분 잇따라 처분". Chosun Biz (in Korean). Retrieved August 17, 2021 via Naver.
  7. "Min-Suk Yang, YG Entertainment Inc: Profile and Biography" . Retrieved August 17, 2021 via Bloomberg L.P.
  8. Hwang, Hye-jin (January 27, 2021). "빅히트 측 "YG에 700억 규모 투자 단행, 음반음원 유통 사업 협업"(공식)". Newsen (in Korean). Archived from the original on April 16, 2021. Retrieved April 9, 2021.
  9. Alexei Barrionuevo (January 28, 2021). "BTS' Label Big Hit Entertainment Buys Stake in K-Pop Rival YG Entertainment". Microsoft News. Archived from the original on June 9, 2021. Retrieved June 9, 2021.
  10. "Sung-Jun Choi, YG Plus: Profile and Biography - Bloomberg Markets" . Retrieved August 17, 2021 via Bloomberg L.P.
  11. "Moonshot Cosmetics Official Website" . Retrieved September 25, 2015.
  12. 1 2 "South Korean pop culture taking Asia by storm". Nikkei Asia. January 8, 2015. Retrieved September 25, 2015.
  13. "YG Entertainment and Samsung's Cheil Industries Partners to Launch New Global Fashion Line". Enews World. Retrieved March 11, 2015.
  14. "YG Entertainment's fashion venture". Korea Times. October 13, 2014. Retrieved October 23, 2014.
  15. Won, Jeon (March 3, 2015). "YG, 골프사업 본격 진출… '김효주 소속사 인수'".
  16. Shin, Chang-beom (January 31, 2021). 골프 업체 지애드, 'YG스포츠' 사명 변경. Chosun Ilbo (in Korean). Retrieved August 19, 2021.
  17. "[단독]YG스튜디오플렉스 설립…CJ-SM 이어 '드라마 韩流' 빅뱅". April 27, 2017.
  18. SEOUL MUSIC / 서울뮤직 (June 18, 2019). "SEOUL MUSIC - Introduction". YouTube . YG Plus, Inc. Retrieved August 30, 2021.