YG Entertainment has finally unveiled their new CEO!
On June 20, the company board of directors held a meeting to appoint a CEO; they appointed Hwang Bo Kyung as the new CEO after Yang Min Suk (Yang Hyun Suk Brother) resignation.
Hwang Bo Kyung has been working for YG since 2001; she was serving as the executive director and CFO.
The new CEO says she feels a heavy responsibility and duty during these difficult times and will do her best to straighten out the basics in order for the company to rise again.
It was also revealed that a new business transformation committee will be launched at the board meeting.
Despite the announcement, netizens are not impressed, many of them believe the brothers can still control everything behind the scenes as the biggest shareholders in the company.
It was previously reported that Yang Hyun Suk owns more than 16% in stocks meaning he’s the biggest influencer and stockholder in the company he founded. Even with his resignation and his brother, netizens are not convinced they’re backing out completely.
How do you feel about this?
My Personal Thoughts
She has been in YG for a very very long time. This decision tells me they want to keep it within themselves and can’t afford or don’t want an outsider to step in. This tells me they’re not serious about trying to help YG rise again. the right way.
I never honestly expected otherwise, I knew it was going to be someone they knew well enough. A lot of people are calling her a puppet. I feel sorry for her, she will have to work hard to prove she’s different.
As I said before, if YG continues to operate in the same manner it’ll be noticeable because little difference will be made. These moves are to sway the public and try to convince them YG is opening a new page, however, its clear netizens are not that stupid.
Personally, I am more worried about the producer that’ll take Yang Hyun Suk place, to me that will influence the artists most. Yang Hyun Suk was responsible for the trainees casting, the music part and all of that. If someone who actually has a strong character was to take over, you’d probably notice all artists come back in less time than they usually have.