Netizens are expressing doubts whether Yang Hyun Suk really stepped down from YG.
This is because Yang Hyun Suk still has the largest stake in YG Entertainment shares at 17.31% as of the end of last year. Also, even though the agency appointed a new CEO Hwang Bo Kyung, she's rarely seen, casting doubts whether Yang Hyun Suk and his brother Yang Min Suk really stepped down from their positions.
After a steep decline in YG Entertainment stocks due to Seungri's 'Burning Sun' scandal and Yang Hyun Suk's endless investigations over prostitution, tax evasion, and 'hwanchigi', YG stocks rose up to 41,000 on the 29th, hitting a 52-week high. Many speculate that his is because of BLACKPINK's 'How You Like That' comeback.
- [+819, -27] I heard this directly from staff at YG that Yang Hyun Suk didn't quit. YG is still in the hands of Yang Hyun Suk and his brother Yang Min Suk
- [+661, -16] Isn't it obvious? Nothing has changed as long as Yang Hyun Suk doesn't sell his shares.
- [+584, -124] I remember when they couldn't sell out tickets Blackpink's concerts even after they started giving out free invitations. It was still empty. ㅋㅋㅋ 90% of their YouTube views are from kids in South East Asia. Yang Hyun-suk is going to exaggerate like that, eat and run up the stocks while he distributes drugs in the back and gives luxury bags to prostitutes for sexual favors.
- [+48, -8] Why they keep writing falsehoods like Blackpink saved YG? They barely had enough fans to fill out the concert and had to give out free invites. They don't even have a full album to tour with. What money is Blackpink bringing in exactly? They're popular in SEA but where's the money in that?
- [+46, -11] What has Blackpink done to save YG? ㅋㅋ They're popular overseas but have yet to win a daesang in Korea let alone a Billboard award ㅋㅋ. From the way they're talking you'd think they're selling out stadiums, winning Billboards and eating up the industry.
- [ +45, -5] Stop taking us for fools. We know what's going on alreadyㅋㅋㅋㅋㅋㅋㅋㅋㅋ
- [+25, -5] Regardless of who the CEO is YG is always going to be controlled by Yang Hyun Suk ㅋㅋㅋㅋㅋㅋㅋㅋ. Are they taking us for fools? ㅋㅋㅋㅋㅋㅋㅋㅋ
- [+20 -6] They must think we have poop for brains ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ
Additional Source: (1)