YG Entertainment has responded to a report that came out today regarding a Korean-Chinese collaboration movie or drama with China's�Yue Hua Entertainment. Their response seems to be that although it's true that they are in the discussion of receiving investment for a production, nothing has been actually worked out yet.

SEE ALSO: ALICE member Kim So Hee to marry a businessman 15-years older & retire from the entertainment industry

One YG rep told Star News on the 4th, "The rumors that we are in works for a content-related, collaborative production with Yue Hua Entertainment are not true."�However, another YG rep was a little more cautious about giving a definitive answer, responding, "It is true that we are in talks with Yue Hua Entertainment regarding investment due to our close relationship, but we would need to look into it more before confirming whether or not there will be a collaborative drama or movie released in both countries as stated in the report."

YG Entertainment is known to have ties with the Chinese company and is said to have had a helping hand for Yue Hua Entertainment's debut of the Korean-Chinese group UNIQ.