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Korea's largest internet portal Naver invests $90 million USD in YG Entertainment

By yckim124   12 days ago   50,707   7,701   47
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South Korea's largest internet portal Naver has officially established a partnership with YG Entertainment.


On March 17, media outlets reported that Naver is investing around $90 million USD in the entertainment agency for a 9.14% equity stake. This is the first investment by Naver after the appointment of new CEO Han Sung Sook


With the newly established partnership, Naver and YG Entertainment- one of Korea's biggest entertainment agency- are expected to create great synergy and produce diverse global content. 


SEE ALSO: SM to release a compilation album of all 57 songs from 'SM Station season 1'!


Naver has also become the second largest stakeholder in YG Entertainment following its founder. 


Regarding the new partnership, a rep from YG Entertainment stated, "We can now look forward to a stable growth in the changing global environment with increased content accessibility through Naver, which attracts global users through Naver, V Live, LINE, Snow, and more."


YG Entertainment previously received an $80 million investment from LVMH (Parent company to Louis Vuitton, Dior, Fendi, and many other companies) along with an $85 million investment from Tencent (one of China's largest internet companies).

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    Tags:

    1. misc.
    2. yg entertainment
    3. naver


    Squattingpanda 11 days ago

    yasss yg get that support 🔥🔥

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    skididdlepopper 11 days ago

    things are happening

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    alfonzo 12 days ago

    how is this legal? Disgusting! I don't have problem with money but this gives a reason for misuse. This is against all of kpop entertainment except of YG of course

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    LAFF92 12 days ago

    AS I said before, when LVMH ( Louie Vuitton , Fendi etc parent company) invested around 2014. I thought, hmm, YGE must be doing something right.Then followed by Tencent. These companies will not invest if they don't see $$$, and now Naver. I'm pretty sure these companies have their own group of MBA's to assess the risks and rewards as investors and partners of YGE, hopefully not graduates from AKP School of Business though, LOL.

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    megamanx LAFF92 11 days ago

    Actually, LVMH's investment was a loss. Back when they invested the 80 million, YG's stock was like $40. LVMH sold all their YG stock at a loss when YG was trading around $30 so they sold those shares at 60 million.

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    rrodriguez0309 12 days ago

    so the top article for the next years to come will be YG artists. yg literally now controls journalist to his will. if the yg artist's do something negative it won't be on the top of the search engine at least on naver!

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    sehyunkimm rrodriguez0309 12 days ago

    it doesn't really work like that

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    alfonzo sehyunkimm 12 days ago

    exactly work like that!

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    lume90 12 days ago

    So what does it mean when someone invest money into someone else like that?

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    dysdys lume90 10 days ago

    goshhh

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    lume90 dysdys 5 days ago

    equity stake, stocks, shareholders, etc.

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    whatever101 12 days ago

    a search site investing money in a Big 3 label, DEFINITELY not gonna see YG artists search results showing up over everyone else no doubt

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    Calamity10 whatever101 12 days ago

    As well as when YG artist will have a scandal, it will be easily shut down.

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    federick 12 days ago

    Show Me The Money!

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    intricate 12 days ago

    every search's top hit will be some lyric from a YG artist song.

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    intricate 12 days ago

    search "gun violence" in Korean, result: BANG BANG BANG!

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    intricate 12 days ago

    search "intimacy" in Korean, result: NAMJA DEUREUN UIRO! YEOJA DEUREUN GET LOW!

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    Hyungshi 12 days ago

    at this rate soon Mcdonalds will also have a share at YGE

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