Simon D (30) is rumored to have found a new home at Jay Park (27)'s label AOMG.

SEE ALSO: Simon D parts ways with Amoeba Culture

A music insider stated on March 9, "Simon D has become the co-CEO of label AOMG which Jay Park established in October of last year... The two of them will hold hands and will lead the agency artists and producers together."

"Simon D had a lot of interest in pursuing music with new musicians in a new environment... The two of them want to spread Korean hip hop overseas and plan to help the label flourish in not just music but concerts, fashion and hip hop culture."

It has been reported that Simon D and Jay Park decided to work together due to their common passion for hip hop and same goals in managing a label. Simon D, who celebrates his birthday on the 9th, recently held a birthday bash concert 'BACKnFORTH-Re:Birthday' at club 'THE A' in Gangnam on the 8th and performed with DJ Pumpkin, DJ Wegun, and AOMG artists.

Stay tuned for confirmation on this exciting partnership!

Update: It appears this has been confirmed by the the official AOMG Twitter account & official Simon D Instagram: AOMG 2 C.E.O @jparkitrighthere & SIMON DOMINIC#aomg#followthemovement | RE:BiRTH AOMG #AOMG#followthemovement

RE:BiRTH AOMG #AOMG #followthemovement pic.twitter.com/juOTp1yOH3

— AOMGOFFICIAL (@AOMGOFFICIAL) March 8, 2014