Yang Hyun Suk donates 1 billion KRW (~$980,000) to the newly established YG Foundation

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Yang Hyun Suk established the charity foundation on YG Entertainment's 18th birthday on the 20th. The YG Foundation will support the treatment, rehabilitation, as well as expenses for school and other needs for teenagers and children from families with financial difficulty.

Yang Hyun Suk shared, "We will actively help teenagers and children who are in need... I am extremely joyful that I can finally establish this foundation and can shift my attention towards the practice of charity."

It's said the agency applied for a permit last year and it was recently approved and registered to finally take effect.

Even prior to the establishment of the YG Foundation, YG Entertainment has been actively helping those in need through their 'YG WITH Campaign' through which the agency's executives, artists, and staff had contributed to various causes.