According to various music industry insiders, Psy is even closer to setting up his very own independent label, called PSYG (pronounced P-S-Y-G).
Psy, who's been planning to establish his label for quite some time, is finally fulfilling his dream! Reportedly, the singer completed the process of legally registering his label this past June.
SEE ALSO: Police update investigation into Psy’s alleged proxy pickup of prescription sleep medications
PSYG will operate much like HIGHGRND and The Black Label, independent yet still affiliated to and a subsidiary of YG.
Congrats to Psy, and all the best of luck; we're happy that his dream is realized!
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