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

By yckim124   Friday, March 17, 2017   52,686   7,710   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: AKP PLAYLIST: Best Remixes of Your Favorite K-Pop Tracks


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).

  1. misc.
  2. yg entertainment
  3. naver


Squattingpanda Sunday, March 19, 2017

yasss yg get that support 🔥🔥

skididdlepopper Saturday, March 18, 2017

things are happening

alfonzo Saturday, March 18, 2017

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

LAFF92 Saturday, March 18, 2017

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.

megamanx LAFF92 Saturday, March 18, 2017

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.

rrodriguez0309 Friday, March 17, 2017

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!

sehyunkimm rrodriguez0309 Saturday, March 18, 2017

it doesn't really work like that

alfonzo sehyunkimm Saturday, March 18, 2017

exactly work like that!

lume90 Friday, March 17, 2017

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

dysdys lume90 Sunday, March 19, 2017

goshhh

lume90 dysdys Friday, March 24, 2017

equity stake, stocks, shareholders, etc.

whatever101 Friday, March 17, 2017

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

Calamity10 whatever101 Friday, March 17, 2017

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

federick Friday, March 17, 2017

Show Me The Money!

intricate Friday, March 17, 2017

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

intricate Friday, March 17, 2017

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

intricate Friday, March 17, 2017

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

Hyungshi Friday, March 17, 2017

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

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