59

6

News
Posted by jieun-im 5 days ago

Yoo Hee Yeol, founder of record label Antenna, reportedly purchased a building for 9 million USD for use by his label artists

AKP STAFF


Producer Yoo Hee Yeol, who recently recruited 'National MCYoo Jae Suk to his label Antenna, has become a building owner worth around 10.3 billion won (~$8,942,376 USD).

According to a report by SPOTV News on July 19th, Yoo Hee Yeol, producer and founder of Antenna, recently purchased a building located in Nonhyeon-dong, Gangnam-gu, Seoul for 10.3 billion won. It was reported that Yoo Hee Yeol signed a contract for his purchase last March, and took loans of around 6 billion won (~$5,209,015 USD) from the bank in order to complete his purchase. Regarding the reason for Yoo Hee Yeol's purchase, Antenna label stated that it was an investment made for the record label's artists. Antenna stated, "We want to support our artists so that they can take part in different promotional activities with more freedom. Further, we plan to discover new artists of various genres. In order provide them with a more comfortable and good environment, such as their practice rooms, we have prepared a new office building. We will relocate to the new building in August."

Antenna is the home of talented solo artists such as Sam Kim, Kwon Jin Ah, Jung Seung Hwan, Lee Jin Ah, and now, MC Yoo Jae Suk. In May, it was also previously revealed that Kakao Entertainment's 'M Company' had signed a contract to acquire part of Antenna's shares. Although the amount of shares were not disclosed in detail, it is estimated that Antenna received investments from M Company worth up to 17 billion won. With Antenna's collaboration with Kakao Entertainment, their new contract with the nation's top MC Yoo Jae Suk, and their recent building purchase, a lot of attention is focused on the record label Antenna's future endeavors.

  1. Yoo Hee Yeol
  2. Yoo Jae Suk
4 23,757 Share 91% Upvoted

1

hyukki
hyukki-796 pts 4 days ago 0
4 days ago

I am happy for him. I like one of his artists, Kwon

As for MC Yoo, I think he WILL bring some revenue for Antenna!

Share

1

CHMA111
CHMA11127 pts 5 days ago 0
5 days ago

A new building as soon as Yu Jae Suk joined the agency. We all know that the national MC is Antenna's most important artist.

Share

SHOW ALL COMMENTS

allkpop in your Inbox

BLACKPINK, Jennie
2 days ago   74   15,167
New Message

SEND