YG Entertainment founder's younger brother reinstated as co-CEO

▲ YG Entertainment co-CEO Yang Min-suk (Yonhap)

YG Entertainment-leadership

YG Entertainment founder's younger brother reinstated as co-CEO

SEOUL, July 1 (Yonhap) -- Yang Min-suk, the younger brother of K-pop powerhouse YG Entertainment's founder Yang Hyun-suk, has been reinstated as the firm's co-CEO, the company said Friday.

YG made the announcement in a regulatory filing, saying Yang Min-suk and current CEO Hwang Bo-kyung have been appointed as co-CEOs.

The brothers previously served as YG co-CEOs before stepping down in 2019 amid sprawling drug and sex scandals involving the firm and some of its artists.

"Co-CEO Yang plans to strive to reinforce YG's competitiveness by promoting stable activities of its artists and solidifying its cooperation with global partners," YG said.

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