After numerous scandals and police investigations, Yang Hyun Suk announced back in September 2019 that he will resign from his executive position at YG Entertainment and “let go of all works” involved with YG.
But news reports suspect that Yang Hyun Suk hasn’t completely let go of the reigns. According to the year-end reports, Yang Hyun Suk is still the major stockholder of the company with 17.31% shares.
That means he can still play a major part in the company’s decisions. Reports criticized him, claiming that his resignation letter means nothing if he is still the major shareholder.
Under the report, one alleged YG employee claimed that the company is still very much under Yang Hyun Suk’s control.
I’m a YG employee. His resignation is bullsh*t. YG is still under the Yang Hyun Suk and Yang Min Suk brothers’ hands.
— Alleged Employee
Netizens agreed with the alleged employee, claiming that Yang Hyun Suk was taking the public as fools and trying to keep his hold on the company.
“Isn’t it all obvious? Nothing will change until he sells his shares.”
“What do you resign. He’s just using a puppet CEO. It’s all just Hyuk Suk’s plan ㅋㅋㅋㅋㅋㅋㅋㅋㅋ”
“You never know, YG is famous for going back on their word. He’s probably sneakily looking for an opportunity to return.”
“No matter who’s the CEO, it’s all Yang Hyun Suk’s ㅋㅋㅋㅋㅋㅋㅋㅋDo you think we’re stupid?ㅋㅋㅋㅋㅋㅋㅋㅋ”
“In the end, the public are idiots ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ”
Meanwhile, YG Entertainment appointed a new CEO, Hwang Bo Kyung, who has been praised for leading the company is a different direction as she plans to allow the artists a busy year of promotions instead of hiding them in the famous “YG Treasure Box”.
She has already set the company back on course as YG’s stock value skyrocketed with BLACKPINK’s latest comeback.