[★BREAKING] Naver invests $50 million USD into YG Entertainment

Naver has announced they will be committing ₩100 billion KRW ($83.8 million USD) into YG Entertainment through an investment and private equity fund partnership. YG Entertainment will receive a ₩50 billion KRW ($44.2 million USD) investment from Naver for 10% stake in the entertainment company. The investment will make Naver the second largest shareholder in YG Entertainment, after founder Yang Hyun-suk who owns … Continue reading [★BREAKING] Naver invests $50 million USD into YG Entertainment