After YG Entertainment gave an official statement that BIGBANG's G-Dragon's exclusive contract had ended, their share price immediately showed a decline. Reporting from KBIZoom Wednesday, June 7, 2023, according to data from the Korea Exchange on June 7, 2023, YG Entertainment's share price decreased by 3.18 percent to 88,200 won compared to the previous day.
This is the first time that YG Entertainment's stock price has fallen by more than 3 percent from its closing price within 20 trading days. Previously, YG Entertainment gave an official statement regarding G-Dragon's contract status with the agency. "It's true that G-Dragon's exclusive contract has ended.
We are discussing various options, including making separate contracts for other activities such as advertising," said the YG Entertainment representative. In addition, the agency also said that they plan to negotiate a new contract with G-Dragon if the artist wants to continue his music activities, and want to give him full support.
Long before YG Entertainment released an official statement, fans had actually predicted this. According to YG Entertainment's quarterly report uploaded by Data Analysis, Retrieval and Transfer System on May 15, 2023, G-Dragon's name was not on the list of artist names under the agency as of March 31 this year.
The internal report table lists the names of artists who are still under contract with YG Entertainment, such as BLACKPINK, AKMU, WINNER, Sechskies, Jinusean, and TREASURE. BIGBANG member names like Taeyang, Daesung, TOP BIGBANG are not listed, because they are no longer under YG Entertainment.
However, many were surprised that G-Dragon's name was not listed there. Many fans believe that the report is "evidence" that G-Dragon has left YG Entertainment. Moreover, his group mates have also ended their contracts with the agency. In addition, all BIGBANG members have also officially terminated their contracts with YG Entertainment.
In April last year, TOP's exclusive contract with YG Entertainment ended, followed by Daesung and Taeyang. The three of them moved to YG Entertainment's subsidiary agency, THE BLACK LABEL. Currently, fans are waiting for the latest news and breakthroughs from G-Dragon after no longer joining YG Entertainment.
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