YG Entertainment To Liquidate Famous Dance Subsidiary YGX
On August 29, 2024, it was reported in Korean media that YG Entertainment will be liquidating its dance management and academy subsidiary, YGX.
YGX built up a steady reputation for itself, especially through the shows Street Woman Fighter and Street Man Fighter. The company’s representative dancers gained fame and recognition, including Lee Jung…
and the ever-popular Kwon Twins.
YGX also held dance classes for the public to enjoy, making it a lucrative business over the years. The dancers also performed exclusively for YG Entertainment and The Black Label artists. They also managed the personal schedules of popular dancers such as Lee Jung. Although YGX grew in popularity and peaked in fame around 2021, it was reported that there was an unrecouped ₩3.56 billion KRW (about $2.67 million USD) from the original investment YG Entertainment made during the founding in 2018.
YG Entertainment has already created a global training center in March 2024 in order to make up for the liquidation. The training center runs internally, and has absorbed the personnel from YGX.
On the other hand, fans have already begun seeing YGX dancers perform for other artists, something that was not seen before. The Kwon Twins were recently spotted performing for SHINee Taemin‘s solo comeback, “Sexy In The Air.”
THE FIRST APPEARANCE IN TAEMIN_BPM TT ACC ARE THE EX-YG DANCERS KWON TWINS?? very plot twistpic.twitter.com/UAoBmLMIQq
— vi🍋 (@diorkibum) August 19, 2024
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