In line with the monetary funding business on January 13 KST, The Black Label shall be relocating its predominant workplace to Hannam W Workplace, a constructing in Hannam-dong, Yongsan-gu, Seoul, a while within the first half of 2024, presumably as early as subsequent month.
Since its founding in 2016, The Black Label has been headquartered on the YG Leisure workplace in Hapjeong-dong. Then, in June of 2023, The Black Label held a board assembly to approve the relocation of its workplace to Hannam W Workplace.
Trade insiders imagine that the relocation resolution is one step ahead in The Black Label’s transfer to separate from YG Leisure. When it was initially based by Park Hong Joon (Teddy) in 2016, The Black Label was primarily thought of an out of doors report manufacturing firm working with YG artists. Nevertheless, not too long ago, the leisure company has made strikes to develop its actions, recruiting varied artists and launching auditions to find new abilities.
Whereas YG Leisure was The Black Label’s largest shareholder within the early days, at present, it possesses roughly 21%. One other of The Black Label’s preliminary traders, SAEHAN Enterprise Capital, has been steadily buying shares within the firm since 2021. Lee Jung Hoo, CEO of SAEHAN, can be an exterior director at The Black Label.
As soon as relocation is accomplished, it is anticipated that The Black Label will search extra funding from enterprise capitalists because it goals to recruit and signal new artists and develop its enterprise. At present, The Black Label is house to Zion.T, Jeon So Mi, Taeyang, Park Bo Gum, and extra.
