YG Entertainment to Liquidate Popular Dance Subsidiary YGX

YG Entertainment to Liquidate Popular Dance Subsidiary YGX

Over the years, YGX has built a solid reputation.

On August 29, 2024, Korean media reported that YG Entertainment will liquidate its dance and academy management subsidiary, YGX.

YGX has built a solid reputation, especially through performances Street Fighter AND Street FighterThe company’s representative dancers have achieved fame and recognition, including Lee Jung

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YGX dancers with Lee Jung on the far left.

and the ever popular Kwon Twins.

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The YGX male dancer team with the Kwon Twins on the top left and bottom right.

YGX has also held dance classes for the public, making it a lucrative business over the years. The dancers have also performed exclusively for YG Entertainment and The Black Label artists. They have also managed the personal schedules of famous dancers such as Lee Jung. Although YGX has grown in popularity and reached the peak of fame around 2021, it was reported that there was ₩3.56 billion KRW (approximately $2.67 million USD) unrecovered from the original investment made by YG Entertainment during its founding in 2018.

YG Entertainment has already established a global training center in March 2024 to compensate for the liquidation. The training center is managed internally and has absorbed personnel from YGX.

On the other hand, fans have already started seeing YGX dancers performing for other artists, which is something that has never been seen before. Kwon Twins were recently spotted performing for SHINee’s Taeminthe solo return of “Sexy In The Air”.

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