close
close

YG Entertainment liquidates Famous Dance subsidiary YGX

YGX has built a good name for itself over the years.

Jasmine Turner

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

YGX has built a good reputation, especially through the shows Street fighter And Street Man Fighter. The representative dancers of the company achieved fame and recognition, including Lee Young…

ygx
YGX dancers with Lee Jung on the far left.

and the ever popular Kwon Twins.

00446641
Male dancer team YGX with the Kwon twins top left and bottom right.

YGX also held dance classes for the public, which made 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 gained popularity and reached its peak around 2021, it was reported that 3.56 billion KRW (about 2.67 million USD) of the original investment made by YG Entertainment when it was founded in 2018 had yet to be recouped.

To offset the liquidation, YG Entertainment has already set up a global training center in March 2024. The training center will be operated internally and has taken over the staff from YGX.

On the other hand, fans have already started seeing YGX dancers performing for other artists, which was not the case before. The Kwon Twins were recently seen performing for SHINee Taemin's solo comeback “Sexy In The Air”.

You may also like...