After Yang Hyun Suk, now Yang Min Suk's turn to resign from his position as CEO at YG Entertainment agency. Yang Min Suk is the younger brother of Yang Hyun Suk who has served as CEO of YG Entertainment since 2011.Now that Yang Hyun Suk has resigned from all of his positions at YG Entertainment, Yang Min Suk has also left the CEO position.
Even though both of them are no longer serving at the YG Entertainment, Yang Hyun Suk remains the largest shareholder, which is 16.12%. While Yang Min Suk holds a 3.31% stake.
The decision of the two brothers to leave the company they had built was a damage control action, which was carried out so that the value of the company's shares would not decline and the image of the company in the public eye could improve. (www.onkpop.com)
