YG Entertainment has appointed a new CEO, Hwang Bo Kyung.
She replaces former CEO Yang Min Suk, Yang Hyun Suk's brother, who resigned from the role last week.
Hwang Bo Kyung has been working at YG Entertainment since 2001 as an executive director and CFO. The board held a special meeting to appoint her in the role and also to create a new committee set to transform the company's business model.
Hwang Bo Kyung said: "I feel heavy responsibility and a sense of duty during this difficult time. I will straighten out the basics in order for YG Entertainment to take a step forward".
Hear us on SBS PopAsia Digital Radio
Listen in 24/7 on Digital Radio, by downloading our free mobile app or by streaming live here on our website.
Download the app here: