Yang Min Suk also said YGE will open at least two more offices in the Greater China region. Much like their recent joint project, “YGEX,” with Japanese music label AVEX, YGE is looking to beef up their overseas business units.

“The Asian market (excluding Japan) is smaller than Korea in terms of music sales, but it’s a lucrative market for concerts and live events. Our strategy is to enhance our artists’ value through concerts and move from there,” Yang Min Suk said.

He also acknowledged the need for stronger crisis management skills following an array of negative incidents involving some of their top artists. As a result, YGE has recently formed a separate risk management team to take care of all negative publicity and damage to their overall brand.

He didn’t specify Big Bang’s comeback date as he even declined to answer if the group would ever return at all. But regardless of Big Bang, he sounded confident in YGE’s business for next year, as he said, “Even our most conservative estimates tell us we’ll make 100 billion won ($100 million USD) next year.”
“We’re also planning to hold at least three Japanese concerts with more than 150,000 people coming. Our newest artist Tablo has just released his new album too. We’ll continue to expand our artist lineup to diversify our revenue source,” he said.