In a recent interview with Xports News, YG Entertainment’s founder and CEO Yang Hyun Suk finally revealed his thoughts about 2NE1 and the upcoming girl group that will debut in July.
2NE1 was the South Korean entertainment powerhouse’s first female idol group and after 7 years since their debut, YG is finally ready to introduce their 2nd girl group, codenamed “Pink Punk”.
“I constantly worry about contents. I think the reason why BIGBANG and 2NE1′s music was relatable was because it was different. I especially think 2NE1 is the kind of girl group you couldn’t find anywhere else in the world. They have many hit songs and their songs are sung all over the world. They are a team that I have a lot of personal affection for. I won’t leave them like this,” said Yang.
When asked about the future of 2NE1 after Minzy’s leave, he said that it’s uncertain whether they will continue as a trio or get a new member.
Yang also talked about how SM Entertainment debuted f(x) and Red Velvet shortly after Girls’ Generation, acknowledging that competition is tough for female idol groups in the K-Pop industry.
“I think YG has to be different. That’s why it took a long time. I thought we had to show something stronger for the new girl group like the strength of the content 2NE1 showed,” he said during the interview.
This is not to say that the new group will have the same concept as 2NE1 and though he remained close-lipped about the details, he mentioned that musician Teddy will take the lead with the new girls. He added, “Teddy is the best producer at making girl group songs at YG”.
In regards to the K-Pop music industry, he stated that the market is not as ideal as before.
“Honestly, when you look at the Korean market, it’s not a structure that you can earn money from. Production costs are increasing, but profits are not keeping up. Therefore, it’s a time that makes it essential for Korean music to advance into the rest of the world,” he said.
YG Entertainment is home to several top K-Pop artistes and idol groups such as Big Bang, Epik High, iKON, Lee Hi, Akdong Musicians, and PSY. The agency also houses many A-list actors and actresses like Cha Seung Won, Kang Dong Won, Goo Hye Sun, and Lee Jong Suk.
Do you think 2NE1 should get a new member? Are you excited to meet YG’s new girl group? Let us know in the comments below!