​YG addresses rumors about PSY setting up his own label

By Park Sae-jin Posted : December 28, 2017, 10:15 Updated : December 28, 2017, 10:15

[Photo by Yoo Dae-gil = dbeorlf123@ajunews.com]



SEOUL, Dec. 28 (Aju News) -- South Korea's entertainment powerhouse YG Entertainment spoke about recent rumors which claimed that rapper PSY would break up with his agency and set up his own label.

"Nothing has been decided yet," said a YG official on Wednesday. The official explained that the rumors may have sparked from the rapper launching various kinds of businesses. PSY had been with YG Entertainment since 2010, two years before he became a global star with his hit song "Gangnam Style".

Earlier this week, a South Korean news outlet claimed in an exclusive report that the rumor is very likely to be true and expected YG to become shaken with PSY's departure.
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