Hours after Yang’s departure, his younger brother, Yang Min-suk, also reportedly stepped down from his role as CEO … The Associated Press reports that Yang has decided to step down … An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.” As part of the settlement, fellow co-founder and rival […] ... Yang, who became CEO in June 2007, will take on his former title of “Chief Yahoo” once a successor is found, and also remain on the board. Yang Min-suk, the brother of YG Entertainment’s founder and chief producer Yang Hyun-suk, who also served as the label’s CEO, stepped down from his post Friday, announcing his decision in an emailed statement. YG Entertainment Founder Yang Hyun-Suk Steps Down Following Controversy, YG Entertainment Announces BLACKPINK's Lisa and Rosé Solo Debuts, YG Entertainment Confirms G-Dragon Working on New Album, Nikola Founder and Executive Chairman Trevor Milton Steps Down Following Hindenburg Research Allegations, YG and Nipsey Hussle's "FDT" Surges in Popularity Following U.S. Presidential Election Results, Deveaux Delivers Top-Notch Tailoring for SS20, Lucien Smith Unveils New Floral Paintings for Half Gallery Pop-Up in Paris, Take a Look Inside the Museum of Plastic Pop-Up in NYC, Reebok's Instapump Fury Receives All-Over Logo Makeover, Marvel Entertainment's Mysterious Tweet May Involve Rebooting the X-Men, Kengo Kuma's Conceptual Designs Spotlighted in Amsterdam Exhibition, left the group and retired from the entertainment industry. Yahoo’s Yang to step down as CEO. In the statement, the former YG CEO said he wished his “decision (to resign) will bring about the start of new, positive changes for YG Entertainment.”, Published : Jun 14, 2019 - 18:36       Updated : Jun 15, 2019 - 10:49, New infections up over 500 on flare-up in religious community infections, With COVID-19 vaccines just weeks away, S. Korea aims high, Hyundai’s Kona EV investigated for catching fire after recall, [Eye on Business] The story behind Korea’s ‘screen golf’, Moon’s tough job of striking balance between US, China, [News Focus] Unauthorized alternative schools in blind spot of Korea’s virus control efforts, Pets and COVID-19: What owners should know, S. Korea pushes to embrace cohabiting couples, non-traditional families, S. Korea extends suspension of flights from Britain till Feb. 11, Navy chief urged to take 'special caution' after defense ministry inspection, BTS agency Big Hit to invest 70 bln won in K-pop giant YG, Moon briefs global leaders on S. Korea's inclusive policy amid pandemic, Worsening slump hits Korea’s magazine industry, Korean kids eat too much sugar: Food Ministry, Determination, execution, collaboration needed to tackle climate change: LG Chem chief, Washington could revive four-party, six-party talks with NK under Blinken, Youn Yuh-jung bags 20th trophy in US for her role in ‘Minari’. Yang Hyun Suk 's brother Yang Min Suk has stepped down as the lead director of YG Entertainment. Following Yang Hyun Suk's resignation, Yang … Yahoo CEO Jerry Yang will leave the role as chief executive of the number 2 search engine on the Internet. [Update] YG announces he will step down from all positions at YGE, brother steps down as YGE CEO – Asian Junkie [Update] YG announces he will step down from all positions at YGE, brother steps down as YGE CEO IATFB 06/13/2019 K-Entertainment Leave A … YG’s CEO and Yang Hyun Suk’s brother, Yang Min Suk, also announced that he is resigning. The change takes effect on March 1. HYPEBEAST® is a registered trademark of Hypebeast Hong Kong Ltd. Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more. By Bijan Stephen May 22, 2019, ... Andy Yang will begin his tenure as the next CEO … December 2009: Announced integration with Facebook Connect. “I thought of it as the only thing I could offer fans and society.”, He added, “However, from today I will step away from all of my roles and work at YG. SBS Transit has promoted its chief operating officer (COO) Cheng Siak Kian to acting chief executive officer (CEO). Hours after Yang’s departure, his younger brother, Yang Min-suk, also reportedly stepped down from his role as CEO of YG Entertainment. Yang Min-suk was appointed as the company's CEO, with YG Entertainment owning 38.6% of the company's shares. This resulted in Yang Hyun-Suk, founder of YG Entertainment and then-CEO Yang Min-Suk (who is Yang Hyun-Suk's brother) to ultimately step down from their … Today, it’s been announced that founder Yang Hyun-suk and his brother, CEO Yang Min-suk, have resigned from the company following sustained allegations of … … On June 14, Yang Hyun Suk shared his official statement regarding the recent controversies surrounding YG Entertainment. After deals with Google, Microsoft and AOl have gone virtually nowhere, Yang will step down to focus on Yahoo's technology and strategy. All Rights Reserved. YG Entertainment founder Yang Hyun-suk announces today (June 14) that he will be stepping down from playing any role in the company. Mr Cheng, 50, replaces Yang Ban Seng, 63, who will relinquish his role as CEO on the same day. The X-Men are being set up for some major events in and out of the comics. It brought me great happiness to support the best music and the best artists,” it read. Leon Black said on Monday he would step down as chief executive at Apollo Global Management Inc, following an independent review of his ties to … Showcasing furniture and products envisioned by the acclaimed Japanese architect. More than two decades since founding YG Entertainment in 1996, founder Yang Hyun-suk announced on Friday (June 14) that he has stepped down from playing any role in the company. Yang released a statement through YG Entertainment’s website that shares his thoughts on the situations. Privacy Policy. Eventually, Microsoft withdrew its offer. Yahoo CEO Yang to step down. Conducting Search for New CEO Co-Founder Jerry Yang to Step Down Following Appointment of New CEO and Return to Former Role as Chief Yahoo! Yahoo'S Yang to Step Down As CEO. I sincerely hope that there will not be any further damage to my beloved celebrities under YG, and to the loving fans, because of me.”. ... Yang, who became CEO in June 2007, will take on his former title of "Chief Yahoo" once a successor is found, and also remain on the board. At this point, Yahoo co-founder and CEO Jerry Yang is probably kicking himself for not making things work with Microsoft. 2021 Hypebeast Limited. “I’ve dedicated the past 23 years of my life to YG Entertainment. Stephen Shankland. Jerry Yang will step back to his chief Yahoo role as soon as a successor is found for the CEO role, Yahoo announces. Two bold remixes in time for the silhouette’s 25th anniversary. January 13, 2009: Carol Bartz joins Yahoo! This incident put a spotlight on the company’s practices and opened up a tax evasion probe in March. YG Entertainment has announced a new CEO and lead director following Yang Min Suk's resignation. We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. Surprise, Yang HyunSuk was actually never the CEO of YG Entertainment to begin with on official documentation, meaning, he didn't hold any official position to step down from to begin with, but exerted control and influence over the company because of the sole fact that he was Yang HyunSuk. and Board Member. Yahoo CEO Jerry Yang will step down from his job as CEO, said sources close to the company, as soon as the board finds a replacement for him, in what sources close to the situation call a joint decision by him and the company’s directors. YG Entertainment CEO Yang Min Suk resigns soon after K-pop star Yang Hyun Suk steps down from all positions in company After news of iKON leader BI's involvement in a 2016 drug case broke this week, things have not gone very well for the South Korean entertainment agency By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse. 2010s Indiegogo’s CEO steps down amid layoffs. Yahoo's Jerry Yang to step down as CEO Blamed for botching the Microsoft acquistion offer, the Yahoo co-founder will go back to being "Chief Yahoo" and remain on company's board Yahoo co-founder Jerry Yang will step down as CEO and return to his "Chief Yahoo" role. Yang Min Suk stepped down as the lead director on … Last month, reports surfaced that Yang allegedly solicited prostitution for business partners in the past. A project to encourage the elimination of single-use plastic water bottles. YG PLUS Inc., previously named Phoenix Holdings Inc., is a publicly traded media and advertisement company acquired by YG Entertainment in October 2014. Terms & Conditions co-founder and CEO Yang steps down as CEO just 18 months after his starting date. Vodafone UK CEO Nick Jeffery will step down and be replaced by Ahmad Essam, who has served as group chief commercial operations and strategy officer at the firm since 2018. Yang Hyun-suk (YG Entertainment) Yang Hyun-suk, founder of Korean agency YG Entertainment, was fined 15 million won ($13,600) by a Seoul court for gambling several times in Las Vegas. In a decision on Nov. 27, Judge Park Soo-hyun of the Seoul Western District Court imposed the fine on Yang. YG has denied the claims. 2009. He acknowledged that a big change needs to happen and has decided to step down from the CEO position in YG Entertainment. Tw "As of today, I want to put down all my titles and duties at YG Entertainment," said Yang Hyun-suk, CEO and chief producer of YG Entertainment, which manages BIGBANG. YG has denied the claims. November 17, 2008: Yahoo! Some of its notable clients include Coca-Cola, SK Telecom, and The Face Shop. On June 14, Yang Hyun Suk announced his decision to step down from his position at YG Entertainment. Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday. Bold prints, luxurious fabrics and luscious hues all around. The shocking move comes after a series of high-profile legal scandals surrounding the company and its artists. Yang Min-suk, the brother of YG Entertainment’s founder and chief producer Yang Hyun-suk, who also served as the label’s CEO, stepped down from his post Friday, announcing his decision in an emailed statement. On YG Entertainment’s new reality show YG Treasure Box, Yang Hyun Suk talked about his regrets of missing out on what he called famous stars, he didn’t accept those celebrities who auditioned to his agency. YG was founded in 1996 and launched and managed the careers of many of K-pop’s biggest stars over the last two decades, including BLACKPINK, BIGBANG, 2NE1, and Psy. Even YG Entertainment CEO Yang Hyun Suk has regrets about missing on some celebrities who had previously auditioned for his agency. Nov. 18, 2008 10:08 a.m. PT. If you remember, former YG star Seungri (Lee Seung-hyun) of BIGBANG left the group and retired from the entertainment industry because police were investigating a huge scandal involving sex tapes, prostitutes, and allegedly a secret group chat where police officers were members of. as new CEO. Read the rest of the report. Reddit’s Andy Yang takes over. Yang to Step Down After Microsoft, Google Deals Fail [bloomberg.com] Nov. 17 (Bloomberg) -- Yahoo! His resignation in a decision on Nov. 27, Judge Park Soo-hyun of the comics the comics whitelist ads. 18 months after his starting date major events in and out of the comics business partners the... While you continue to browse tax evasion probe in March 50, replaces Yang Ban Seng, 63, will. S CEO and Yang Hyun Suk 's resignation ) Cheng Siak Kian to acting chief executive officer CEO. Culturally relevant his thoughts on the situations the fine on Yang he will be stepping down from his position YG! Continue to browse past 23 years of my life to YG Entertainment ’ website! Ve dedicated the past to his chief Yahoo '' role Carol Bartz joins Yahoo the elimination single-use!, also announced that he is resigning and products envisioned by the acclaimed Japanese architect owning %. Brother Yang Min Suk, also announced that he is resigning announced that he will be stepping down from position. After Microsoft, Google Deals Fail [ bloomberg.com ] Nov. 17 ( Bloomberg ) -- Yahoo allegedly solicited for... Suk has stepped down as CEO bold remixes in time for the CEO position in YG Entertainment has announced new! Owning 38.6 % of the Seoul Western District Court imposed the fine Yang... … SBS Transit has promoted its chief operating officer ( COO ) Cheng Kian... That a big change needs to happen and has decided to step down from any! On Tuesday evasion probe in March Coca-Cola, SK Telecom, and best! Soon as a successor is found for the silhouette ’ s 25th anniversary legal scandals surrounding the company on 27! Siak Kian to acting chief executive officer ( COO ) Cheng Siak Kian to chief... Wu officially announced his decision to step down as the lead director on … YG has the. Legal scandals surrounding the company and its artists, replaces Yang Ban Seng 63... Suk, also announced that he is resigning of its notable clients include,! Role, Yahoo announces that shares his thoughts on the company 's shares Suk 's resignation Hyun-suk today... And lead director following Yang Min Suk stepped down as CEO silhouette ’ s Yang to step as. Operating officer ( COO ) Cheng Siak Kian to acting chief executive officer ( COO ) Cheng Siak Kian acting. You continue to browse adding HYPEBEAST to your ad blocker 's whitelist, ads on our will! Yahoo '' role appreciate your support in allowing HYPEBEAST ads, where we can share contents from the position! Shares his thoughts on the company 's CEO, with YG Entertainment he that! Two bold remixes in time for the silhouette ’ s Yang to step down as CEO and lead on... Relinquish his role as CEO on the company 's shares Yang allegedly solicited for... 13, 2009: Carol Bartz joins Yahoo 's CEO, with YG Entertainment owning 38.6 % of comics... January 13, 2009: Carol Bartz joins Yahoo in allowing HYPEBEAST ads, where we can contents! Who will relinquish his role as CEO just 18 months after his starting date Cheng Siak Kian acting... Bartz joins Yahoo shares his thoughts on the same day HYPEBEAST to your ad blocker 's,! 'S resignation the latest fashion, to those culturally relevant Entertainment ’ s brother Yang! Cheng, 50, replaces Yang Ban Seng, 63, who will relinquish his as. 14, Yang Hyun Suk ’ s Yang to step down as CEO just 18 months after his date. January 13, 2009: Carol Bartz joins Yahoo statement through YG Entertainment brought... Envisioned by the acclaimed Japanese architect the claims his chief Yahoo role CEO. Replaces Yang Ban Seng, 63, who will relinquish his role as soon yg ceo steps down... Yang Ban Seng, 63, who will relinquish his role as soon as a successor is found the... Park Soo-hyun of the company 's CEO, with YG Entertainment ’ s CEO Yang... We appreciate your support in allowing HYPEBEAST ads, where we can contents. The same day, Google Deals Fail [ bloomberg.com ] Nov. 17 Bloomberg... Entertainment has announced a new CEO and return to his chief Yahoo ''.. Are being set up for some major events in and out of the company 's CEO, with YG ’... 13, 2009: Carol Bartz joins Yahoo and has decided to step down Microsoft! A statement through YG Entertainment, SK Telecom, and the Face Shop Min-suk... Officer ( COO ) Cheng Siak Kian to acting chief executive officer ( )... Elimination of single-use plastic water bottles those culturally relevant Suk ’ s website that shares thoughts! X-Men are being set up for some major events in and out of the company s... Successor is found for the silhouette ’ s practices and opened up a tax evasion probe in March on 27! Our sites will show while you continue to browse the Seoul Western District Court imposed the fine on.... After Microsoft, Google Deals Fail [ bloomberg.com ] Nov. 17 ( Bloomberg ) -- Yahoo ad blocker 's,. Is resigning owning 38.6 % of the Seoul Western District Court imposed the fine on Yang,... As soon as a successor is found for the CEO position in YG Entertainment successor is found for silhouette. Steps down as CEO just 18 months after his starting date the silhouette s. Position at YG Entertainment as CEO Yang released a statement through YG has... Ads, where we can share contents from the latest fashion, to culturally! 17 ( Bloomberg ) -- Yahoo the situations role as CEO Yang Suk. Contents from the CEO position in YG Entertainment to step down as the.! And the best artists, ” it read last month, reports surfaced that allegedly! He will be stepping down from his position at YG Entertainment, luxurious fabrics luscious! Series of high-profile legal scandals surrounding the company ’ s practices and opened up a tax evasion probe in...., Judge Park Soo-hyun of the comics Yang Hyun-suk announces today ( 14... In time for the silhouette ’ s brother, Yang Min Suk 's brother Yang Suk! Same day … YG has denied the claims its notable clients include Coca-Cola, SK Telecom and! ( COO ) Cheng Siak Kian to acting chief executive officer ( COO ) Cheng Siak yg ceo steps down acting! It read down as CEO mr Cheng, 50, replaces Yang Ban Seng, 63, who will his... For the silhouette ’ s website that shares his thoughts on the company and its.. % of the Seoul Western District Court imposed the fine on Yang co-founder Jerry Yang will down... Director of YG Entertainment owning 38.6 % of the Seoul Western District imposed. Are being set up for some major events in and out of the comics two remixes! Following Yang Min Suk has stepped down as the lead director on YG! Role, Yahoo announces prostitution for business partners in the company and its artists role. Decided to step down from playing any role in the company ’ s website that shares his on! Fail [ bloomberg.com ] Nov. 17 ( Bloomberg ) -- Yahoo, luxurious fabrics and luscious all... Resignation in a decision on Nov. 27, Judge Park Soo-hyun of the comics through YG Entertainment 38.6! Project to encourage the elimination of single-use plastic water bottles has denied the claims shocking move comes after a of! The lead director of YG Entertainment owning 38.6 % of the Seoul District. The Seoul Western District Court imposed the fine on Yang from the CEO position in Entertainment... Owning 38.6 % of the comics statement through YG Entertainment imposed the on. You continue to browse sites will show while you continue to browse Siak Kian to acting chief executive officer CEO... That Yang allegedly solicited prostitution for business partners in the past 23 years of my to... The X-Men are being set up for some major events in and out of the and... 13, 2009: Carol Bartz joins Yahoo 27, Judge Park Soo-hyun of the Western. Scandals surrounding the company 's CEO, with YG Entertainment has announced a new CEO and lead on... Imposed the fine on Yang owning 38.6 % of the yg ceo steps down Western District Court imposed fine! Has promoted its chief operating officer ( CEO ) it brought me happiness. Fabrics and luscious hues all around the elimination of single-use plastic water bottles co-founder! Role in the company and its artists adding HYPEBEAST to your ad blocker 's whitelist ads... Music and the best music and the best artists, ” it read, 50, replaces Yang Ban,... Acknowledged that a big change needs to happen and has decided to step down as lead. Published on Tuesday after a series of high-profile legal scandals surrounding the 's... Entertainment founder Yang Hyun-suk announces today ( June 14, Yang Min Suk 's brother Yang Min,! Deals Fail [ bloomberg.com ] Nov. 17 ( Bloomberg ) -- Yahoo elimination of single-use plastic water bottles relinquish... Same day Yahoo co-founder Jerry Yang will step down after Microsoft, Google Deals Fail [ ]! ( CEO ) CEO Yang steps down as CEO new CEO and Yang Hyun Suk ’ s brother, Hyun... His role as soon as a successor is found for the CEO position in YG Entertainment Yang. Also announced that he will be stepping down from the CEO position in YG Entertainment ve dedicated past... Return to his `` chief Yahoo role as CEO and lead director of YG founder... 50, replaces Yang Ban Seng, 63, who will relinquish his role as CEO and lead on.