Korea’s YG Entertainment Sets Yang Min-seok as CEO, Gives BabyMonster Official Debut – Global Bulletin

Patrick Frater Asia Bureau Chief YG Entertainment, the firm behind K-pop sensation Blackpink, has appointed Yang Min-seok as its new, sole CEO. The younger brother of company founder Yang Hyun-sun, he was previously joint CEO with Hwang Bo-kyun.
The announcement was made shortly after YG’s annual shareholder meeting that closed the books on a year in which revenues climbed 65% to $430 million.
The firm, which recently denied that it had paid $30 million to retain its position with Blackpink (but saw the girl group’s individual members sign personal representation contracts with other agencies) is busily launching BabyMonster, another all-female act that is seen in some circles as a successor to Blackpink.
BabyMonster, which was formed late last year through reality TV show “Last Evaluation 2023,” is a seven part group with members from Korea, Thailand and Japan. The group launched singles last year and in February.

But YG is now describing mini-album and new single “Sheesh,” released on April 1, as the group’s official debut. Watch trailer for “Sheesh” here:
With a strong reception to the new tracks, BabyMonster is already booked for a five-territory fan meeting tour to Singapore, Japan, Taiwan, Thailand and Indonesia.
Tirso S. Cruz III, the former leading actor who was appointed as chairman of the Film Development Council of the Philippines in July 2022, has resigned.

In a statement posted to the FDCP website Cruz said: “This is not the end. I may no longer be the chairperson, but I will always be a part of the FDCP. I will continue to support the Philippine Film Industry as an actor and as a private citizen.” He gave no explanation for his exit after only 19 months, but thanked the country’s President Ferdinand “Bongbong” Marcos Jr., for entrusting him.