In 1999, YG Entertainment's artists released a collaborative album under the name YG Family.The label followed with releases from artists such as Perry, Swi. It also established the "YG Underground" label, which housed 45RPM and Stony Skunk. Among others, it featured the 13-year-old G-Dragon, who was then a trainee.YG PLUS Inc., previously named Phoenix Holdings Inc., is a publicly traded media and advertisement company acquired by YG Entertainment in October 2014.Yang Min-suk was appointed as the company's CEO, with YG Entertainment owning 38.6% of the company's shares.On June 4, in his official Instagram account, he posted some pictures of a business card, which shows that BIGBANG’s Seungri is a CEO of YGX.
2012 brought YG international recognition when Psy's "Gangnam Style" gained worldwide popularity as a viral video.On August 21, it charted at number one on the i Tunes Music Video Charts. Other participants on the show were signed as potential members of the label's future boy groups.On the second season of the show, both the winners, sibling duo Akdong Musician as well as runner-up Bang Ye-dam, signed under the agency.French luxury giant LVMH's private equity arm, L Capital Asia, later announced that it would be investing up to US million in YG Entertainment.Headquartered in Singapore, L Capital Asia would become the second-largest investor in YG with an 11.5% stake, second only to Yang Hyun-suk's 28%.