YG Entertainment Inc. is a South Korean multinational entertainment agency established on 24 February 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. In addition, the company operates a number of subsidiary ventures under a separate public traded company, YG Plus, which includes a clothing line, a golf management agency, and a cosmetics brand. However, despite various business expansions, most of the ventures were discontinued due to a lack of profitability.