YG Entertainment, one of South Korea's top K-pop agencies, faced significant financial challenges in 2024, marking its first yearly net loss.

Based on estimates from the label's 2024 financial reports, YG Entertainment is poised to reveal around 365.8 billion KRW (approximately 250.4 million USD) in revenue but with an operating loss of 23.9 billion KRW (about 16.4 million USD). In total, the company is expected to show a net deficit of 500 million KRW (roughly 342,268 USD).

While YG Entertainment had faced a net income deficit in 2019, it had not recorded an operating loss during that period. If the current forecasts hold, 2024 will mark the first time YG Entertainment reports both a net income deficit and an operating loss, underscoring the ongoing financial obstacles the company faces.

Looking ahead to 2025, YG Entertainment is planning a comeback focusing on its music sector. The company announced its plan to phase out actor management services to concentrate on music production and artist development.

Furthermore, YG Entertainment unveiled a lineup of full group comebacks, including BLACKPINK, while also continuing the global reunion tour for 2NE1 in 2025.

Although Korean netizens and K-pop enthusiasts have gathered online to discuss YG Entertainment's performance in 2024, expressing various concerns, many feel skeptical while others remain hopeful for the company's turnaround.