On Thursday, YG officials revealed that the company would sign a YG Global K-pop Cluster establishment agreement with the city government of Uijeongbu, Gyeonggi Province.
The agency is slated to build a large-scale concert stadium in the city as well as five other small concert venues, an Asian music experience center, a residential hotel for visitors, a recording studio, a fashion and beauty store and a vast lounge area where guests can experience both music and outdoor sporting actives.
The mega K-pop experience project will span across nearly 50,000 square meters of land and is expected to launch sometime in 2018.
YG Entertainment is home to some of K-pop’s biggest names including Psy, BIGBANG, 2NE1, Epik High and Winner.
Source: The Korea Herald via bigbangupdates
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