On December 26, a source from the industry reported that PSY is planning to establish an independent agency and is currently looking into getting investment from large enterprises.

His agency YG Entertainment responded to these reports, saying, “Nothing has been decided yet. It appears that these reports came up because PSY is preparing to enter various fields of business right now.”

PSY joined YG Entertainment back in 2010 and re-signed with the agency in 2015 on a contract for three more years.

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