On August 26th, YG announced in a Star News interview that Psy had signed a contract with YG Entertainment a few days ago. Psy and YG have always been pretty close with many collaborations and cameos over the years, such as Psy writing some of Lexy’s songs and even being featured in her debut single “Aesongi”. He was also featured in Jinusean’s “Jeonhwabeonho” video, featured Lexy in his solo concert, etc.
What YG said about Psy joining was: “PSY is hardworking but it is hard for him to manage a company due to his young age. He was worried a lot about managing his own company, so I talked about this issue with him frequently. He is multi-talented, as he writes his own songs and does many CFs. His concerts do great as well. There is not much that I can do to help him, as he is doing great already. I will support him through his future growth.”
Psy’s fifth album is currently scheduled for October of this year.
Psy, for those not familiar with him, is a fairly controversial figure in Korean entertainment – he does underground hip-hop with often crude lyrics and was charged and fined for smoking marijuana in 2001. He was also charged for avoiding conscription due to his poor work when he enlisted in 2003-2005 (in a special exemption program), and had to reenlist for twenty months in the military before finally being discharged in 2009.
Source:
Psy Joins YG Entertainment
Psy Discharged From Military
