YG Entertainment (YGE), the management agency of popular K-pop groups BLACKPINK, Treasure, and BigBang among others, has made history by becoming the first in the Korean entertainment industry to obtain an anti-corruption certification.
The company announced on April 22nd that it had received the integrated certification for both the standard compliance management system (ISO 37301) and the anti-corruption management system (ISO 37001) from the Korea Compliance Institute (KCI). These are international standards set by the International Organization for Standardization (ISO) that aim to prevent corruption and bribery within organizations and ensure transparent and fair operations in compliance with all laws, regulations and codes of conduct.
The certification ceremony was held on April 19th at YGE’s new headquarters in Hapjeong-dong, Seoul with about 20 attendees, including co-CEO Hwang Bo-kyung and KCI’s Hwang In-hak, as well as internal auditors from each department. The certification process involved training the management system, conducting duty and risk identification workshops, and internal audits. YGE has been working on strengthening its compliance organization and ethical management culture since last year, following some controversies involving its artists and executives. By acquiring this certification, YGE has demonstrated its commitment to improving its governance structure and enhancing its social responsibility.
Co-CEO Hwang Bo-kyung expressed her gratitude to all the employees who participated in the certification process and said, “This is a meaningful result achieved by forming a consensus on compliance and ethics across the company. We will continue to do our best to meet the expectations of our fans, artists and stakeholders by adhering to the highest standards of integrity.”
YG Entertainment‘s achievement in obtaining anti-corruption certification is a significant milestone not only for the company but also for the entire K-pop industry. This certification underscores the company’s commitment to compliance and ethical management and sets a new benchmark for other entertainment companies to follow.