According to Chosun Biz on June 9, Galaxy Corporation signed an exclusive contract with G-Dragon in November 2023, paying 10 billion won in cash and 10 billion won in stock options.
At the time of G-Dragon’s contract, Galaxy Corporation’s estimated value was around 470 billion won. It is believed that G-Dragon opted for half of the contract amount in stock options to capitalize on the potential increase in the company’s value.
Galaxy Corporation is currently pursuing a listing on the KOSDAQ, with the investment industry valuing the company at approximately 1 trillion won. If the listing is successful, G-Dragon’s asset value is expected to increase significantly.
Galaxy Corporation positions itself as an “enter-tech” company, integrating AI, metaverse technology, intellectual property (IP), media, and tech into its business model. Rather than being a traditional entertainment agency, it focuses on future technologies and global IP expansion.
Upon signing G-Dragon, Galaxy Corporation stated, “We aim to go beyond a typical agency-artist relationship and become true partners with G-Dragon, challenging ourselves to do things that have never been done before and that were previously impossible.” They added, “With a pioneering spirit, we will strive to showcase a side of G-Dragon that has not been seen before.”
