BIGBANG member G-DRAGON (Gwon Ji-yong) and TAEYANG (Dong Young-bae) have decided to make a big investment in YG Plus and CODECOSME International, a cosmetics manufacturing and sales company.
According to YG Plus’s official release, G-DRAGON and TAEYANG invested 2 billion won and 300 million won in YG Plus, respectively. Plus, they invested 1 billion won and 300 million, respectively, in CODECOSME International.
Notably, G-DRAGON will endorse Moonshot, which is the cosmetics brand of CODECOSME International. The two’s investment was decided at the board meeting of YG Plus and CODECOSME International on the 22.
G-DRAGON and TAEYANG have been with YG for more than 10 years from the days of their training all the way until now when they have grown into world-famous stars. They made the decision on the big investment based on their big interest in the new businesses like Moonshot brand and “shared goals” of YG Plus and CODECOSME, for which YG is the largest shareholder.
The two artists’ investment in YG Plus and CODECOSME will draw a big attention from the business sectors of in and out of the country. Notably, as Moonshot brand now has G-DRAGON as an investor and endorsor at the same time, their overseas expansion is expected to gain a big momentum. Moonshot is expected to obtain the official license from China Food and Drug Administration soon. With G-DRAGON who enjoys enormous popularity in China as the model for the brand, Moonshot will enjoy a big promotional effect as well.
Source: YG Entertainment(OSEN)
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