The Black Label will launch new girl group Meovv this year, the agency said Friday in a press release.

Meovv is the first girl group that The Black Label will launch since the agency’s establishment in 2016.

More information on Meovv will be available at a later date.

The Black Label was established by former YG producer Teddy as an affiliate of YG Entertainment. The agency currently manages Taeyang of boy band Big Bang, Rosé of girl group Blackpink, singer Jeon Somi and more.

Teddy is a veteran producer in the Korean music industry, responsible for numerous K-pop hits from artists including Blackpink, Big Bang and 2NE1.

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BY KIM MIN-YOUNG [kim.minyoung5@joongang.co.kr]