Yang Hyun-suk, the CEO of YG Entertainment, pledged to donate W1 billion in stock dividends to benefit sick children who cannot afford medical treatment.
YG posted high earnings last year and so shareholders including Yang have received large amounts of cash.
The management agency of singers Psy, Big Bang and 2NE1 was listed in the stock market in November 2011.
"I have long thought about making donations. I'm paying back the love from fans who support YG's music," Yang said.