On June 15th, CEO Yang Hyun Suk updated YG Entertainment's 'YG-Life' blog with some new info about 2NE1's new mini-album, as well as their first solo concert. The post reads:

"June 24th will see the release of the digital single, <I Am The Best>. First of all, I would like to apologize for the delayed releases of 2NE1's new songs due to internal problems. Following behind 'Don't Cry' and 'Lonely' will be 2NE1's newest track, 'I'm the Best', which is scheduled for June 24th. The song was produced by YG's main producer, Teddy, and is an electronic hip hop track that's reminiscent of 2NE1's debut song, 'Fire'. The style of the song will definitely be familiar to the youth who are used to clubbing culture. Unlike the previous two songs, we do have plans of promoting this one on music programs. It will be the first time in nine months that the girls will promote actively on air after they concluded their first album promotions last year. The music video for the song was directed by Seo Hyun Seung and will be released at 12:00 AM KST on the 24th concurrently with the digital single. Our current date of release for 2NE1's mini-album is July 21st. It will include the three releases, as well as two new tracks. Because it is an album that we have been working on for a long time, we have a lot of things planned. Further information will be updated at a later time. - On August 27th and 28th, 2NE1 will be holding their first solo concert at the Olympic Hall in Olympic Park. The hall can seat 4,000 people per concert. Although it isn't a big concert compared to other YG concerts, we wanted to make sure that 2NE1 would be able to work closely with their fans since it's their first concert. Tickets will be available for sale on July 7th, and further information will be posted on YG and 2NE1's homepages next week. Regarding '2NE1 Season 3', the broadcast date has yet to be finalized. 'YG ON AIR' will continue to be broadcast in a guerrilla fashion, where we film whenever we have good ideas. 2NE1 will be crossing over to Japan in September after their Korean promotions for about two months of debut and promotional activities. We ask that you give 2NE1 your anticipation and support, and I promise to return with more details regarding their album. Thank you. FROM YG."