According to this article on Daum: http://m.media.daum.net/m/entertain/newsview/20150127154104883
CEO Yang of YG Entertainment says "As I promised to fans, I'm doing my best to make BIGBANG and iKON come back and debut as the first artists from the line-ups in YG.
Both of the teams are in the final stage of working on the album, so there will be good news soon."
Translation by Jacly @Shrimpljy.