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The song was produced by YG Entertainment's main producer, Teddy Park. It was described as an electronic hip hop track that is similar to 2NE1's debut single "Fire". The style of the song is said to be familiar to the youth who are used to clubbing culture.
The first teaser of the song was released on June 19, 2011 featuring 2NE1's leader, CL. The teaser was posted via YG-Life along with the official artwork of the song. YG Entertainment also revealed that they will release a 10-second snippet of the song each day until the full track release on June 24.
On December 11, 2014, Capitol Records replaced YG Entertainment to distribute "I Am the Best" in the U.S. market.The song subsequently impacted Dance, Mainstream and Rhythmic radios in America the same day.
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