Yang Hyun-suk, the co-founder and head of the giant K-pop label, agency and production company, YG Entertainment, has resigned amid a series of scandals
to include multiple artists and allegations that ranged from drug use and trafficking to police corruption, bribery and sexual assault.“For the past 23 years have I devoted half of my entire life to grow YG [Entertainment],” Yang said in a statement. “But today I am leaving all my duties at YG. YG being stabilized as soon as possible is what I am hoping from the bottom of my heart.
Recently, Yang has been accused of trying to cover up allegations that B.I., the lead singer of YG outfit iKON, used illegal drugs. Authorities in South Korea are reportedly also investigating claims that Yang provided prostitutes to potential investors. YG itself is also under investigation for tax evasion, while it’s believed the company fostered a corrupt relationship with local police, who knew about illegal activity but weren’t actively investigating it.
The fallout from the Burning Sun scandal has caused YG’s stock to plummet, while Seungri was ultimately forced into
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