Why was YG K-pop in jail?

Why was YG K-pop in jail?

Both men most recently were booked by Seoul police on illegal gambling-related charges, with allegations that they have habitually gambled in Las Vegas — gambling is illegal in South Korea — and illegally exchanged foreign currency.

What is seungri scandal Blackpink?

In 2019, Seungri announced his departure from his group BigBang and YG Entertainment to preserve the ‘honour’ of both parties. He was then facing charges of illegally supplying prostitutes for businessmen in the club as a form of sexual bribery since prostitution is illegal in Korea.

What was the scandal that YG Entertainment was in?

This isn’t the only scandal YG has faced. Seungri dropped the YG Entertainment stock after his own major scandal. Labeled the Great Gatsby of Korea, the K-Pop singer was charged with supplying prostitutes to foreign investors at nightclubs.

Who is the former CEO of YG Entertainment?

Channel-Korea will explain one by one all the scandals and controversies of Yang Hyun-suk, former CEO of YG Entertainment. Yang Hyun Suk is no stranger to scandals and controversies. On the TV screen, he was known for his strong and vicious comments towards his trainees.

Why did YG Entertainment drop out of the stock market?

Seungri dropped the YG Entertainment stock after his own major scandal. Labeled the Great Gatsby of Korea, the K-Pop singer was charged with supplying prostitutes to foreign investors at nightclubs. Hinting that his resignation came after the latest scandal, Yang Hyun-suk wrote on YG Entertainment’s website,

Why is YG Entertainment suspected of tax evasion?

YG Entertainments was suspected for reporting those earnings as their artists individual earning rather than the company earnings. This tax evasion method meant that YG Entertainment would be reporting less income, and therefore, pay less income tax.