YG’s Stocks Record Lowest Price Of The Past Year Following News Of Yang Hyun Suk Being Booked
YG Entertainment’s stocks have dropped once again following news of Yang Hyun Suk being booked.
As of July 18 at 10:30 a.m. KST on KOSDAQ (Korea Securities Dealers Automated Quotation), YG Entertainment’s stocks were priced at 26,700 won (approximately $22.68), which is a 3.09 percent drop from the previous day. They also hit their lowest price of the past year when the stock prices hit 25,750 won (approximately $21.87) early in the trading day.
Recently on July 17, Yang Hyun Suk was officially booked by the police on suspicions of acts including mediating sexual services for foreign investors in September of 2014 and sending women from an adult entertainment establishment with them on a vacation to Europe in October of that year.
The YG Entertainment founder stepped down from his position at the agency in June.