According to Etoday, the National Tax Service will charge Yang Hyun Suk and YG Entertainment additional fees of approximately 6 billion won (approximately $5.1 million). The National Tax Service conducted a special tax investigation on Yang Hyun Suk and YG Entertainment for approximately six months starting this March until late August. After wrapping up the… Continue reading Yang Hyun Suk And YG Reportedly Being Fined 6 Billion Won In Additional Taxes
Tag: YG Entertainment
YG Entertainment Likely To Return Over 60 Billion Won Invested By LVMH
Financial industry representatives have revealed that YG Entertainment is likely to pay back the money invested by LVMH five years ago. In October 2014, LVMH Moët Hennessy – Louis Vuitton SE (hereafter LVMH) invested 61 billion won (approximately $51.6 million) in redeemable convertible preference shares (RCPS) of YG Entertainment. At the time of investment, LVMH… Continue reading YG Entertainment Likely To Return Over 60 Billion Won Invested By LVMH
YG Entertainment Responds To Report About Trainees Leaving Agency
YG Entertainment has clarified to a report about the agency’s trainees allegedly leaving the agency and signing on with others. Earlier on August 27, news outlet EDaily cited industry sources and reported that YG trainees, including those who appeared on “Treasure Box” and “Produce X 101,” were in discussion with other agencies about transferring from YG… Continue reading YG Entertainment Responds To Report About Trainees Leaving Agency
YG Entertainment Trainees Reportedly Looking To Move To New Agencies
It’s reported that YG Entertainment trainees, including some who appeared on “Treasure Box” and “Produce X 101,” have signed with new agencies or are aiming to do so. On August 26, the outlet EDaily reported that according to sources in the industry, YG trainees aiming to be singers are currently in discussion with other agencies about potentially transferring from YG.… Continue reading YG Entertainment Trainees Reportedly Looking To Move To New Agencies
Breaking: Police Reported To Be Conducting Search And Seizure Of YG Building
The police has reportedly begun a search and seizure of YG Entertainment’s headquarters in Seoul. On the morning of August 17, Korean news outlet YTN reported that the Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit had been conducting a search and seizure of the building starting from 9 a.m. KST. According to the report, the… Continue reading Breaking: Police Reported To Be Conducting Search And Seizure Of YG Building
Police Reportedly Investigating Link Between Yang Hyun Suk’s Gambling And Profits From YG Artists’ Concerts
On August 10, Channel A reported further details about Yang Hyun Suk’s alleged gambling. According to the report, police are tracing the source of Yang Hyun Suk’s gambling money and investigating whether he gambled using the proceeds from YG Entertainment artists’ overseas performances. After obtaining data from a casino association in Nevada, the police are currently analyzing the number of times… Continue reading Police Reportedly Investigating Link Between Yang Hyun Suk’s Gambling And Profits From YG Artists’ Concerts
TREASURE 13’s Debut Plans Reportedly Put On Hold + YG Entertainment Comments
Plans have reportedly been put on hold for YG Entertainment’s new boy group TREASURE 13. Yang Hyun Suk previously stated that TREASURE 13 was scheduled to debut sometime between May and July of this year. On July 24, an inside source of YG Entertainment shared, “Main producer Yang Hyun Suk, who had control over TREASURE… Continue reading TREASURE 13’s Debut Plans Reportedly Put On Hold + YG Entertainment Comments
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… Continue reading YG’s Stocks Record Lowest Price Of The Past Year Following News Of Yang Hyun Suk Being Booked
ONE Reveals He Left YG Entertainment
ONE has parted ways with YG Entertainment. On July 17, he held interviews ahead of the premiere for his upcoming film “Goodbye Summer.” During the interview, he revealed, “With ‘Her Private Life’ as the last [project], I parted ways with YG Entertainment. I joined YG Entertainment when I was recruited after appearing on Mnet’s ‘Show… Continue reading ONE Reveals He Left YG Entertainment
MBC’s “Straight” Reports New Details About Yang Hyun Suk’s Involvement In Prostitution Mediation
MBC’s “Straight” has revealed additional allegations about the involvement of Yang Hyun Suk, PSY, and a YG Entertainment employee in mediating prostitution for wealthy Southeast Asian businessmen. On June 24, the investigative journalism show aired a teaser titled “Investigating YG’s Prostitution Mediation Allegations Part Two” prior to its broadcast. In the teaser, informants with altered voices revealed, “It… Continue reading MBC’s “Straight” Reports New Details About Yang Hyun Suk’s Involvement In Prostitution Mediation