×

YG Agency Boss Quits as K-Pop Scandals Expand

Yang Hyun-suk last week resigned from his remaining positions at YG Entertainment. The talent agency he co-founded is deeply mired in a series of inter-linked scandals that stretch from drugs to prostitution. Problems started with the band Bigbang and its star Seungri, but now also encompass other YG artists.

Hwang Bo-kyung was appointed as the new CEO of the company on Thursday, replacing Yang’s brother Yang Min-suk, who also recently resigned from his CEO position.

“For the past 23 years have I devoted half of my entire life to grow YG (Entertainment). (…) But today I am leaving all my duties at YG,” said Yang in the statement. “YG being stabilized as soon as possible is what I am hoping from the bottom of my heart. Last but not least, I believe the truth beneath all the rumors and what is currently being reported will be probed thoroughly.”

The latest name drawn into the scandal was B.I, lead-songwriter of YG’s boy band iKON. He quit the band after allegations arose that he had used illegal drugs. “Gangnam” star, Psy was questioned by police but it was not clear whether as a suspect or as a witness.

It has also been alleged that YG has a corrupt relationship with the police, who may have known about illegal activity, but were slow to investigate. More recently, Yang has also accused of covering up the B.I. case with the help of Lee Seung-hoon, a member of YG’s another boy band Winner.

In a separate case, Yang has also been alleged to have provided prostitutes to potential foreign investors. And Korean tax authorities also began investigating the company in March.

The Seoul police said that they would form a task force to closely investigate all the cases involving YG, its artists, and the company’s relationship with the police.

YG’s share price is down 30% so far this year. That reflect the difficulties it appear to be having in restructuring, and putting the interlocking scandals behind it.

Founded in 1996 by dancer- -producer Yang, YG has grown into one of the top three K-pop agencies alongside SM Entertainment and JYP Entertainment. It has produced top K-pop acts including Bigbang, 2NE1, Psy and Black Pink.

However, the company has been embroiled in scandals for years, including one involving G-Dragon, another member of Bigbang. He was accused of using drugs at a club in Japan in 2011.

More Music

  • Paul McCartney Has Penned Score for

    Paul McCartney Has Been Secretly Writing an 'It's a Wonderful Life' Musical

    The pop superstar who once released a movie and album called “Give My Regards to Broad Street” really does have designs on Broadway, after all. It was revealed Wednesday that Paul McCartney has already written a song score for a stage musical adaptation of the 1946 Frank Capra film classic “It’s a Wonderful Life.” The [...]

  • Haim Saban

    Haim Saban Pledges to Invest $500 Million to Launch Music Label

    Businessman, investor and philanthropist Haim Saban, who heads the Saban Capital Group, has pledged to invest $500 million to launch a record label. Saban Music Group (SMG) will be led by music executive Gustavo Lopez and focus on “international A&R, artist development and strategically supporting a 360 model for artists,” reads a release announcing SMG, [...]

  • Dunkirk

    Harry Styles Is the Perfect Prince Eric; Why He'd Rock 'Little Mermaid' Role

    Could Harry Styles be the perfect Prince Eric? One day after the announcement that the One Direction star is “in early negotiations to play the iconic ‘Little Mermaid’ role,” the internet exploded with speculation as to how he would portray the object of Ariel’s affections. “I can see lots of reasons why Harry is perfect,” [...]

  • Plume of black smoke rising from

    Universal Music Files Motion to Dismiss Lawsuit From Artists Claiming Fire Damage

    Universal Music Group filed a motion on Wednesday to dismiss a class-action lawsuit from attorneys representing Soundgarden, Hole, Steve Earle and the estates of Tupac and Tom Petty over master recordings reportedly destroyed in a 2008 fire, the extent of which was revealed last month in a New York Times article. UMG argues that the musicians cannot pursue a [...]

  • David Crosby

    David Crosby Says New Documentary 'Remember My Name' Is Like 'Being Naked in Public’

    “It’s not easy. It’s hard being naked in public,” David Crosby, the legendary troubadour of classic rock, reflected at Tuesday night’s New York City premiere of “David Crosby: Remember My Name.” “I don’t know what to do here. There’s no guitars, no drums,” he laughed. Directed by newcomer A.J. Eaton and produced by the legendary [...]

  • Editorial use onlyMandatory Credit: Photo by

    New Kinks Music is Underway After More Than Two Decades Apart, Dave Davies Confirms

    The road to reunion for the Kinks has been fraught with in-fighting and bitter sibling rivalry, but despite it all the band has made its way back in the recording studio. Dave Davies confirmed to Rolling Stone Tuesday that he and his brother have been recording new songs and re-recording older unreleased tracks. “This has [...]

  • After Yet Another Rejection, What Could

    After Yet Another Rejection, What Could Be Next for Woodstock 50?

    In the wake of the Town of Vernon’s third rejection of Woodstock 50’s permit application to hold its music festival at a venue in the Upstate New York municipality, one may well wonder what the troubled event’s next move might be. In the hours after the latest rejection was announced, even the optimistic-bordering-on-unrealistic producers sounded [...]

More From Our Brands

Access exclusive content