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Former YG Chief Said to Deny Charges in Overnight Police Questioning

Former YG Chief Said to Deny Charges in Overnight Police Questioning

SEOUL, Aug. 30 (Korea Bizwire) — Yang Hyun-suk, the scandal-ridden former CEO of YG Entertainment, returned home early Friday morning after undergoing a daylong questioning by police about the allegations that he engaged in habitual gambling abroad and arranged sex services for foreign investors. The 49-year-old Yang emerged from the office of the Seoul Metropolitan [...]

Idol-turned-K-pop Guru, YG Chief Brought to Knees over Drug Issues

Idol-turned-K-pop Guru, YG Chief Brought to Knees over Drug Issues

SEOUL, Jun. 17 (Korea Bizwire) — Putting behind his personal history of growing from a sensational K-pop idol to an entertainment guru, Yang Hyun-suk recently resigned from his posts as CEO and chief producer of YG Entertainment over festering drug issues involving its artists. YG is one of South Korea’s big three K-pop agencies along [...]

YG Entertainment Chief Offers to Resign over Ballooning Drug Allegations

YG Entertainment Chief Offers to Resign over Ballooning Drug Allegations

SEOUL, Jun. 15 (Korea Bizwire) — The head of South Korean entertainment powerhouse YG Entertainment offered to resign Friday over rising drug allegations against its artists. “As of today, I want to put down all my titles and duties at YG Entertainment,” said Yang Hyun-suk, CEO and chief producer of YG Entertainment, which manages BIGBANG. [...]

YG Entertainment Chief Vows Full Cooperation with Investigations

YG Entertainment Chief Vows Full Cooperation with Investigations

SEOUL, Mar. 22 (Korea Bizwire) — The chief of the management agency of BIGBANG and other K-pop stars said Friday he will faithfully comply with the authorities investigating its suspected tax evasion and an alleged sex-for-favors scandal involving a former BIGBANG member. Yang Min-suk, chief executive of YG Entertainment, made the remarks to reporters before [...]

YG Ends Contract with BIGBANG’s Seungri in Wake of Scandal

YG Ends Contract with BIGBANG’s Seungri in Wake of Scandal

SEOUL, Mar. 13 (Korea Bizwire) — The management agency of K-pop band BIGBANG on Wednesday ended its contract with Seungri, a scandal-ridden star who is under probe for allegedly arranging sexual services for potential investors. The company, YG Entertainment, also apologized to the public for failing to properly manage the 29-year-old singer, who announced Monday [...]

Psy Sets Up Entertainment Agency

Psy Sets Up Entertainment Agency

SEOUL, Jan. 24 (Korea Bizwire) — Renowned South Korean singer-rapper Psy said Thursday he has established an entertainment agency to share his 19 years of experience in the industry related.  Psy disclosed the launch of his agency via Instagram, saying, “I’ve set up a company. The name of the company is ‘P Nation.’”   On the [...]

Kakao Joins Hands with YG Entertainment for Japan ‘Webtoon’ Market

Kakao Joins Hands with YG Entertainment for Japan ‘Webtoon’ Market

SEOUL, Jul. 30 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, has joined forces with major talent agency YG Entertainment Inc. to tap deeper into the online comic market in Japan, industry sources said Monday. Although the two firms have not signed official tie-up deals, the collaboration is drawing [...]

K-Pop Entertainment Agencies Bulking Up Amid Fierce Competition

K-Pop Entertainment Agencies Bulking Up Amid Fierce Competition

SEOUL, March 16 (Korea Bizwire) — After reaching a breaking point in the music industry, major South Korean entertainment companies are now bulking up to gain a competitive edge in securing cultural content. At the forefront of this shift are SM Entertainment and YG Entertainment, two of the largest entertainment agencies in South Korea boasting the [...]