YG Entertainment Responded To Yang Hyun-suk
Yang Hyun-suk resigned from his position as the CEO of YG Entertainment after the various allegations occurred and made an impact on his career. People wanted to know what YG thought about the whole thing.
One of the representatives from YG Entertainment finally spoke up about Yang Hyun-suk’s case. They said that they also know about the case from the media, so they didn’t think it would be necessary for them to give an additional statement. However, Yang Hyun-suk already resigned from his position as YG Entertainment’s CEO.
Reports Related To Gambling Cases And Other Scandals
As has been said previously, Yang Hyun-suk was also involved in other accusations, such as gambling and drug cases, as well. Even he also went to be questioned at the Seoul Metropolitan Police Agency’s Sophisticated Crime Investigation Division and was asked about the gambling case.
When the reporters were asking him questions, he only gave a short statement saying that he would cooperate with the police investigation and would explain the details of what exactly happened at the police station. The police also checked Yang Hyun-suk’s bank account to see if there were any suspicious transactions, such as illegal transactions of foreign dollars, as well.
Examined Multiple Times Related To Illegal Gambling Cases
Basically, Yang Hyun-suk was reportedly involved in the illegal gambling cases through the application of ‘hwanchigi,‘ which also known as the illegal practice that led to foreign exchange transactions, as well. It was reported that Yang Hyun-suk spent 1 billion Won on a bet, and then lost 600 million Won of that amount.
No wonder that Yang Hyun-suk went to be questioned about the case multiple times. After the nine hours of investigation for the prostitution case, Yang Hyun-suk was also involved in fourteen hours of investigation for the illegal gambling case. He also said that he revealed everything that he knew to facilitate the investigation, and that it went really well.
Absent From Examination Calls At The Gyeonggi Police Station
Not only was he questioned about the prostitution case and the illegal gambling case, but Yang Hyun-suk even went to be questioned about the drug case which was involved B.I, one of the artists who used to be raised under YG Entertainment. However, after Yang Hyun-suk went to several investigations with the police, he was also caught absent from the examination calls from the Gyeonggi Police Station about to B.I’s drug case.
The police revealed that Yang Hyun-suk wasn’t at the questioning even though they asked him to come in. They also scheduled another time for Yang Hyun-suk’s examination calls, even though they hadn’t decided yet whether Yang Hyun-suk should be there as a witness or a suspect.
We can see that Yang Hyun-suk’s overall issues really involve a long journey. After several months, several reports, several investigations, and anything else, there’s also the ‘final’ piece of Yang Hyun-suk’s case. Here are some of the Yang Hyun-suk’s latest updates after the case:
Sold YG Plus To Yang Min-suk
For brief information, YG Plus was a subsidiary of YG Entertainment. Basically, it focused on the production and distribution of YG Entertainment’s artists. Aside of that, YG Plus also was a kind of advertising agency, as well.
It was reported that Yang Hyun-suk was sold some of the stocks towards Yang Min-suk who known as the Yang Hyun-suk’s younger brother and also the second-largest stockholder in YG Plus after he bought 7.43% stocks from Yang Hyun-suk.
Yang Hyun-suk Was Found Not Guilty Of Providing Prostitution
The controversy of Yang Hyun-suk seemed to find a new way out. Prosecutors from Seoul revealed that Yang Hyun-suk wasn’t guilty in the providing prostitution case. They couldn’t find any proof or strong evidence that Yang Hyun-suk was the mediator for providing prostitution in September 2014.
Even though the Seoul Metropolitan Police Agency’s Sophisticated Crime Investigation Division found some transactions after the investigation and forclosure of YG Entertainment’s bank account, it didn’t offer strong enough evidence to prove his guilt.
They also found the evidence of Yang Hyun-suk’s encounter with some foreign investors, but there was no evidence that the meeting was related to or involved prostitution. Then the court considered that the police’s findings made sense after the further investigation.
And that was all of the information about Yang Hyun-suk’s case and his latest updates right after his departure from YG Entertainment! After several times of being a suspect in various crimes and surprised people, Yang Hyun-suk eventually found a way out after he was declared not guilty of providing prostitution. However, there are a lot of people who regretted what happened to him. But still, he used to be a part of YG Entertainment, and helped introduce lots of amazing idols, as well.
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