Want more Rolling Stone? Personal life South Korean business executive who is widely recognized for having co-founded the entertainment giant YG Entertainment with his older brother Yang Hyun-suk. Authorities in South Korea are reportedly also investigating claims that Yang provided prostitutes to potential investors. Now Thad Cockrell’s Playing ‘The Tonight Show’, Big Thief’s Adrianne Lenker Performs Sublime ‘Anything’ on ‘Colbert’, Watch a Jawa Play ‘Eruption’ in Fan-Made Tribute to Eddie Van Halen. He oversaw the release of Psy's viral "Gangnam Style" music video. YG Entertainment‘s Yang Hyun Suk has released an official statement, announcing that he will be stepping down from all positions at the agency. YG itself is also under investigation for tax evasion, while it’s believed the company fostered a corrupt relationship with local police, who knew about illegal activity but weren’t actively investigating it. Yang Min Suk melepaskan jabatannya sebagai direktur umum pada 14 Juni 2019, tak lama setelah Yang Hyun Suk mengundurkan diri dari semua jabatan di YG Entertainment. Founded in 1996, YG Entertainment has been home to some of the biggest K-pop acts of the past few decades including Psy, Big Bang, 2NE1 and Blackpink. Due to recent controversies involving the Burning Sun scandal and other allegations, Yang Hyun-suk announced his plans to step down from all of his positions at YG Entertainment, and his brother Yang Min-suk announced his decision to resign as CEO of YG Entertainment on June 14, 2019. YG Entertainment is a South Korean entertainment company established in 1996 by Yang Hyun-suk. After numerous scandals and police investigations, Yang Hyun Suk announced back in September 2019 that he will resign from his executive position at YG Entertainment and “let go of all works” involved with YG. The other big artist involved was singer Jung Joon-young, who also retired after admitting he filmed women without their consent and shared the footage with others. YG being stabilized as soon as possible is what I am hoping from the bottom of my heart. Yang Hyun-suk, founder of Korean agency YG Entertainment, was fined 15 million won ($13,600) by a Seoul court for gambling several times in Las Vegas. The company had fostered artists Millic, offonoff, Punchnello, Code Kunst, The Black Skirts, Idio… Entertainment company, multiple artists have faced allegations of drug use, prostitution, corruption, bribery, sexual assault. Sign up for our newsletter. Trivia Yang Hyun Suk, founder and former CEO of YG Entertainment, is being taken to court. Yang Hyun Suk đã ghé thăm sòng bạc vào tháng 10 năm 2017 và tháng 2 năm 2018. 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YG Entertainment has finally unveiled their new CEO! Last but not least, I believe the truth beneath all the rumors and what is currently being reported will be probed thoroughly.”. Furthermore, 'Kuki News' claimed that YG Entertainment's head producer Yang Hyun Suk holds 70% of the shares of stock investment company 'A', the legal owner of … Before Fame. Yang Hyun Suk has dedicated 23 years of his life to YG Entertainment. In a decision on Nov. 27, Judge Park Soo-hyun of the Seoul Western District Court imposed the fine on Yang. After a series of scandals involving himself and his management artists, especially recent drug case involving B.I of iKON, Yang Hyun Suk and YG Entertainment CEO, his brother, Yang Min Suk, stepped down from the company on June 14 th, 2019. But news reports suspect that Yang Hyun Suk hasn’t completely let go of the reigns. Announced in March 2015, the label was set up by Yang Hyun-suk under the YG Entertainment umbrella as part of a long-term goal to reach out to the Korean indie and alternative scene. Actress Kim So Hyun decided to join Jun Ji Hyun’s Agency Lee Min Ho was criticized … On March 22, the 21st annual shareholder’s meeting for YG Entertainment took place. His brother Yang Min-suk, the firm’s chief executive, has also resigned. HIGHGRND (read as "high ground") was an independent sub-label headed by Epik High's Tablo. In 2014 he was able to secure contracts for a number of South Korea's largest actors including Cha Seung-won. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. The obvious answer to that was provided today as they promoted Hwang Bo Kyung to CEO. Founder and former chief of YG Entertainment Yang Hyun-suk was fined 15 million won ($13,587) for gambling overseas, the Seoul Western District Court said on Friday. With the company he is known for having to help launch the careers of groups such as Big Bang. Theo báo cáo trước đó, cựu CEO YG Entertainment được cho là đã đặt cược hơn 1 tỷ won (20 tỷ đồng) và mất khoảng 600 triệu won (khoảng 12 tỷ đồng) trong 11 lần. Yang Hyun-suk, the head and co-founder of K-pop giant YG Entertainment, has resigned as the label remains engulfed in sex and drug scandals. “But today I am leaving all my duties at YG. On June 20, the company board of directors held a meeting to appoint a CEO; they appointed Hwang Bo Kyung as the new CEO after Yang Min Suk (Yang Hyun Suk Brother) resignation. “I’ve dedicated the past 23 years of my life to YG Entertainment. He entered the entertainment industry in 1997 at his brothers insistence. Recently, Yang has been accused of trying to cover up allegations that B.I., the lead singer of YG outfit iKON, used illegal drugs. The endorser for the game will be YG Entertainment’s BIGBANG. YG Entertainment CEO Yang Min Suk resigns soon after K-pop star Yang Hyun Suk steps down from all positions in company. He entered the entertainment industry in 1997 at his brothers insistence. The fallout from the Burning Sun scandal has caused YG’s stock to plummet, while Seungri was ultimately forced into retirement for his role. Hwang Bo Kyung has been working for YG since 2001; she was serving as the executive director and CFO. YG Entertainment CEO and Yang Hyun Suk’s brother Yang Min Suk has announced his decision to resign. Yang Hyun-suk, the co-founder and head of the giant K-pop label, agency and production company, YG Entertainment, has resigned amid a series of scandals, Variety reports. From there, the scandal widened to include multiple artists and allegations that ranged from drug use and trafficking to police corruption, bribery and sexual assault. Another netizen also expressed that his decisions to keep his stocks reflects his “desire to keep his authority in the company.” In his statement, Yang Hyun Suk apologized to the YG artists and fans and announced that he will resign from his positions in order to prevent further damage on both the artists and fans. Netizens are skeptical of the notion that Yang Hyun Suk has left his business administration. A representative from YG Entertainment had stated they will be collaborating with China’s biggest game publisher company for a mobile app game called ‘We Moba’. With the company he is known for having to help launch the careers of groups such as Big Bang. Continue reading He is the younger brother of Yang Hyun-suk. Yang Hyun Suk resigns from YG Entertainment AKP STAFF Yang Hyun Suk has officially resigned from the head producer and all other positions at YG Entertainment . His brother Yang Min-suk, who was serving as chief executive officer of YG Entertainment, also quit. YG Entertainment is among the top K-Pop record labels but its shares have more than … Yang Hyun-suk has resigned from the company he helped found over 20 years ago. Min-Suk Yang is Executive Director at YG Entertainment Inc. See Min-Suk Yang's compensation, career history, education, & memberships. Yang Hyun-suk announced Friday he had stepped down from all posts he holds at YG Entertainment. According to a report by Channel A on the 10th, police are tracing the source of funds that Yang Hyun Suk used for his gambling. Gambling overseas with three other associates from YG and its affiliate company YGX from 2015 to 2019 my heart beneath... Education, & memberships and Yang Hyun Suk hasn ’ t completely go! 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