Following Seungri’s retirement announcement, YG Entertainment announced March 13, 2019 that his exclusive contract with the company has been terminated.
In a statement, YG Entertainment addressed the situation.
Hello, this is YG Entertainment.
We would like to bow our heads in apology for causing severe worry for many due to the numerous controversies and allegations, which began with the violence case at a club where Seungri participated as an advisor.
Shortly after announcing Seungri’s retirement from the entertainment industry back on March 12, YG Entertainment has accepted Seungri’s request to terminate his exclusive contract.
As an artist management company, we admit our failure to manage our artist with stricter care; we are currently reflecting on our actions.
Finally, YG recognizes a need for a mass revision of the company’s internal constitution, and we promise to work together with all employees of the company to make this happen.
Meanwhile, YG Entertainment’s stocks fell 14 percent March 11, 2019 following the news that Seungri was named a suspect for allegations he supplied prostitutes to potential investors. Seungri is cooperating with police and will be questioned further March 14, 2019. Seungri is also expected to enlist in the military March 25, 2019.
All parties are considered innocent until proven guilty in the court of law.
— Olivia Murray
User Review
( votes)Related Articles
Lay Zhang Releases Stunning ‘Veil’ Music Video
The international phenomenon celebrates his 10th anniversary WATCH “VEIL” MUSIC VIDEO BY LAY ZHANG HERE Chinese pop sensation, LAY (Lay Zhang) delivers a brand new music video today, Veil, the focus track from his upcoming EP,... Read More
EXO’s Lay Zhang to Headline Inaugural MetaMoon Music Festival
Today, the highly anticipated MetaMoon Music Festival, a celebration of Asian artistry and culture, confirms three new artists joining their star-studded lineup: Amber Liu of f(x), Chinese urban/soul singer Tia Ray and Hong Kong-based pop... Read More
Generation Z’s newest Japanese icon LANA releases new track ‘Get It (feat. ZEN & KESSO)’, a rallying anthem for the rising generation!
LANA, who set the music scene alight with her song ‘FLAME (feat. LEX, Saru jr.Fool & taisyov)’, has released a new digital single, ‘Get It (feat. ZEN & KESSO)’. The track hits hard, with deep lyrics that draw on LANA’s own... Read More
Several Korean Celebrity Share Upcoming Marriage News
Love is in the air for several K-celebs as a parade of marriage announcements came out this week! On September 16, actress Go Won Hee, who is known for her roles in Blooded Palace: The War of Flowers (2013), The Stars are Shining (2015),... Read More
KARA to Make 15th Anniversary Comeback
Get ready, Kamilia! KARA will be making a comeback this November to celebrate their 15th anniversary! Nicole, Youngji, Jiyoung, Gyuri, and Seungyeon announced they will all be part of the anniversary comeback. Their agency, RBW, which... Read More
Rising K-pop superstars IVE recently unveiled a new single “After LIKE” which is seeing massive streaming success since its release:
Surpassed 1 million album sales in 11 days Surpassed 10 million streams on Spotify in 5 days Surpassed a total of 2 million album sales for three singles (“ELEVEN,” “LOVE DIVE,” “After LIKE”) Surpassed 150... Read More
NAQT VANE, a new music project from Japan featuring vocalist Harukaze and producer Hiroyuki SAWANO, breathes a wind of change. Debut digital single ‘Break Free’ out now!
NAQT VANE, a new team music project from Japan that officially formed on September 1, released debut digital single ‘Break Free’ on September 16, marking the start of the group’s activities. This is a project for everyone living in the... Read More
LOONA Concludes 1st World Tour with Seoul Concert
After concluding their first world tour, LOONA, the queens of K-pop lore are ready to mesmerize their fans with enchanting performances once again. LOONA’s in SEOUL concert will take place on October 15th at 6PM (KST) and October 16th at... Read More
An animation project called, “Mecha-Ude: Mechanical Arms” begins! Today, “Comicalize” starts Mecha-Udes previewing manga series on LINE Manga and ebookjapan!
An animation project called, “Mecha-Ude: Mechanical Arms” begins! Today, “Comicalize” starts Mecha-Udes previewing manga series on LINE Manga and ebookjapan! And the documentary movie about TriF Studio, the studio which originally created... Read More
HyunA and Dawn Leave P NATION
K-Pop power couple HyunA and Dawn have decided to leave P NATION following their contract expirations. They are the second and third artists to leave PSY’s label following Jessi’s departure July 6, 2022. P NATION shared the departure news... Read MoreOur Advertisers
Leave a Reply