Before Fame. Following YG’s brother, Yang Min Suk, stepping down from his position of YG Entertainment CEO, it was worth watching who they appointed to take over to see if anything was going to change or not. His brother Yang Min-suk, the firm’s chief executive, has also resigned. 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. HIGHGRND (read as "high ground") was an independent sub-label headed by Epik High's Tablo. Authorities in South Korea are reportedly also investigating claims that Yang provided prostitutes to potential investors. The Best Bookshelf Speakers Our Editors Are Using Right Now, Journey Frontman Arnel Pineda on the Band’s New Record, Dreams of a Steve Perry Reunion, Read These ‘Bridgerton’ Books While Waiting for Season 2 to Stream on Netflix, Inside ‘The Show,’ Blackpink’s First-Ever Livestream Concert, Yes, You Can Get a Canon Digital Camera Right Now for Just $229, Jimmy Fallon Went to a Hardware Store. His brother Yang Min-suk, who was serving as chief executive officer of YG Entertainment, also quit. YG Entertainment‘s Yang Hyun Suk has released an official statement, announcing that he will be stepping down from all positions at the agency. 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. 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. YG’s top shareholder, Yang, founded the K-pop management firm in 1996. Send us a tip using our anonymous form. Last but not least, I believe the truth beneath all the rumors and what is currently being reported will be probed thoroughly.”. Yang Hyun Suk, founder and former CEO of YG Entertainment, is being taken to court. Another netizen also expressed that his decisions to keep his stocks reflects his “desire to keep his authority in the company.” 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. South Korean business executive who is widely recognized for having co-founded the entertainment giant YG Entertainment with his older brother Yang Hyun-suk. 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.. He entered the entertainment industry in 1997 at his brothers insistence. 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. The fallout from the Burning Sun scandal has caused YG’s stock to plummet, while Seungri was ultimately forced into retirement for his role. YG Entertainment CEO and Yang Hyun Suk’s brother Yang Min Suk has announced his decision to resign. Yang Hyun Suk has dedicated 23 years of his life to YG Entertainment. 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. 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 . Actress Kim So Hyun decided to join Jun Ji Hyun’s Agency Lee Min Ho was criticized … Sign up for our newsletter. The company operates as a record label, talent agency, music production company, event management and concert production company, and music publishing house. “I’ve dedicated the past 23 years of my life to YG Entertainment. The obvious answer to that was provided today as they promoted Hwang Bo Kyung to CEO. 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. YG being stabilized as soon as possible is what I am hoping from the bottom of my heart. 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. 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 … On March 22, the 21st annual shareholder’s meeting for YG Entertainment took place. © FamousBirthdays.com - use subject to the information collection practices disclosed in our Privacy Policy. Hwang Bo Kyung has been working for YG since 2001; she was serving as the executive director and CFO. In a decision on Nov. 27, Judge Park Soo-hyun of the Seoul Western District Court imposed the fine on Yang. Continue reading Earlier this year, however, the company was rocked when police in Seoul, South Korea charged Big Bang’s Seungri with operating a prostitution ring at a popular nightclub called Burning Sun, where he was also on staff as a publicity director. 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. 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. YG Entertainment CEO Yang Min Suk resigns soon after K-pop star Yang Hyun Suk steps down from all positions in company. 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. 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. YG Entertainment has finally unveiled their new CEO! Personal life 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. The endorser for the game will be YG Entertainment’s BIGBANG. Recently, Yang has been accused of trying to cover up allegations that B.I., the lead singer of YG outfit iKON, used illegal drugs. “For the past 23 years have I devoted half of my entire life to grow YG [Entertainment],” Yang said in a statement. With the company he is known for having to help launch the careers of groups such as Big Bang. In 2014 he was able to secure contracts for a number of South Korea's largest actors including Cha Seung-won. We want to hear from you! Yang was indicted earlier this year for gambling overseas with three other associates from YG and its affiliate company YGX from 2015 to 2019. Following the resignation of Yang Min Suk, YG Entertainment welcomes their new CEO, Hwang Bo Kyung.. After the massive news of Yang Hyun Suk, the 49 year old producer and (now ex) label owner, officially stepping down from all positions in the company on June 14th was out, Yang Min Suk, his brother, also announced his resignation from the position of CEO of YG Entertainment, … Yang Hyun-suk has resigned from the company he helped found over 20 years ago. 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. 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’. [BREAKING] YG Entertainment president and founder Yang Hyun Suk was arrested by police and charged with gambling for $ 335,460 in Las Vegas. 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. According to the year-end reports, Yang Hyun Suk is still the major stockholder of the … Entertainment company, multiple artists have faced allegations of drug use, prostitution, corruption, bribery, sexual assault. South Korean business executive who is widely recognized for having co-founded the entertainment giant YG Entertainment with his older brother Yang Hyun-suk. With the company he is known for having to help launch the careers of groups such as Big Bang. 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. But news reports suspect that Yang Hyun Suk hasn’t completely let go of the reigns. After news of iKON leader BI's involvement in a 2016 drug case broke this week, things have not gone very well for the South Korean entertainment agency By Vidisha Joshi Published on : 04:00 PST, Jun 14, 2019. © Copyright 2021 Rolling Stone, LLC, a subsidiary of Penske Business Media, LLC. 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. His brother Yang Min-suk, the agency’s chief executive, also stepped down, according to a regulatory filing. Netizens are skeptical of the notion that Yang Hyun Suk has left his business administration. Yang Hyun Suk đã ghé thăm sòng bạc vào tháng 10 năm 2017 và tháng 2 năm 2018. YG Entertainment has announced a new CEO and lead director following Yang Min Suk's resignation. Want more Rolling Stone? On June 21, 2015, Tablo introduced the band Hyukohvia Instagram as the label's first official artist. YG Entertainment is among the top K-Pop record labels but its shares have more than … 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. He entered the entertainment industry in 1997 at his brothers insistence. On June 14, Yang Hyun Suk shared his official statement regarding the recent controversies surrounding YG Entertainment. “But today I am leaving all my duties at YG. The company had fostered artists Millic, offonoff, Punchnello, Code Kunst, The Black Skirts, Idio… Trivia YG Entertainment is a South Korean entertainment company established in 1996 by Yang Hyun-suk. Min-Suk Yang is Executive Director at YG Entertainment Inc. See Min-Suk Yang's compensation, career history, education, & memberships. YG still remains in the hands of Yang Hyun Suk and Yang Min Suk”. 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