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Yang Hyun-suk resigns from YG Entertainment amid recent scandals

He hopes that no other artists will be harmed after him stepping down

Yang Hyun Suk, founder of South Korea’s YG Entertainment that is home to some of the big names in K-Pop such as BIGBANG, 2NE1, BLACKPINK, iKON, WINNER and many more, has announced that he will step down from his position at YG Entertainment, amid the recent controversies surrounding the company.

While ultimately denying the allegations thrown against him and the company, Yang Hyun-suk apologized to the fans who love YG, its artists and also to the employees who are still continuing to do their work despite heavy criticisms.

He also said that he’s been tolerating words about the current situation, and is now difficult, despite the 23 years of his dedication at work to grow YG to where it is currently.

Yang Hyun Suk will be stepping down from all of his positions at YG starting today.

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You can read his full statement below:

This is Yang Hyun Suk.

I am so sorry to the fans who love YG and our agency celebrities. I am also sincerely apologetic to all of our employees who are silently continuing to do their work throughout the criticisms.

I have been patiently tolerating words about the current situation that are too disgraceful and humiliating to mention as they have been told indiscriminately as though they are the truth. However, I think it’s too difficult now. I think that there can no longer be a situation where YG, our agency celebrities, and fans are experiencing harm due to me.

For 23 years, I have dedicated half my life and everything to growing YG.

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The work of supporting the best music and the best artists was the greatest happiness for me. I have thought that this is the only ability I can contribute to fans and society.

However, I will step down from all of my positions and work at YG starting today.

I sincerely hope that there is no further harm to the YG agency celebrities I love, and to the fans who love them, because of me.

Currently, there are many experts at YG who have more capabilities and sense than me. I think that my stepping down will be a good opportunity for them to exhibit their abilities better. It is my sincere wish that YG can stabilize as soon as possible.

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Lastly, I believe that the truth of the current media reports and malicious gossip will be revealed through investigations. Thank you.

YG Entertainment and some of its artists has been embroiled in many scandals lately, including former BIGBANG member Seungri and the prostitution allegations against him, as well as iKON’s B.I, who left iKON and YG Entertainment this week due to its alleged involvement with drugs. -HallyuLife.com

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