Scandal Spread: Yg Entertainment and Management Agency

scandal spread: The youngest member of Big Bang has announced he will retire to fight the charges and to spare his management agency, YG Entertainment, and fellow band members further embarrassment, according to South Korea's Yonhap news agency, according to The Guardian. The decision came after news of the scandal spread on social media on Monday. But now the singer, a member of one of South Korea's biggest K-pop bands, is facing charges that he procured prostitutes for businessmen in some of Seoul's most fashionable nightclubs. Shares in YG slid by almost 16%, while other K-pop management companies also suffered losses. South Korea nixes diversity rules after saying K-pop stars 'look identical'Read more Prostitution is illegal in South Korea. The 28-year-old was arrested on suspicion of supplying prostitutes to foreign investors at several nightclubs in Seoul's upmarket Gangnam district. (news.financializer.com). As reported in the news.

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