YG Entertainment Appoints New CEO Amid Scandal
Written by Claire Coburn on June 24, 2019
Yang Hyun Suk has officially stepped down as the CEO of YG Entertainment amid the drug scandal involving the leader of boy band iKON, Kim Hanbin. Yang Hyun Suk founded the agency in 1996, and it became apart of what is known as the “Big Three” entertainment agencies in South Korea, alongside SM Entertainment and JYP Entertainment. Although he has resigned as CEO, he still owns the largest share of YG Entertainment, meaning his influence will not waiver from the title change. His resignation follows a string of scandals that began with the youngest member of his biggest boy band Seungri being accused of throwing massive parties for his investors that included drugs, prostitution, and more. His case is still ongoing, but a new scandal has arose involving the leader of younger boy band iKON. Kim Hanbin was accused of attempting to by Marijuana and LSD back in 2016, however there was no further prosecution after police reports were filed. The agency also has no records of any iKON members failing drugs tests at anytime. Hanbin chose to immediately terminate his contract and leave the group and agency when the news broke to lessen the damage to his group and other members.