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YG Entertainment Will Now Prohibit Their Artists From Owning Businesses

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YG Entertainment Will Now Prohibit Their Artists From Owning Businesses

ChungAng University Student Union’s Logo Too Similar To Kim JaeHwan’s Fandom?

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After being hit with a massive scandal through former BIGBANG member SeungRi, who is currently being investigated for solicitation of prostitutes, police collusion, and tax evasion, YG Entertainment’s first measure in ensuring something similar never happens again seems to be imposing regulations on their artists who owns or may in the future own businesses.

In the past, it was difficult for the agency to directly manage an artist’s business because it was a private matter for the artist and the agency did not have much influence in how things were run.

burning sun

Burning Sun

monkey museum

Monkey Museum

But given how the recent scandal has negatively affected YG Entertainment, it seems that the agency itself can now no longer afford nor tolerate any more legal troubles as their reputation and stock prices are at an all time low.

YG producer Yang HyunSuk’s past statement saying how the agency has no relevance or connections to their artists’ business no longer holds up to be true in this case.

Specific details on whether artists are prohibited completely from owning businesses or regulated have not yet been revealed.

Stay tuned for updates!

 

Read More : Police Uniform In SeungRi’s Selfie Belongs To The Chief Of Police?

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CyanClover014wyrdythegerbilGuest Recent comment authors
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CyanClover014
CyanClover014

So an artist can be even more of a slave to the agency? How is it fair to punish everyone for one person’s misdeed? Are they going to teach their artists not to evade tax, too?

wildfire160
wildfire160

Its a virtually impossible thing to do ..unless their contracts say they cant run/own businesses a ban?? is unlikely to be enforceable…

Guest
Guest

so wth are they going to do about g dragon and his cafe and his clothing brand.
clearly this agency is just saying this to appear sorry to the public and trybto get their stocks back up. oh and to try and save their B grade gir group blackpink