The company operates as a record label, talent agency, music production company, event management, concert production company, and a music publishing house. YG Entertainment was established in 1996 by Yang Hyun Suk. He resigned from his position of CEO back in June of 2019. He was accused of being part of the "Burning Sun" scandal alongside accusations of covering up the drug use of artists under YG Entertainment.
Yang Hyun Suk has been embroiled in more controversies in recent years.
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His first trial will be held on August 14. On July 21, 2020, Star News investigations revealed that Yang Hyun Suk, along with four other parties, were given orders from the court. However, it seems the charges were appealed against, as a trial has been opened immediately. Then, in May 2020, Yang Hyun Suk was booked with an informal prosecution that charged him with a sentence without a proper court trial. If they lose, they repay it back in Korean won. If they win, they return the money borrowed. Numerous Koreans who gamble overseas try to bypass the law by borrowing the currency of the country they are in rather than in Korean won. He would repeatedly borrow dollars in Las Vegas and gamble at high-stakes baccarat tables. The former CEO was found to be gambling in Las Vegas, United States, staying in the VIP room of the MGM Grand back in February 2018 to celebrate the conclusion of his survival show "MIXNINE" alongside PD Han Dong Chul another staff members who worked on the show. Accounts were set up in both South Korea and the United States, with the money deposited being South Korean won and what was withdrawn would be US Dollars. They found records of transactions totaling to over 1.3 billion KRW (roughly USD 1,074,066). In April of that year, police gained intel of Yang Hyun Suk's illegal overseas gambling, prompting the Financial Intelligence Unit (FIU) to launch an investigation in Yang Hyun Suk's accounts. Koreans are only allowed to gamble in one casino called Kangwon Land. Even if done overseas, Koreans can be charged 20 million Korean won or face three years of jail time for gambling. For those who don't know, gambling is illegal in South Korea. In August 2019, Yang Hyun Suk faced allegations of gambling overseas, leading to investigations. All three of them posted her new teaser images on their Instagram stories to share their support!Īll #BLACKPINK members have posted on their Instagram stories to support ROSÉ’s solo on March 12th! Hyun Suk, founder and former CEO of YG Entertainment, is being taken to court. If any Blinks are wondering if the rest of the BLACKPINK girls are supportive of Rosé’s solo venture, Jennie, Lisa, and Jisoo cannot make it more obvious. The singer had been working on it for the last three years and Blinks were finally able to hear it, which only got them more hyped for her solo album.
Then in February, during BLACKPINK’s online concert BLACKPINK: The Show,Rosé performed her solo song, “Gone” for the very first time.
YG first announced Rosé solo debut back in January along with a teaser video, giving Blinks an early listen and view to what the singer’s solo music project would look and sound like–and it matches really well with the teaser posters! In the distance, you can see a sign reading “NO WAY OUT YOU ARE NOW” leaving the rest to the viewer’s imagination. The second teaser poster is set ablaze with Rosé wearing what looks like a red dress and black platform combat boots, as the setting behind her is up in flames. In the first teaser poster, Rosé is giving a sultry look while wearing a beautiful tulle dress and laying on a leather couch. The stunning images feature the 24-year-old singer in drastically different settings. The wait is finally over Blinks, YG Entertainment just dropped the first teaser posters and images for BLACKPINK’s Rosé’s solo debut-including an album release date set for March 12.
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