Lifestyle & Entertainment

YG Entertainment terminates Seungri’s contract upon his request

South Korean label YG Entertainment has released their official statement confirming that they already terminated the contract of Seungri, maknae of the boy band Bigbang, upon his request.

The confirmation came following Seungri‘s post about him retiring from the entertainment industry.

Hello, this is YG Entertainment.

Starting from the recent club assault scandal, which Seungri was involved in, we would like to apologize for the concern we have caused many people, including the fans, due to the numerous suspicions and controversies.

After Seungri announced his retirement on March 12, YG Entertainment has honored Seungri’s request to terminate his exclusive contract.

As an artist management company, we admit that we have not managed our artists as thoroughly as we should, and we are deeply reflecting on that.

Finally, YG Entertainment is aware that we need major improvements, and we promise to work with all of our executives and employees to put those improvements into place.”

On March 11, Seungri uploaded a letter to his personal Instagram account, thanking his fans for the 10 years of support and announcing his retirement from the entertainment business.

However, hours after Seungri’s post, a YG producer made a post on social media that he believed Seungri was kicked out of YG Entertainment, not voluntarily left. The Instagram account of the said producer has now been deleted as of writing.

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승리입니다 제가 이시점에서 연예계를 은퇴를하는것이 좋을거같습니다. 사회적 물의를 일으킨 사안이 너무나 커 연예계 은퇴를 결심했습니다 수사중인 사안에 있어서는 성실하게 조사를 받아 쌓인 모든 의혹을 밝히도록 하겠습니다. 지난 한달반동안 국민들로부터 질타받고 미움받고 지금 국내 모든 수사기관들이 저를 조사하고 있는 상황에서 국민역적 으로까지 몰리는 상황인데 저 하나 살자고 주변 모두에게 피해주는일은 도저히 제스스로가 용납이 안됩니다 지난 10여 년간 많은 사랑을 베풀어준 국내외 많은 팬분들께 모든 진심을 다해 감사드리며 와이지와 빅뱅 명예를 위해서라도 저는 여기까지인거같습니다 다시한번 죄송하고 또 죄송합니다 그동안 모든분들께 감사했습니다

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