After the new allegations made against him and the controversies surrounding his agency, the founder of YG Entertainment, Yang Hyun Suk, has decided to step down from his position.
In his official statement, he continues to deny everything and promises the truth will be revealed soon. He still announced he is planning on resigning from YG Entertainment.
Here is the full translated statement:
“This is Yang Hyun Suk.
I would like to apologize to the fans who love YG and our agency artists. .
I also sincerely apologize to all of you, our employees, who have been working silently through the criticism.
I have endured patience with the present situation where shameful and disgraceful words are being spoken indiscriminately as if they were the truth. But it seems that its too difficult now.
I thought there should be no more situations where YG, our celebrities, and the fans experience harm because of me.
I’ve devoted half my life to growing YG in the last 23 years.
The greatest happiness to me came from the work of supporting the best music and the best artist. I have thought that this is the only ability I can contribute to fans and society.
However, as of today, I will step down from all my positions and work at YG.
I sincerely hope that there will be no more damage to my beloved YG celebrities and all the fans who loved them, because of me.
There are many talented experts who have more capabilities and sense than me in YG right now. I think my stepping down will be a good opportunity for them. I sincerely hope that YG can stabilize as soon as possible.
Finally, I believe that the truth about the current media reports and rumors will be revealed in the course of future investigation. Thank you.”
What do you think of this?