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YG, third entertainment agency to be listed on KOSDAQ,
attracts 3.6 trillion won in IPO
The recent success of YG Entertainment and other listed Korean entertainment agencies in the stock market is an indicator of the growing influence of Korean pop music at home and abroad, analysts said Wednesday. Continue reading
YG Entertainment released an official statement regarding G-Dragon‘s having been caught smoking marijuana. The official statement contains the story in the perspective of YG Entertainment and G-Dragon. The response seems to respond to the reactions of the Korean public. Besides shock, the Korean public had several questions of why G-Dragon’s punishment was so lenient. Continue reading
YG Entertainment is in a state of emergency because of the mishaps that have been occurring lately, that started with Daesung’s unfortunate accident and now G-Dragon and his suspension of indictment for smoking marijuana.
Big Bang’s G-Dragon has caused shockwaves due to his smoking marijuana. He is currently under the suspension of indictment (which is basically a warning) for smoking marijuana in Japan. According to a representative of the prosecutor’s office, “On June 15, there was a search-and-seizure and the urine test at that time had come out negative, in July a hair drug test turned out positive.”
The CEO of YG Entertainment, Yang Hyun Suk stated, “It is shocking, after we have determined the matter of fact we will give out an official response.” An insider of YG Entertainment also stated, “We are holding an emergency meeting. It appears that a lot of plans for Big Bang and GD&TOP need to be changed. G-Dragon will ‘take out some time for self-reflection’ (He is going to take a break from promoting activities). He feels a lot of remorse at the moment.”
Originally, GD&TOP were going to officially debut in Japan with the single “Oh Yeah (Feat. BOM)” on November 9.
Currently Big Bang’s other member Daesung is also going through some “self-reflection time” because of the car accident that resulted in another man’s death. Although he was acquitted, it is being said that he will not return within this year.
YG Entertainment has another major problem, stocks. In June YG Entertainment went through the initial phase for being listed on KOSDAQ, but they are still not listed. Experts are stating that the recent string of incidents will probably not stop YG Entertainment from being listed. However, YG Entertainment relies on its celebrities and their activities. Thus, all of these accidents that are occurring will probably have a negative impact on YG Entertainment stocks if they do become listed.
Currently YG Entertainment recorded sales of nearly $45 million from January 1 to June 30. 27.98% is from Big Bang’s concerts such as “2011 BIG Show” and “Love & Hope.”
Source : Soompi
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Currently Big Bang’s G-Dragon has caused shock waves because of the fact that he was seen smoking marijuana and had positive results for a hair drug test.
On October 5, According to the prosecutor Kim Hwe Jong of the Seoul “Serious Crime Squad” department (This department takes care of serious crimes such as drugs etc.), “Currently G-Dragon is under the suspension of indictment for the suspicion of smoking marijuana.”
(Basically, G-Dragon did smoke marijuana, but taking into consideration several factors the prosecutor’s office is not giving him a serious charge, he is not being indicted. This is a form of a “Warning”
According to the prosecutor’s office, around May, G-Dragon smoked marijuana in Japan. The prosecutor’s office gave G-Dragon a hair drug test and the results were positive. It is being said that G-Dragon confessed to having smoked marijuana at a club in Japan according to the report of the prosecutor’s office.
According to the report, G-Dragon, “Went to a Japanese club and received a cigarette from a Japanese stranger, he smoked one of them but the smell was different from cigarette smoke, however he still smoked a little bit of it.”
The prosecutor’s office stated that they put G-Dragon under “the suspension of indictment,” which recognizes the criminal suspicion/charges but takes into consideration other factors such as age, criminal motive, and remorse, etc. Thus, the prosecutor’s office is not officially indicting him.
Source : Soompi
repost by: kseoulbuzz.wordpress.com
TAKE OUT WITH FULL AND PROPER CREDITS!
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Duo GD&TOP from the popular boy band Big Bang drive fans wild at the Padang on Friday night. (Yahoo! photo)
You gotta hand it to the Korean boys — they sure know how to work a crowd. Continue reading
Two of the hottest faces in k-pop will be re-debuting in Japan…under a different group.
Big Bang members G-Dragon and TOP will be introducing their sub-unit duo GD&TOP in the neighboring country by dropping the single “Oh Yeah” on November 9th. Also included will be the song “High High”, both previously released tracks in Korea. Continue reading
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