YG accepts Seungri’s request to terminate his contract

YG accepts Seungri’s request to terminate his contract

Source - Donga 

2019-03-13 12:38:350

YG Entertainment announced its official position on its contract with Lee Seung-hyun.

YG Entertainment said in an official press release on Thursday that it will accept requests for Seungri and end its exclusive contract after announcing its retirement from winning, saying, "We apologize deeply for causing anxiety to fans and fans amid mounting suspicions and controversies, starting with the recent attack by the club that the winning team participated in."

"YG admits that it has not been managed more thoroughly as an artist management company and is deeply reflecting on its failure. Finally, YG is reducing the need for massive physical improvement and promises to do its best with all of its executives and employees.

YG Entertainment statement:

"Starting with the recent club attack on which the Seungri was involved, I sincerely apologize for the concern I have caused to many people, including fans, amid all the suspicions and controversies. After announcing its retirement from victory on the 12th, YG accepted his request to terminate its exclusive contract. As an artist management company, YG admits it has not been managed more thoroughly, and is deeply reflecting on it. Finally, YG is reducing the need for a major improvement and we promise to work with all of our executives and employees to do this."

동아 Reporter Hong Se-young projecthong@donga.com