Yahoo'S Yang to Step Down As CEO. YG’s CEO and Yang Hyun Suk’s brother, Yang Min Suk, also announced that he is resigning. I sincerely hope that there will not be any further damage to my beloved celebrities under YG, and to the loving fans, because of me.”. On June 14, Yang Hyun Suk announced his decision to step down from his position at YG Entertainment. Yang Min-suk, the brother of YG Entertainment’s founder and chief producer Yang Hyun-suk, who also served as the label’s CEO, stepped down from his post Friday, announcing his decision in an emailed statement. HYPEBEAST® is a registered trademark of Hypebeast Hong Kong Ltd. Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more. Nov. 18, 2008 10:08 a.m. PT. YG Entertainment CEO Yang Min Suk resigns soon after K-pop star Yang Hyun Suk steps down from all positions in company After news of iKON leader BI's involvement in a 2016 drug case broke this week, things have not gone very well for the South Korean entertainment agency Yang Min-suk was appointed as the company's CEO, with YG Entertainment owning 38.6% of the company's shares. In a decision on Nov. 27, Judge Park Soo-hyun of the Seoul Western District Court imposed the fine on Yang. We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. The Associated Press reports that Yang has decided to step down … Last month, reports surfaced that Yang allegedly solicited prostitution for business partners in the past. All Rights Reserved. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse. 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Today, it’s been announced that founder Yang Hyun-suk and his brother, CEO Yang Min-suk, have resigned from the company following sustained allegations of … Showcasing furniture and products envisioned by the acclaimed Japanese architect. Yahoo CEO Yang to step down. ... Yang, who became CEO in June 2007, will take on his former title of “Chief Yahoo” once a successor is found, and also remain on the board. as new CEO. … Tw It brought me great happiness to support the best music and the best artists,” it read. In the statement, the former YG CEO said he wished his “decision (to resign) will bring about the start of new, positive changes for YG Entertainment.”, Published : Jun 14, 2019 - 18:36       Updated : Jun 15, 2019 - 10:49, New infections up over 500 on flare-up in religious community infections, With COVID-19 vaccines just weeks away, S. Korea aims high, Hyundai’s Kona EV investigated for catching fire after recall, [Eye on Business] The story behind Korea’s ‘screen golf’, Moon’s tough job of striking balance between US, China, [News Focus] Unauthorized alternative schools in blind spot of Korea’s virus control efforts, Pets and COVID-19: What owners should know, S. Korea pushes to embrace cohabiting couples, non-traditional families, S. Korea extends suspension of flights from Britain till Feb. 11, Navy chief urged to take 'special caution' after defense ministry inspection, BTS agency Big Hit to invest 70 bln won in K-pop giant YG, Moon briefs global leaders on S. Korea's inclusive policy amid pandemic, Worsening slump hits Korea’s magazine industry, Korean kids eat too much sugar: Food Ministry, Determination, execution, collaboration needed to tackle climate change: LG Chem chief, Washington could revive four-party, six-party talks with NK under Blinken, Youn Yuh-jung bags 20th trophy in US for her role in ‘Minari’. YG Entertainment founder Yang Hyun-suk announces today (June 14) that he will be stepping down from playing any role in the company. Some of its notable clients include Coca-Cola, SK Telecom, and The Face Shop. “I thought of it as the only thing I could offer fans and society.”, He added, “However, from today I will step away from all of my roles and work at YG. YG has denied the claims. Even YG Entertainment CEO Yang Hyun Suk has regrets about missing on some celebrities who had previously auditioned for his agency. The shocking move comes after a series of high-profile legal scandals surrounding the company and its artists. 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