YG Entertainment Chief Resigns Over K-Pop Scandals

YG Entertainment CEO Yang Hyun-suk announced on Friday that he is stepping down after scandals involving a number of singers in its stable were exposed.

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YG Entertainment, one of Korea's three largest talent agencies, has been embroiled in a series of scandals -- the biggest involving Seungri of boy band Big Bang who was accused of pimping and embezzlement. Yang is also suspected of being involved in those charges.

The latest scandal hit B.I. of boy band iKON. He quit the band on Wednesday in the wake of allegations of drug use.

Yang is alleged to have pressured a drug dealer to change her testimony and deny the allegations against the singer.