Seungri’s Company YG Did Not Know About His Other Job

Re-Blogged By: De De Tillman

Media: koreaboo

Posted: Monday April 15, 2019 @ 12:17 am PST

On April 11, the Intellectual Crime Team of the Seoul Metropolitan Police Agency searched Junwon Industries, a major shareholder of Burning Sun, and Yuri Holdings.

Junwon Industries is a major shareholder of Burning Sun Entertainment, which managed Club Burning Sun, and was the actual owner of the business as well as the owner of Le Meridian Hotelwhere Club Burning Sun was located in.

Previously, Junwon Industries appropriated 16,660,000 KRW ($14,700 USD) for the monthly rent of Burning Sun but since the end of last year, the monthly rent rose by 6 times. The police have confirmed that Burning Sun paid over 100M KRW ($88,300 USD) in monthly rent to Junwon Industries and are currently investigating on the possibility of embezzlement. The police suspect Junwon Industries and Seungri to have embezzled approximately 600M KRW ($530,000 USD) in total.

Junwon Industries’ CEO Choi, Seungri and Yoo In Suk have additionally been booked for embezzlement. The embezzled amount may increase in the future.

In regard to the issue, YG Entertainment claimed that they paid Seungri’s manager his salary and did not know about any additional pay received by Seungri or other businesses.

Mr. G was Seungri’s manager when he was employed at YG (currently resigned) and as a result, our company paid his salary. We are irrelevant to Seungri’s personal business and did not know about any additional pay he received from his second job as auditor of Yuri Holdings or from businseses related to Seungri.

ㅡ YG Entertainment

ㅡ Police

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