Former YG Entertainment CEO Yang Hyun Suk was fined 15 million KRW (about 13,600 USD) for gambling overseas.
On Nov 27, the Seoul Western District Court held a sentencing hearing on four people, including Yang Hyun Suk, who was indicted on overseas gambling charges. This day, Yang was ordered to pay a fine of 15 million KRW.
Yang Hyun Suk is suspected of gambling a total of $335,460 with four other people in Las Vegas seven times between July 2015 and January 2019. Yang was previously forwarded to prosecution by the police on habitual gambling charges, but the court later requested he be put to trial, which began in September.
During his first hearing held in September, Yang admitted to his gambling charges but stressed that it was never “habitual.” In the second hearing, the prosecution demanded a fine of 10 million KRW, and Yang at the time said, “I’m sorry for causing concern for my carelessness. I’m sincerely and sternly reflecting on my actions. I will never repeat the same mistake again.”
Meanwhile, Yang stepped down as the CEO and the chief producer of the K-pop powerhouse in June 2019 when former iKON member B.I. was embroiled in drug allegations.