Seungri’s taste for the high life earned him the nickname the Great Gatsby of Korea. But now the singer, a member of one of South Korea’s biggest K-popbands, is facing charges that he procured prostitutes for businessmen in some of Seoul’s most fashionable nightclubs.
The youngest member of Big Bang has announced he will retire to fight the charges and to spare his management agency, YG Entertainment, and fellow band members further embarrassment, according to South Korea’s Yonhap news agency. The decision came after news of the scandal spread on social media on Monday.
Shares in YG slid by almost 16%, while other K-pop management companies also suffered losses.
The 28-year-old was arrested on suspicion of supplying prostitutes to foreign investors at several nightclubs in Seoul’s upmarket Gangnam district.