Pop singer Seungri to quit entertainment industry over alleged prostitution racket

Singer Seungri of South Korean boy band Big Bang has been accused of'sexual bribery at a night club he controls

Seungri, whose real name is Lee Seung-hyun, had already cancelled all planned engagements in February, and the March shows of his solo tour.

Once known as "the Great Gatsby of Korea" for his lavish lifestyle, Seungri is now expected to face imprisonment, if proved guilty, as prostitution is illegal in South Korea. As for the ongoing investigation, I will take it seriously to clear myself of all the allegations.

Word on the street has it that the 28-year-old singer has become Korea's public enemy #1 and nobody wants to be affiliated with him. The police are questioning at least three other people implicated in the Kakaotalk conversations in which it is alleged Seungri also participated. Shares of YG Entertainment fell as much as 14.2 per cent to its lowest since November 2018. "As I've been branded as a 'national traitor, ' I can not stand the fact that I'm harming others for my own sake".

BIGBANG is one of Korea's most popular boy bands, having sold more than 140 million records worldwide since their debut in 2006.

Another member, rapper T.O.P, was handed a 10-month suspended prison sentence for marijuana use in 2017.

A petition surfaced last week calling for him to step aside after causing "unrecoverable damage to the group's reputation".

"I give my heartfelt, honest thanks to fans at home and overseas who gave their love for the past 10 years, and I think this should be it for the sake of the reputation of YG (Entertainment) and BIGBANG", Seungri said in the Instagram post.

Again, I am sorry and would like to apologize once again.

The rep added, "He was in a deeper pain because it all happened right before his military enlistment", and said, "To be honest, nothing has been clearly revealed regarding Seungri throughout the month and a half long police investigation." .

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