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Yang Hyun-suk, Former YG Entertainment CEO Banned From Leaving The Country Over Gambling Charges

Yang Hyun-suk, Former YG Entertainment CEO Banned From Leaving The Country Over Gambling Charges
Yang Hyun-suk, Former YG Entertainment CEO Banned From Leaving The Country Over Gambling Charges

A travel ban has been imposed on Yang Hyun-suk, former CEO of YG Entertainment, and Seungri.

The move to impose a travel ban came after the headquarters of YG Entertainment was raided by Seoul Police earlier this week.
The Seoul Metropolitan Police Agency received approval from the country’s Ministry of Justice to impose a travel ban on both Yang and Seungri.

According to the gambling rules in South Korea, it is illegal for people to participate in gambling in the country and even outside the country where it is legal. However, normally if caught gambling overseas it is likely that one gets away with a warning.

It is reported that Yang and Seungri had been involved in gambling a large sum of money overseas which clearly violates the South Korean gambling laws. Both were booked by the Seoul Metropolitan Police.

Yang was also booked previously in July, on suspicions of arranging sex services for foreign investors after which he had to resign from his position in the company.

While the investigations are still underway, the duo will now not be able to leave the country until the travel ban is lifted which is unlikely.

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About the author

Utsav Kumar

Utsav Kumar

With a masters in literature and passionate about evolving technologies, Utsav has been covering the latest from the world of Blockchain, Artificial Intelligence, and AR for several online and print publications. He strongly believes that these evolving technologies have immense potentials to redefine existing online gambling infrastructures and can dramatically improve standards of customer protection. Utsav covers mostly compliance updates and other latest technical developments that impact the global casino and gambling industry. He can be reached out at utsav_kumar@casino.buzz

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