Stock Price Drop for YG Entertainment Amid G-Dragon Copyright Investigation

The stock value of YG Entertainment experienced a 4.80% decline following an investigation into possible copyright infringement involving G-Dragon. Yang Hyun-suk is currently being investigated by the police.

The stock price of YG Entertainment decreased after it was reported that singer G-Dragon and the company's executive producer, Yang Hyun-suk, are under police scrutiny for alleged copyright violations. This investigation follows a six-day period of stock growth supported by strong second-quarter financial results.

As of 9:22 a.m. on the 13th, the stock was priced at ₩97,200, reflecting a ₩4,900 (4.80%) drop from the last session. Initially opening at ₩102,000, the stock reached an intraday low of ₩97,100, amounting to a 4.89% decrease.

This decline contrasts with the company's recent positive performance. On August 8, YG reported a return to profitability in the second quarter, with consolidated revenue of ₩100.4 billion and an operating profit of ₩8.4 billion. The net income was noted at ₩11.2 billion, showing year-on-year improvement. On August 12, the stock attained a 52-week high of ₩104,900.

According to police sources, the investigation by Seoul’s Mapo Police Station began after receiving a complaint in November from a composer identified as A. The complaint alleges that G-Dragon and Yang Hyun-suk infringed copyright by reproducing and distributing one of his works without permission as part of an album.




YG Entertainment has refuted these allegations. In a statement reported by Ilgan Sports, a company representative stated, "This issue arises from a 2009 solo concert where two songs with identical titles were mistakenly included in the setlist. It is not a case of unauthorized album reproduction."

Reports indicate that police have interviewed relevant individuals and conducted two searches of YG Entertainment’s headquarters as part of the ongoing investigation.