S.Korea's YG Entertainment falls on tax probe report

YG Plus

21/03/2019 03:18

** YG Entertainment  122870.KQ , one of South Korea's top
talent management agencies, and affiliate YG Plus  037270.KS 
fall 3.9 pct each
    ** Local media reports National Tax Service launched a probe
into YG Entertainment 
    ** Last week, YG Entertainment terminated contract with
singer Lee Seung-hyun, 28, better known by the stage name
Seungri
    ** Seungri is suspected of paying for prostitutes for
foreign businessmen to drum up investment in his business
    ** Accusations of sex tapes, prostitutes and secret chat
about rape have rocked the music industry recently  urn:newsml:reuters.com:*:nL3N2111G1
    ** YG Entertainment could not immediately be reached for
comment on the tax probe report
    ** The broader KOSPI market  .KS11  up 0.7 pct

 ((hayoung.choi.thomsonreuters.com@reuters.net))