Article: YG Stock plummets after news of Yang Hyun Suk being booked...52-week record low
YG Entertainment stocks plummet after news of Yang Hyun Suk being booked.
As of 10:30am KST on the 18th, YG stocks in the KOSDAQ market traded at 26,600 won (~$22), down 3.09% from the previous day. This is the company's lowest price in the past year.
The drop in stock price is due to Yang Hyun Suk being booked by the Seoul Metropolitan Police Agency on the 17th on charges of mediating prostitution. Yang is suspected of mobilizing adult entertainment women at a luxury restaurant party for billionaire Jho Low in September 2014.
Yang Hyun Suk stepped down as the company's executive back in June.
Stay tuned for updates.
Posted by 6,126 pts Thursday, July 18, 2019
YG stocks plummet to a record 52-week low after news of Yang Hyun Suk being booked
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