192

46

News
Posted by emmamadison2411,004 pts Friday, December 27, 2019

YG Republique to officially close down next week after one year due to declining sales, netizens react

USER CONTENT

YG Republique, located at Shinhwa World in Jeju will officially close its doors on December 31.


The ambitious project byYang Hyun Suk and YG Foods president Noh Hee Young opened on February of last year and was said to have the hand of midas. However, it appears that operating results did not meet expectations and the company finally made the decision to shut it down.

According to reports, foot traffic to the store was basically nonexistent since Seungri's 'Burning Sun' scandal and Yang Hyun Suk's multiple scandals from bribery, embezzlement, prostitution, tax evasion, and more.

YG Republique also housed a lot of G Dragon's artworks at the 'Untitled' cafe in the building as well as the bowling alley 'Act III', named and designed after G-Dragon's songs.

Knight images
Knight images
Knight images

Netizens commented, 

[+1,301, -25] Arrest Seungri and Yang Hyun Suk!!

[+1,096, -10] Yang Hyun Suk, Noh Hee Young and many other companies are eating well with that tax evasion money

[+840, -13] The Shinhwa World Hotel is great but there's hardly anyone there nowadays. The theme park is empty too. It's all Chinese money anyway so who cares if they shut down

[+52, -5] I hope YG keeps going down like this until they hit rock bottom

[+39, -3] Burning Sun butterfly effect boomerang ㄷㄷ

[+37, -3] This is great news ~!!ㅋㅋ

[+29, -4] Is Yang still the CEO of YG???

[+25, -2] It couldn't have happened to a better person ㅋ

[+22, -3] I'm sick and tired of anything YG

[+20, -3] Eh..I hate them both equally

  1. G-Dragon
  2. Seungri
  3. Yang Hyun Suk
83 110,856 Share 81% Upvoted

29

Xxxbrego768 pts Friday, December 27, 2019 8
Friday, December 27, 2019

Naaaah sounds normal for me that's how business works if you're business didn't going well just sell it and focus on something else.

Share

8 more replies

25

Violetta1234,122 pts Friday, December 27, 2019 3
Friday, December 27, 2019

At this point it's only good business sense to get rid of underperforming assets. They're trying to stabilise the core business, they don't need money pits like this. Also, nice to see @emmamadison24 still has a hard on for all things YG 🙃

Share

3 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

New Message

SEND