5:36 pm - 06/12/2019

YG stocks continue to fall following B.I’s departure from iKON

YG Entertainment’s stocks proceed to drop further.

On June 12, Dispatch reported on B.I allegedly attempting to purchase illegal drugs. The rapper then personally announced his departure from iKON, and YG confirmed that he will be leaving both his group and agency.

As of June 12, YG’s stocks are priced at 31,950 won (approximately $27), which is a 4.05 percent decrease from the previous day.

YG has been seeing a downtrend in their stocks beginning around late February following the recent events surrounding the agency. In March, their stock prices plummeted to approximately 30,000 won (approximately $25).

YG’s market capitalization fell from 834.7 billion won (approximately $705.6 million) in January to 581.4 billion won (approximately $491.5 million) on the day of this article.

Source: Naver via Soompi
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benihime99 12th-Jun-2019 10:03 am (UTC)
peachypearl 12th-Jun-2019 10:22 am (UTC)
Fair enough. I deleted all of the YG music I had off my computer even if it was illegally downloaded, unfollowed their artists on Spotify :/ I feel bad about spending money seeing G-Dragon perform live, it wasn't even that great lol.

It really sucks for the artists who might not be involved but all the money goes to the company, and I'd rather not support that with SO much public knowledge. It just feels wrong.
aures 12th-Jun-2019 11:14 am (UTC)
it's just not right to support a company like this, i can get a thing or 1 or 2 or 3... but this is too much, i'll definitely follow you in this, A+ move, good job!
psychedelico_ 12th-Jun-2019 10:45 am (UTC)
xoxkenzxox 12th-Jun-2019 01:39 pm (UTC)
pikapika217 12th-Jun-2019 11:04 am (UTC)
someone save akmu and all the other girls!
aures 12th-Jun-2019 11:12 am (UTC)
*drugging YG artists sliding off YG's stock chart.gif*
honeebs 12th-Jun-2019 11:27 am (UTC)
what was the drug? weed?

ahhfuck i like ikon it won't be the same, like 2pm with no jay.
neway damn that company is paying some serious karmic debt.

gathyou 12th-Jun-2019 11:32 am (UTC)
He tried to buy weed and LSD, and tried to get a discount on the LSD by buying a larger amount lol
gathyou 12th-Jun-2019 11:34 am (UTC)
Good, good
obligatory comment wishing for all the female artists still under YG to break free
dior_chic 12th-Jun-2019 11:35 am (UTC)
Yea they all (plus that brother in Akmu) should just abandon ship, Sure it would be complicated and messy but wow would it be epic
921227 12th-Jun-2019 11:52 am (UTC)
Damn. He makes up a good portion of IKONs sound, I can't image them w/o him.

But also, damn! With all the mess surrounding YGE lately, I would be on my super best behavior
goshipgurl 12th-Jun-2019 12:19 pm (UTC)
It just hit me that he's the guy on Lee His comeback track..... Oh my. She doesn't deserve this.
lizanka23 12th-Jun-2019 03:48 pm (UTC)
i hope she won't be affected by this with accusations or something like that
kashiyaek 12th-Jun-2019 12:19 pm (UTC)
i need all the trainees or young artists under yg or just anyone that is considering to join to get the fuck out.
i'm not naive enough to think this is only happening in yg, but it sure as hell seems to be way more common, normalized and on a bigger scale than we've ever seen before. i wouldn't be surprised if seniors (like big bang members) enable and peer pressure the younger idols/trainees to feed into this culture. TOP didn't get questioned enough for having drug parties with young, female trainees.
dior_chic 12th-Jun-2019 12:25 pm (UTC)
‘TOP didn't get questioned enough for having drug parties with young, female trainees.’

That creep sure fucking didn’t
ashdevilrun23 12th-Jun-2019 01:06 pm (UTC)
Poor lee hi should have promoted no way instead
kenziekinz09 12th-Jun-2019 01:08 pm (UTC)
Fall YG so Cube can rise!
mikachi613 12th-Jun-2019 03:21 pm (UTC)
after what they did to HyunA and E-Dawn, Cube deserves to rot
krissasaur 12th-Jun-2019 01:13 pm (UTC)
Doesn't seem like the smartest dude. Yes, buy illegal drugs when your whole companies every action is under a microscope lol.
rainstormraider 12th-Jun-2019 02:13 pm (UTC)
He bought them in 2016. It’s being speculated that it’s why iKon was most likely shipped off to Japan for a while.
the3rdjester 12th-Jun-2019 01:51 pm (UTC)
Not at how that pos YG dropped B.I so fast for this drug scandal (I read that he thought of doing drugs and didn't actually go with it, is it true?), while he defended Seungri, a sexual predator and whole-ass sex trafficker, and it took him ages to terminate his contract. I can't fucking believe this bs.
rainstormraider 12th-Jun-2019 02:15 pm (UTC)
He also made up a story about GD’s drug scandal as well as bailed TOP out of his. It’s pretty clear that he was willing to go the distance for Big Bang but just bribed the cops for the rest.
volume1995 12th-Jun-2019 01:54 pm (UTC)
oooo he got scammed for just a lil acid lmaooooooooooooo
yeah real real smart to buy hard drugs when you know youre in a yg boyband
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