Yang Hyun-suk photographed on Aug. 20, 2013. 

More than two decades since founding YG Entertainment in 1996, founder Yang Hyun-suk announced on Friday (June 14) that he has stepped down from playing any role in the company. Over the years, YG has launched and managed the careers of many of K-pop’s biggest acts over the years, including , , , and . The move came after months of instability at YG following a series of high-profile legal scandals surrounding the company and its artists, with Yang’s actions increasingly coming under scrutiny.

A from Yang shared through YG Entertainment’s website expressed the K-pop mogul’s thoughts on the situation.

“I’ve dedicated the past 23 years of my life to YG Entertainment. It brought me great happiness to support

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