(UPDATED) ‘I believe that the truth of the current media reports and malicious gossip will be revealed through investigations,’ says the entertainment executive who has been accused of providing prostitutes to investors

Published 5:18 PM, June 14, 2019

Updated 7:12 PM, June 14, 2019

STEPPING DOWN. YG Entertainment CEO, shown here at an event in August 2013, announces his resignation. Photo by Starnews / Starnews / AFP

MANILA, Philippines (UPDATED) – YG Entertainment founder Yang Hyun-suk has announced that he is stepping down from his position, amid controversies surrounding a number of the agency’s artists.

In a statement reported by , the entertainment executive apologized to fans of YG Entertainment celebrities, as well as the

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