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The practice has diminished since South Korea's Fair Trade Commission forbade the practice in eight of the country's leading entertainment companies back in 2017, Variety reported.
South Korea's tax agency launched a probe into YG Entertainment for alleged tax evasion, reported Yonhap, citing evidence that founder Yang Hyun-suk owned a different nightclub in Seoul that he registered as a restaurant to avoid higher business taxes.
‘Kua kua’ groups (夸夸群) are chat groups where people share some things about themselves – even if they are negative things – and where other people will always tell them how great they are, no matter what.
Kua kua groups (夸 ‘‘ literally means ‘praise’) have become all the rage in China.
Yang Min-suk, the CEO of YG Entertainment, has kept his job after surviving a shareholder vote last week to remove him, reported Yonhap. (I) will faithfully cooperate with the relevant authorities in charge of investigations," Yang said before the shareholder's meeting.
His brother Yang Hyun-suk, the founder of YG Entertainment, remains as chairman.