Big Bang's Seungri, aka Korea's Great Gatsby, named in sex probe

Big Bang's Seungri, aka Korea's Great Gatsby, named in sex probe”

His agency, YG Entertainment Inc, told Reuters it did not have any fresh comment on his position. I've made a decision to retire from the entertainment industry because of the huge social controversy that has arisen. "I will cooperate (with the) ongoing investigation and clarify every suspicion", he wrote on Instagram.

Known as "Korea's Great Gatsby" for his lavish lifestyle, the 28-year-old is suspected of supplying prostitutes to foreign investors at several nightclubs in Seoul's upmarket Gangnam district.

On Monday, Seungri (born Lee Seung-hyun) posted a message on his personal Instagram account, expressing his intent to retire. The police are questioning at least three other people implicated in the Kakaotalk conversations in which it is alleged Seungri also participated.

The singer, who also owns a global franchise restaurant business, suspended his entertainment career in February and cancelled concerts scheduled for later this month.

The singer was also questioned by police in February over reports of drug-taking and sexual assault at the Burning Sun club, where he was a public relations director.

'I have faced heavy criticism from the public for the last month and-a-half and I'm being probed by all investigative authorities in the country, ' Seungri said. I personally can not tolerate causing harm to everyone around me in order to save myself.

A petition surfaced last week calling for him to step aside after causing "unrecoverable damage to the group's reputation".

I would like to apologize one more time.

"I guess I need to wait until the issue of Seungri is resolved", said Yoon Joonwon, a fund manager at HDC Asset Management, who holds "a few shares" in K-Pop stocks.

In 2011, band leader G-Dragon was investigated for smoking marijuana, which is illegal in South Korea, but was released without charge.

Seungri is starting his two-year mandatory military service from March 25, according to Yonhap.

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