'Overseas Gambling Expedition' Yang Hyun-seok Sentenced to 15 Million Won Fine (Update)

Yang Hyun-suk, former CEO of YG Entertainment, who is accused of engaging in overseas gambling involving hundreds of millions of won, is attending the sentencing trial held on the 27th at the Western District Court in Mapo-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Jeong Dong-hoon] Yang Hyun-suk, former CEO and producer of YG Entertainment, who is accused of overseas gambling, was sentenced to a fine in the first trial.

On the 27th, Judge Park Soo-hyun of the Criminal Division 9 at the Seoul Western District Court held a sentencing hearing for Yang Hyun-suk, former CEO of YG Entertainment, who was indicted on gambling charges, and delivered this sentence.

In the trial held on the 28th of last month, the prosecution requested the court to sentence former CEO Yang to a fine of 10 million won. For Kim (37) and Lee (41), co-CEOs of YGX, a YG subsidiary, who were also tried on the same charges, the prosecution sought fines of 10 million won each, and for Geum (48), a fine of 7 million won. The prosecution explained, "Although there is no prior record of the same offense, we considered the number of gambling instances, amounts, and duration."

Yang and others are accused of habitual gambling from 2015 until last year. They were prosecuted for gambling baccarat, blackjack, and other games with stakes worth about 400 million won over more than 20 occasions at casinos in Las Vegas, USA.

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