YG Entertainment to take legal measures against malicious rumors about their artists

YG Entertainment has announced that they will no longer tolerate the ongoing, malicious rumors about the company’s celebrities. The company stated that they plan to take legal action against perpetrators who spread baseless rumors.
On November 3rd, YG Entertainment stated, “We’ve recently heard malicious rumors involving our stars and marijuana usage, including Park Bom, Sandara Park, and Minzy. These rumors have been spreading on news outlets, stock reports, and social networking sites. They are absolute nonsense.”
They continued, “At first, it was so ridiculous that we simply ignored the rumors.  However, the rumors were spreading so fast that we have decided we will no longer tolerate the situation anymore. We plan on taking legal measures with an attorney.”
YG Entertainment further stressed, “We will say this again, these rumors are absolutely false, so fans do not need to worry.  There are some media outlets, news outlets, and stock reports that have been reporting on these false stories. We plan on taking legal action against them for defamation and spreading false information.”
They continued, “We will submit a formal complaint tomorrow [November 4th] in the morning.  Furthermore, we plan on investigating anyone who is related to the cause of the problem with the help of Seoul’s Cyber Police.”
YG Entertainment’s stocks have been taking a hard hit because of these drug-related scandals. The agency reportedly lost around 3 billion Korean Won ($2.7 million USD) in total over G-Dragon‘s marijuana scandal, as their stock prices dropped from 24,600 to 22,100 Korean Won per share ($22 to $20 USD). At this time, reports regarding the current status of their stocks over these new developments have yet to be revealed.