Yang Hyun Suk’s Hongdae Club Shuts Down Social Media Accounts Following Reports
YG Entertainment‘s Yang Hyun Suk has recently been accused of illegally evading taxes with his club business in Hongdae.
Seungri’s Hongdae Club That Was Illegally Evading Taxes Was Actually Owned By Yang Hyun Suk
Following reports of the issue, the club has closed down its official Facebook page and changed its Instagram account to private mode.
The Facebook page had apparently shown videos of customers enjoying themselves at parties that were held by Love Signal (the club). This included people dancing on the long stages that were installed in between the tables.
It was previously revealed that the club supposedly run by Seungri, Club X, has since changed its name to Love Signal and that the actual owner of the club was Yang Hyun Suk and his brother Yang Min Seok, rather than Seungri.
Yang Hyun Suk was accused of evading taxes on this business as it was registered under “general restaurant” when, in fact, it sold alcohol and allowed customers to dance on their alleged stage as with any other club. By registering the business under “general restaurant” rather than “adult entertainment business”, Yang Hyun Suk was reportedly able to evade approximately 13% in additional taxes.