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"Currently, we have no additional comment we want to add in regards to this.
It has still yet to be decided whether or not his contract will be terminated.
After stating that he will comply with the police investigation, the singer took to Instagram to announce his retirement from the entertainment industry.
According to Allkpop, a Korean entertainment news portal, YG Entertainment made a statement after this announcement.
Therefore, he has been banned from leaving the country.
30-year-old singer, Jung Joon-Young is now embroiled and will be investigated as well, due to his participation in disseminating hidden camera footages.
In the group chat, Joon-Young has allegedly sent sex videos, photos of unconscious women as well as body parts of women.
The full chat was obtained through his phone and is now currently being investigated by the police.
Yesterday, more evidence surfaced against Seungri and this time, other male celebrities as well.