Burning Sun Club, Linked to Former BIGBANG Member Seungri, Declared Bankrupt After 6 Years
In a significant development in the long-running Burning Sun scandal, Burning Sun Entertainment, where former BIGBANG member Seungri served as an internal director, has been declared bankrupt by the Seoul Rehabilitation Court.
Key Points:
- The court issued a simplified bankruptcy order on March 18, 2025.
- This process occurs when the debtor’s assets are valued at less than 500 million won at the time of bankruptcy declaration.
- Burning Sun Entertainment will now enter liquidation proceedings.
Background of the Burning Sun Scandal
- Burning Sun, a nightclub in Seoul’s Gangnam district, opened in February 2018.
- The club became embroiled in the “Burning Sun Gate” scandal, involving allegations of:
- Assault
- Sex crimes
- Drug distribution
- Collusion with police
Seungri’s Involvement and Legal Consequences
Seungri, a key figure in the scandal, faced 8 charges including:
- Prostitution
- Embezzlement
- Violation of food sanitation law
- Habitual gambling
- Violation of foreign exchange law
He was sentenced to 1 year and 6 months in prison, released in February 2023.
Other Notable Cases Related to the Scandal
- Singer Jung Joon-young and former FT Island member Choi Jong-hoon were convicted of gang-raping an intoxicated woman in 2016 and illegally filming and distributing the footage.
- Jung served 5 years in prison, while Choi served 2 years and 6 months.
This bankruptcy declaration marks a significant closing chapter in one of the most notorious scandals in recent K-pop history, highlighting the long-lasting repercussions of the case on both individuals and businesses involved.
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