On the morning of 17 August, South Korean news outlets such as The Korea Herald reported that the police were carrying out a search and seizure of the YG Entertainment headquarters located in the Mapo district of Seoul.
The raid was ordered by the Seoul Metropolitan Police Agency at 9am that morning. This was to gather evidence for the charges of illegal gambling overseas that former CEO of YG Entertainment, Yang Hyun-Suk and ex-Big Bang member, Seungri have been booked with.
Just three days ago, on 14 August, the police announced that both Yang and Seungri are booked for habitual gambling overseas, as gambling is illegal in South Korea. It was revealed via an internal investigation into Yang's finances that the former CEO had gambled billions of won at the MGM Hotel in Las Vegas as well as Macau. This directly goes against South Korea's anti-gambling laws that still holds true despite the incident occurring overseas.
However, Yang's personal home was not included in the search and seizure process.
According to YTN news, a Seoul Metropolitan Police Agency official told the press that they will be summoning both Yang and Seungri as soon as the search is complete for further interrogations on any evidence found within the YG Entertainment headquarters.
Meanwhile, Yang has been placed under a travel ban to prevent him from fleeing the country. Seungri has already been under a travel ban since March 2019, due to police investigations into the Burning Sun scandal.
The story is still developing, stay tuned for more updates.