BLACKPINK’s Lisa Had Been Scammed 1 Billion Won By Ex-Manager

Blackpink's Lisa was cheated by a former manager who had promised to invest her money in real estate on her behalf

Blackpink's Lisa was cheated by a former manager who had promised to invest her money in real estate on her behalf

A former manager at K-pop company YG Entertainment swindled a billion won (or over P41 million) from Lisa of the girl group Blackpink, a Korean entertainment news site reported Tuesday.

BLACKPINK member Lisa was swindled out of one billion won [USD 817,661] by a former manager, who wasted it on gambling.

According to Market News, "A" had been with Lisa since she was a rookie when she debuted as part of BLACKPINK in 2016.

"Lisa is a foreign member of BLACKPINK, and she has been alone in Korea since she was young, so she can be very vulnerable to these kinds of things, such as economic ideals. It is a serious matter that can damage the image of [proper] Korean management", a source had shared with Market News.

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Through their official website, YG Entertainment announced that the promised the female idols, amidst the preparation for their three-month-long promotion, are also getting ready for their solo debut release, sequentially after their major comeback album release which will be BLACKPINK's first full-length album in September 2020.

"According to Lisa's wishes of an amicable settlement, as he was a former manager she trusted, "A" has agreed to reimburse some of the money he stole while the rest of the money will be paid back through a repayment plan, and he has left the company".

YG Entertainment said in a statement that the former manager had taken responsibility for the wrongdoing.

YG Entertainment said that measures would be taken to prevent such incidents from occurring again. "We are very regretful the manager abused the trust-based relationship a manager should have had with the artist, while also feeling responsible for [not properly] supervising".

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