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On March 13th , YG Entertainment shares an official statement that they terminates exclusive contract with Seungri.
The agency relayed in an official statement :
"Hello , this is YG Entertainment
Following the recent [events] Seungri has been involved in, after the number of issues, we extend our apologies for those who have been involved and affected.
YG Entertainment has acknowledged Seungri's request for contract termination as of March 12th with the recent announcement of his retirement from entertainment. 
As an agency, we do acknowledge that we have not been managing our artists at the best of our ability, and we will be deeply reflecting on our actions. We are aware as an agency we need to improve, we will work alongside all our executives and employees to action accordingly. "

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