Following recent controversies, BIGBANG’s Seungri has announced his retirement.

On March 11, he shared the following statement on Instagram:

This is Seungri.

At this point, I think it would be best if I retire from the entertainment industry. I decided on retiring from the entertainment industry as the issues that I caused a societal disturbance with are too major. Regarding the issues that are being investigated, I will be investigated diligently and reveal all the suspicions.

Receiving criticism and hate from the public for the past month and a half and with the situation of all the investigative agencies in the country currently investigating me, I am even being cornered as a traitor of the nation. I personally cannot tolerate causing harm to everyone around me in order to save myself.

I sincerely thank all of the fans in and outside of Korea who have given me lots of love for the past 10 years, and I think this is where I stop even if it’s at least [to protect] the honor of YG and BIGBANG.

Again, I am sorry and apologize once again.

I have been thankful to everyone until now.