Between February 25 and March 15, 2019, five major South Korean entertainment companies lost 17.52 percent in value, with their market value dropping from 3.35 trillion won (around US$2.96 billion) to 2.76 trillion won.
Stocks dropped for the "big three" K-pop management companies: YG Entertainment (Seungri's company), 24.8 percent, SM Entertainment, 20 percent, JYP Entertainment, 5.5 percent; and additional 20 percent drops for Cube Entertainment and FNC Entertainment.
But, on April 11, while the scandal was still under investigation, entertainment companies were forecast by experts (FinGuide Inc. and a Hyundai Motor Securities analyst) to post solid profit growth in 2019, with substantial operating profits for the three big labels; while others added that K-pop's financial reliance on YouTube was unlikely to be affected.
However, by September 16, YG Entertainment stocks had dropped by nearly half since January 7.

Actress Park Han-byul, who married Yoo of Yuri Holdings in 2017, first stated that she knew nothing more than his being Seungri's business partner, but made a public apology on March 19, after it was reported that she and her husband had played golf previously with the high-ranking police offiicial under investigation for collusion with the nightclubs in the scandal.
She said she would not leave a major role in the television drama Love in Sadness, despite calls from some viewers for her to do so.

YG Entertainment discontinued sales of merchandise featuring Seungri, and major networks and cable companies deleted episodes of programs both Seungri and Jung had appeared in.
In another YG Entertainment artist's scandal, on June 12, 2019, idol B.I, whose real name is Kim Han-bin, age 23, a songwriter and leader of K-pop band iKon, quit his group after the media outlet Dispatch revealed 2016 KakaoTalk messages of him attempting to purchase LSD from a suspected drug dealer, which he admitted to.
YG Entertainment, still under scrutiny for allegations concerning their former artist Seungri and head Yang in the Burning Sun scandal, quickly ended their contract with B.I, stating their "sense of responsibility in managing its associated artists"; and Yang resigned from the agency on June 14, amidst allegations of police collusion to cover up the case.

Seoul's EDM festivals responded that they would not hold after-parties in 2019 in Gangnam's clubs, due to the Burning Sun police investigation.
The festivals were often promoted in association with entertainment clubs and Ultra Korea, Seoul World DJ Festival and Spectrum Dance Music Festival all held after-parties in 2018 at the Burning Sun, among other clubs.
An organizer for the largest, Ultra Korea, said that due to the scandal's allegations of sex crimes involving GHB or "mulpong", and cannabis use at festivals, plans were being made to mobilize detection dogs, bag checks and X-rays for monitoring drug trafficking this year.

Gangnam's nightclubs, usually "a pilgrimage site for K-pop fans", immediately saw a tapering of Chinese tourists, followed by a general decline of customers to nightclubs and lounge bars.
Bars that were registered as general restaurants with the Ministry of Food and Drug Safety, where dancing is not allowed, a tactic used by clubs in the Burning Sun scandal to avoid paying higher taxes, underwent a strict monitoring, causing a subdued atmosphere with "Please do not dance" signs posted and police checking in, to enforce the rule.
In late October, France's Ministry of Europe and Foreign Affairs released an informational report (not a travel alert) for travelers to South Korea, advising caution due to reported cases of GHB and assault drugs at clubs in Hongdae, Itaewon and Gangnam, following earlier French media reports of the Burning Sun scandal.

After internet users raised rumors about the possible involvement of several actresses in the scandal, Go Joon-hee, who was managed by YG Entertainment in 2015, first objected on social media, then filed a libel suit for defamation against twelve of them, citing damages to her career, and Han Hyo-joo filed a c
Between February 25 and March 15, 2019, five major South Korean entertainment companies lost 17.52 percent in value, with their market value dropping from 3.35 trillion won (around US$2.96 billion) to 2.76 trillion won. Stocks dropped for the "big three" K-pop management companies: YG Entertainment (Seungri's company), 24.8 percent, SM Entertainment, 20 percent, JYP Entertainment, 5.5 percent; and additional 20 percent drops for Cube Entertainment and FNC Entertainment. But, on April 11, while the scandal was still under investigation, entertainment companies were forecast by experts (FinGuide Inc. and a Hyundai Motor Securities analyst) to post solid profit growth in 2019, with substantial operating profits for the three big labels; while others added that K-pop's financial reliance on YouTube was unlikely to be affected. However, by September 16, YG Entertainment stocks had dropped by nearly half since January 7.
Actress Park Han-byul, who married Yoo of Yuri Holdings in 2017, first stated that she knew nothing more than his being Seungri's business partner, but made a public apology on March 19, after it was reported that she and her husband had played golf previously with the high-ranking police offiicial under investigation for collusion with the nightclubs in the scandal. She said she would not leave a major role in the television drama Love in Sadness, despite calls from some viewers for her to do so.
YG Entertainment discontinued sales of merchandise featuring Seungri, and major networks and cable companies deleted episodes of programs both Seungri and Jung had appeared in. In another YG Entertainment artist's scandal, on June 12, 2019, idol B.I, whose real name is Kim Han-bin, age 23, a songwriter and leader of K-pop band iKon, quit his group after the media outlet Dispatch revealed 2016 KakaoTalk messages of him attempting to purchase LSD from a suspected drug dealer, which he admitted to. YG Entertainment, still under scrutiny for allegations concerning their former artist Seungri and head Yang in the Burning Sun scandal, quickly ended their contract with B.I, stating their "sense of responsibility in managing its associated artists"; and Yang resigned from the agency on June 14, amidst allegations of police collusion to cover up the case.
Seoul's EDM festivals responded that they would not hold after-parties in 2019 in Gangnam's clubs, due to the Burning Sun police investigation. The festivals were often promoted in association with entertainment clubs and Ultra Korea, Seoul World DJ Festival and Spectrum Dance Music Festival all held after-parties in 2018 at the Burning Sun, among other clubs. An organizer for the largest, Ultra Korea, said that due to the scandal's allegations of sex crimes involving GHB or "mulpong", and cannabis use at festivals, plans were being made to mobilize detection dogs, bag checks and X-rays for monitoring drug trafficking this year.
Gangnam's nightclubs, usually "a pilgrimage site for K-pop fans", immediately saw a tapering of Chinese tourists, followed by a general decline of customers to nightclubs and lounge bars. Bars that were registered as general restaurants with the Ministry of Food and Drug Safety, where dancing is not allowed, a tactic used by clubs in the Burning Sun scandal to avoid paying higher taxes, underwent a strict monitoring, causing a subdued atmosphere with "Please do not dance" signs posted and police checking in, to enforce the rule. In late October, France's Ministry of Europe and Foreign Affairs released an informational report (not a travel alert) for travelers to South Korea, advising caution due to reported cases of GHB and assault drugs at clubs in Hongdae, Itaewon and Gangnam, following earlier French media reports of the Burning Sun scandal.
After internet users raised rumors about the possible involvement of several actresses in the scandal, Go Joon-hee, who was managed by YG Entertainment in 2015, first objected on social media, then filed a libel suit for defamation against twelve of them, citing damages to her career, and Han Hyo-joo filed a c
Burning Sun scandal