SEOUL, June 2 (Yonhap) -- K-pop group BLACKPINK's Thai member Lisa fell victim to financial fraud by her former manager, the singer's agency disclosed Tuesday.
"Through an internal investigation, we have learned that Lisa had fallen victim to monetary fraud by her former manager," YG Entertainment said.
The amount of financial losses Lisa faced reportedly ranged in the hundreds of millions of won.
YG said that Lisa and the person in question reached a settlement.
The former manager, according to YG, compensated Lisa for part of the incurred losses. The rest is to be compensated under a plan agreed upon by both parties.
The former manager is no longer employed by the entertainment company, YG added.
Having debuted in 2016, Lisa is the lead rapper and dancer of the K-pop quartet. The band plans to release a new single later this month.
Advertising controversy grips S. Korean mukbang YouTubers
With star-studded release calendar, August poised to be colossal month for K-pop
Love, quantified: K-pop super fans keen on competitive goals, numeric milestones
(News Focus) Amid growing IPO rumblings, Big Hit shifts away from heavy reliance on BTS
BTS cements presence in world music scene with 4th Billboard win