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.
BTS' big win reignites debate on military service of K-pop stars
Billboard win brightens prospects of BTS' long-awaited Grammy nod
BTS rewrites K-pop history with song that wasn't even supposed to happen
K-pop sensation BTS back to record-smashing spree with 'Dynamite'
Advertising controversy grips S. Korean mukbang YouTubers