The news comes less than a week since the announcement of his military enlistment.
After getting entangled in a series of controversies involving sexual escort services accusations for which he was allegedly a part of, Seungri of K-Pop group BIGBANG released a statement on Instagram announcing that he will no longer be part of the entertainment industry.
Announcing his retirement through a lengthy message, Seungri wrote: "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."
He then went on: "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 has 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," he concluded the statement he wrote as translated by Soompi.
Seungri, who is yet to reveal the exact date of his retirement, comes less than a week since reports of his forthcoming enlistment in the military on March 25 came out.
Last January, Seungri, whose real name is Lee Seung-hyun, held a show at the Mall of Asia Arena as part of his The Great Seungri Tour 2019.
Former 2NE1 member and a close friend of his, Sandara Park, also joined the show as his special guest.