Seoul — A member of South Korean K-pop band Big Bang, who goes by the stage name Seungri, has been charged with providing prostitutes to foreign investors in his private club, media reported on Sunday, sending shares of his agency as much as 14 percent lower.

His agency, YG Entertainment Inc, one of South Korea's three major K-pop talent agencies, told Reuters on Monday that it was aware the singer had been charged, however, it did not have any new comment. — Reuters