Investors Panic as K-Pop Stocks Plummet Amid Drug Investigation Involving BigBang’s G-Dragon and Parasite Star

The flagging rally in K-pop stocks is facing a new headwind from concerns over recent police investigations into drug use by Korean celebrities.

Kwon Ji Yong — better known as G-Dragon, leader of the popular music group BigBang — was arrested by police for allegedly using illegal drugs, according to Yonhap News.