UPDATE: New reports have surfaced stating that T.O.P's condition has improved.
It has been reported that the BIGBANG rapper is now in a stable condition, with improvements seen in his breathing and pulse.
The report states that hopefully T.O.P will be moved from the intensive care ward to start treatment in the next few days.
The company apologised to fans for the events of the past few days, before accepting responsibility for what has happened and wishing for T.O.P to recover soon.
Here's YG's statement in full:
"This is YG Entertainment.
We want to apologize to everyone who has been disappointed and hurt by the series of horrible events that recently involved T.O.P.
According to the hospital briefing, T.O.P was transferred to the emergency room at Ehwa University Mokdong Hospital on June 6 after losing consciousness at the 4th Seoul Metropolitan Police Agency.
We hope that T.O.P regains his health as soon as possible.
YG have a sense of responsibility we need to take for what happened. We fell short of everyone's expectations, we will accept the fan's reprimands with a heavy heart. We will also do our best to prevent similar problems from occuring in the future.
Once again, we would like to apologize to everyone we have worried."
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