Seungri, who was reported to have filed a lawsuit against singer Shin Eun Sung for fraud, withdrew his lawsuit. 

According to what a number of entertainment industry insiders said Friday, Seungri officially canceled his suit against Shin Eun Sung, whom he had sued because she never paid back the money he had lent her for real estate investment. 

SEE ALSO: Seungri denies reports about leaving Korea to pursue business in China, responds to being mocked with the nickname "Defeat"

A rep is reported to have stated, "Because Seungri could not get in touch with Shin Eun Sung for a year, he proceeded with a lawsuit but he was able to reach her some time afterwards, and the two were able to resolve any misunderstandings." 

It's good to hear that what could have been a complicated affair was resolved with good feelings for both parties! Let's hope the rest of 2016 for our Big Bang maknae is also smooth sailing.