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YG artists are seen as having especially distinctive styling among K-Pop artists.
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YG said on Wednesday it would terminate Lee's contract at his request.
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But it felt too soon to tour Rae Sremmurd and YG again.
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Kaepernick thanked Big Sean and YG via social media for supporting him.
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Yang is the biggest shareholder of YG, which he established in 1996.
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YG and Big Sean via social media voiced their displeasure about the omission.
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In a statement after the February media report, YG Entertainment said it was false.
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But then his wife set up a meeting with her management company, YG Entertainment.
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The move could also help accelerate YG's push into fashion.
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Entertainment and JYP Entertainment, YG has been the most active in diversifying beyond music.
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Following the February media report YG Entertainment said in a statement the report was false.
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K-Pop agency YG Entertainment Inc has not scheduled any concerts in China since July 2016.
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Hussle appeared on the 2016 track with fellow emcee YG, the subject featured in the clip.
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And y'all go up for this YG fella.
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Shares in YG slid by almost 16%, while other K-pop management companies also suffered losses.
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His agency, YG Entertainment Inc, told Reuters it did not have any fresh comment on his position.