A representative from YG Entertainment recently stated,

“We haven’t been able to confirm with G-Dragon. Around Christmas time, each of the members had 2 – 3 days off for themselves. The label didn’t take any part in their own personal time off, so we don’t know if G-Dragon went to Phuket. The photo hasn’t been confirmed as well.”

On the subject of G-Dragon and Mizuhara Kiko possibly dating, the representative quickly dismissed the rumor saying, “They’re not dating.“

Sources: Soompi, eNewsworld, Nate, Allkpop via bbupdates, YGUNITED