BTS Military Information Used in Insider Trading; Multiple HYBE Staffers Sentenced to Prison
SEOUL, SOUTH KOREA, JUL 22 – Three HYBE subsidiary employees received suspended prison terms and fines after avoiding over 230 million won in losses by trading on nonpublic information before BTS's military enlistment announcement.
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South Korea Police Raid Offices of K-Pop Powerhouse HYBE over Share Probe
SEOUL, July 24 (Reuters) – South Korean police raided offices at the headquarters of K-pop agency HYBE on Thursday over allegations of unfair share trading involving the company chairman, a source familiar with the matter said.
BTS military information used in insider trading; multiple HYBE staffers sentenced to prison
HYBE insiders busted for selling stocks before BTS military enlistment news broke, while airline staff leaked BTS flight info to obsessive fans, both scandals now under criminal prosecution.
Three Ex-HYBE Employees Sentenced for Using BTS Enlistment Info to Sell Shares Early - K-POP NEWSWIRE
Three former employees of labels under HYBE have been sentenced to suspended prison terms for insider trading related to BTS’s military enlistment. On July 22, the Seoul Southern District Court found the individuals guilty of using non-public information to sell company stock before the announcement of BTS’s temporary group hiatus. According to the court, the employees sold their HYBE shares just before the public learned that BTS would pause t…
BREAKING NEWS: HYBE EMPLOYEES RECEIVE SUSPENDED SENTENCES AND SLAP-ON-THE-WRIST PUNISHMENT FOR SELLING STOCKS AFTER LEARNING ABOUT BTS'S MILITARY ENLISTMENT IN ADVANCE
Avoided Losses of About 230 Million Won Court: “Undermined the Public Integrity of the Capital Market” Employees from HYBE affiliates who sold HYBE stock after learning in advance about BTS’s military enlistment and upcoming hiatus were sentenced to suspended prison terms in their first trial. On July 22, the Seoul Southern District Court’s Criminal Agreement Division 13 (Chief Judge Kim Sang-yeon) sentenced Kim (37), a former employee of Source…
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