US Edition
BTS Agency HYBE Raided over Alleged Fraud Trading
SEOUL, SOUTH KOREA, JUL 24 – Authorities allege Bang Si-hyuk deceived early investors to profit illegally from HYBE's 2020 IPO, with suspected gains around 400 billion won ($292 million), officials said.
- Authorities launched a raid at HYBE's Yongsan District office, with the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit conducting a search, targeting allegations of unfair share trading by chairman Bang Si-hyuk.
- Earlier this month, authorities alleged misconduct, and the Securities and Futures Commission filed a complaint, accusing Bang Si-hyuk of gaining around 200 billion won through illicit trading practices.
- A warrant secured on July 17, the Seoul Metropolitan Police Agency’s Financial Crime Investigation Division began the search at Yongsan District, amid jurisdiction disputes and private equity ties.
- HYBE's shares slid roughly 6 percent, while the company denies wrongdoing, and BTS's comeback now depends on stability.
- Legal experts expect more proceedings in coming weeks as President Lee Jae Myung's transparency push supports the ongoing probe and BTS prepares for a 2026 comeback.
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31 Articles
31 Articles
The music label Hybe manages, among other things, BTS, probably the most famous K-pop band in the world. Now the police have searched the rooms of the headquarters in South Korea – it's all about accusations against the label chief.
·Germany
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The South Korean authorities conducted a search and seizure at the headquarters of the Hybe agency, as part of a fraud investigation against its founder, who launched the famous boy band with multiple records.
·Paris, France
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Radio France Internationale+9 Reposted by 9 other sources
BTS agency HYBE raided over alleged fraud trading
·Paris, France
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Coverage Details
Total News Sources31
Leaning Left4Leaning Right3Center4Last UpdatedBias Distribution36% Left, 36% Center
Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
36% Center
L 36%
C 36%
R 27%
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