Prosecution Again Rejects Arrest Warrant Request for HYBE Chairman
Prosecutors cited insufficient follow-up investigation in the case, which alleges Bang Si-hyuk made 260 billion won in illegal profits before HYBE’s IPO.
- On Thursday, the Seoul Southern District Prosecutors Office rejected a police request for an arrest warrant for HYBE Chairman Bang Si-hyuk, citing insufficient supplementary investigation into his alleged unfair stock trading case.
- Bang allegedly pocketed about $179.2 million in profits through deceptive schemes violating the Capital Markets Act during a 2019 initial public offering to investors.
- Violations involving profits exceeding 5 billion won carry penalties of life imprisonment or at least five years, with police launching the probe in late 2024 after receiving a tip-off.
- The United States Embassy in Seoul recently requested that police allow Bang to travel to the United States for the K-pop supergroup BTS' world tour.
- Despite Bang's denial that the initial public offering followed legal regulations, he remains under a travel ban imposed in August 2025 and has undergone multiple rounds of police questioning.
10 Articles
10 Articles
The Korea Times
The Korea HeraldProsecution again rejects arrest warrant request for HYBE chairman
Prosecutors said Thursday they have again rejected a police request for an arrest warrant for Bang Si-hyuk, chairman and founder of K-pop powerhous...
(Seoul = Yonhap News) Reporter Kim Chae-rin = The prosecution has... an arrest warrant for HIVE Chairman Bang Si-hyuk, who is suspected of deceiving investors into selling their shares ahead of an initial public offering (IPO)...
Police Reapply for Arrest Warrant for HYIVE Chairman Bang Si-hyuk The Seoul Metropolitan Police Agency's Financial Crimes Investigation Unit reapplied for an arrest warrant on the 30th of last month against HYIVE Chairman Bang Si-hyuk, who is suspected of fraudulent trading under the Capital Markets Act for deceiving shareholders into selling their shares during the company's listing process to pocket profits. The police...
HYV Chairman Bang Si-Hyuk Caught in Police-Prosecution Warrant Dismissal Again… HYV Stock Rises 1.6%
[Digital Daily Reporter Cho Eun-byeol] HYIVE Chairman Bang Si-hyuk appears to be caught in a standoff between the prosecution and the police, unable to move forward or backward. However, HYIVE's stock price closed at 247,500 won on this day, up 1.64% from the previous day. Analysts suggest that the issue has already been reflected in the stock price. On the 7th, the Joint Investigation Division for Financial and Securities Crimes at the Seoul S…
South Korean police have reportedly renewed their request for an arrest warrant for 'BTS's creator' - HYBE chairman Bang Si Hyuk - in connection with allegations of securities trading fraud ahead of the company's initial public offering (IPO), Kbizoom reports.
Bang Si Hyuk Arrest Warrant Rejected Again Amid HYBE Investigation - ZAPZEE - Premier Korean Entertainment Magazine
Credit: HYBE Prosecutors have once again rejected a police request for an arrest warrant against HYBE chairman Bang Si Hyuk amid an ongoing investigation tied to the company’s IPO process. On May 7th, the Joint Investigation Team for Financial and Securities Crimes of the Seoul Southern District Prosecutors’ Office confirmed it had dismissed the warrant request resubmitted by Seoul Metropolitan Police Agency the day before. “After reviewing the …
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