US EditionHYBE, Company Behind BTS & LE SSERAFIM, Raided Amid Insider Trading Investigation | Just Jared: Celebrity News and Gossip
- On May 28, 2025, prosecutors in Seoul conducted a search of HYBE’s headquarters amid allegations related to illegal securities activities involving its chairman, Bang Si Hyuk.
- The investigation arises from allegations that Bang misled investors in 2019 by denying IPO plans while HYBE actively pursued listing preparations and contracted a designated auditor.
- Bang allegedly arranged undisclosed profit-sharing agreements with private equity funds founded by associates and earned approximately 400 billion KRW, about 30% of post-IPO profits.
- South Korea’s Financial Supervisory Service regards these activities as deceptive market manipulation under the Capital Markets Act, where illegal profits exceeding 5 billion KRW can result in life imprisonment.
- Authorities plan to fast-track prosecution requests against Bang, aiming to reinforce transparency and accountability in Korea’s capital markets amid concerns over similar undisclosed IPO deals.
15 Articles
15 Articles
HYBE Cooperating With Authorities in Insider Trading Investigation
Prosecutors raided the Seoul headquarters of HYBE — the K-pop agency behind such global acts as BTS and Seventeen — on Thursday amid allegations of insider trading involving a former executive. In a statement shared with Variety, the company confirms it is cooperating with local authorities as the investigation unfolds. The Seoul Southern District Prosecutors’ […]
HYBE, Company Behind BTS & LE SSERAFIM, Raided Amid Insider Trading Investigation | Just Jared: Celebrity News and Gossip
HYBE, Company Behind BTS & LE SSERAFIM, Raided Amid Insider Trading Investigation HYBE is being investigated. The massive company that manages BTS, LE SSERAFIM and other major K-Pop acts has been raided as part of an insider trading investigation,…
BTS Management Company HYBE Raided in Insider Trading Investigation
HYBE -- the company that manages BTS and other major K-Pop acts -- has been raided as part of an insider trading investigation ... according to reports out of South Korea. The Korea Times reported early Thursday the Seoul Southern District…
Hybe founder under probe over IPO flaws
Bang Si-hyuk, founder and chairman of the powerhouse K-pop entertainment company Hybe, has been under investigation over charges that he intentionally misled investors ahead of the company's stock market debut, industry sources said Wednesday. According to the sources, the Financial Supervisory Service (FSS), the country's financial watchdog, has been probing Bang on speculation that he had sought to list Hybe on the stock market while stressing…
Financial Supervisory Service Investigates Allegations of Fraudulent Illegal Trading at the Time of Bang Si-Hyuk's Hive IPO
(Seoul = Yonhap News) Reporter Chae Sae-rom = The Financial Supervisory Service is investigating allegations of fraudulent and unfair trading by Bang Si-hyuk, founder of Hive [352820].
HYBE in Hot Water: BTS’ agency Raided amid Financial Scandals
Happy Mag https://happymag.tv $289 million buys a lot of legal trouble. ⚖️ Prosecutors stormed HYBE’s Seoul headquarters this week, unravelling a twin storm of financial controversies rocking the K-pop giant. The Seoul Southern District Prosecutors’ Office... Happy Mag https://happymag.tv
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