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South Korea Police Seek Detention Warrant for Bts Agency Founder Bang ...
Police say Bang Si-hyuk misled investors before Hybe’s IPO and earned nearly 200 billion won in illicit profits, according to the warrant request.
- On Tuesday, the Seoul Metropolitan Police Agency filed for an arrest warrant for HYBE Chairman and founder Bang Si-hyuk, citing suspicions of unfair stock trading tied to the company's initial public offering.
- Police allege Bang misled early investors into selling shares before the IPO, allowing him to pocket roughly 190 billion won in illicit gains through a private equity fund linked to his associates.
- Under the Capital Market Act, convictions for making 5 billion won or more through fraudulent investment practices carry a minimum of five years in prison; Bang has denied any wrongdoing.
- Bang has been subject to a travel ban since August 2025, though the United States Embassy in Seoul recently requested authorities allow him to travel to the United States for a BTS tour.
- HYBE shares reversed gains following the report, falling 2.9% as of 0215 GMT, while the company maintains that its IPO followed all necessary laws and regulations.
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The Straits Times
The Straits TimesSouth Korea police seek detention warrant for BTS agency founder Bang
SEOUL — South Korean police have requested a detention warrant for Bang Si-hyuk, the chairman of Kpop agency HYBE, over alleged illegal trading tied to
·Manila, Philippines (the)
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Coverage Details
Total News Sources16
Leaning Left3Leaning Right3Center4Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 30%
C 40%
R 30%
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