Seoul Police Seek Detention Warrant for BTS Founder in IPO Probe
TL;DR
South Korean police moved to detain Bang Si-hyuk, founder and chairman of Hybe (the BTS agency), in a probe into Hybe’s 2020 IPO, charging him with fraudulent/unfair trading and illicit gains of about 190 billion won (roughly $129 million) via a private-equity arrangement that allegedly misled early investors; Bang denies wrongdoing, authorities have raided Hybe’s Seoul HQ, seized shares, and he’s been barred from leaving the country as the investigation progresses, with Hybe’s stock dipping on the news.
- South Korean Police Seek Arrest of BTS Agency Founder Bang Si-hyuk The Hollywood Reporter
- South Korea police seek detention warrant for BTS agency founder Bang Reuters
- Music executive behind K-pop group BTS faces arrest in South Korea The Guardian
- Police Seek Arrest of BTS Agency Hybe’s Billionaire Founder Bang Bloomberg.com
- [Exclusive] Hybe denies seeking US help to lift Bang Si-hyuk’s travel ban The Korea Herald
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