Seoul Police Seek Detention Warrant for BTS Founder in IPO Probe
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.