Yonhap News21.4.2026Business1 Min. LesezeitSouth Korea
Police Seek Arrest Warrant for Hybe Chairman Bang Si-hyuk Over Alleged Stock Fraud
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- Police have filed for an arrest warrant for Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, on suspicions of unfair stock trading.
- Bang is under investigation for allegedly deceiving investors in 2019 into selling their shares before the company's IPO, through which he reportedly pocketed nearly 200 billion won (US$135.9 million) in illegal profits.
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Police said Tuesday they have filed for an arrest warrant for Bang Si-hyuk, the chairman and founder of K-pop powerhouse Hybe, on suspicions of unfair stock trading. Bang has been under investigation over allegations that he deceived investors in 2019 into selling their shares in Hybe and then holding an initial public offering for the company, through which he pocketed nearly 200 billion won (US$135.9 million) in illegal profits.
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This article was originally published by Yonhap News.
