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Prosecutors reject arrest warrant for Hybe chairman Bang Si-hyuk in stock trading probe
En desarrollo
Crime·24.04.2026Resumen IA

Prosecutors reject arrest warrant for Hybe chairman Bang Si-hyuk in stock trading probe

Seoul prosecutors have rejected a police request for an arrest warrant for Hybe chairman Bang Si-hyuk, citing insufficient evidence. Bang is accused of deceiving investors in 2019 into selling their shares before the company's IPO, allegedly obtaining about 260 billion won (US$175.28 million) in illegal profits. The prosecution has requested a supplementary investigation rather than detention. Bang has denied the allegation, maintaining the IPO followed regulations. Police raided the Korea Exchange and Hybe headquarters in 2025 as part of the probe.

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Yonhap News
Prosecutors Reject Arrest Warrant for Hybe Chairman Bang Si-hyuk in Stock Trading Probe
En desarrollo
Business·24.04.2026Resumen IA

Prosecutors Reject Arrest Warrant for Hybe Chairman Bang Si-hyuk in Stock Trading Probe

Seoul prosecutors have rejected a police request for an arrest warrant for Hybe chairman Bang Si-hyuk, citing insufficient evidence. Bang is accused of fraudulent unfair trading under the Capital Markets Act, allegedly deceiving investors in 2019 into selling shares before Hybe's IPO to pocket about 260 billion won ($175.28 million) in illegal profits. The prosecution has requested a supplementary investigation while Bang denies the allegations, insisting the IPO followed regulations.

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Yonhap News
Seoul Police Request Arrest Warrant for Hybe Founder Bang Si-Hyuk Over Alleged Stock Fraud
Urgente
Business·21.04.2026Resumen IA

Seoul Police Request Arrest Warrant for Hybe Founder Bang Si-Hyuk Over Alleged Stock Fraud

Seoul Metropolitan Police Agency has requested an arrest warrant for Hybe founder Bang Si-hyuk for alleged fraudulent stock trading in 2019, accusing him of misleading investors into selling shares to a linked private equity fund ahead of the company's IPO. The case has taken a diplomatic turn with the US embassy in Seoul reportedly requesting South Korean authorities to allow Bang to travel to the US while under investigation.

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SCMP Economy
Police Seek Arrest Warrant for Hybe Chairman Bang Si-hyuk Over Alleged Unfair Stock Trading
En desarrollo
Business·21.04.2026Resumen IA

Police Seek Arrest Warrant for Hybe Chairman Bang Si-hyuk Over Alleged Unfair Stock Trading

South Korean police filed for an arrest warrant for Hybe chairman Bang Si-hyuk on suspicions of unfair stock trading, allegedly deceiving investors in 2019 before the IPO to pocket nearly 200 billion won in illegal profits. Meanwhile, the KOSPI breached a pre-Middle East-crisis high, the US partially limited intelligence sharing on North Korea-related technology, and the new BOK chief vowed cautious monetary policy.

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Yonhap News
Police Seek Arrest Warrant for Hybe Chairman Bang Si-hyuk Over Alleged 200 Billion Won Illegal Profits
En desarrollo
Business·21.04.2026Resumen IA

Police Seek Arrest Warrant for Hybe Chairman Bang Si-hyuk Over Alleged 200 Billion Won Illegal Profits

Police have filed for an arrest warrant for Bang Si-hyuk, founder and chairman of K-pop powerhouse Hybe, on suspicions of unfair stock trading. Bang allegedly deceived investors in 2019 into selling their shares before the company's IPO, pocketing nearly 200 billion won (US$135.9 million) in illegal profits. Under South Korea's Capital Market Act, making 5 billion won or more through investment fraud can result in life imprisonment. Bang's side denies the allegations, saying the IPO followed the law. Police raided the Korea Exchange and Hybe headquarters after receiving a tip-off in late 2024.

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Yonhap News