Yonhap News4/24/2026BusinessSouth Korea
Prosecutors Reject Arrest Warrant for Hybe Chairman Bang Si-hyuk in Stock Trading Probe
Seoul prosecutors cite insufficient evidence for detention; Bang accused of pocketing 260 billion won in alleged illegal profits from pre-IPO share sales
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- 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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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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This article was originally published by Yonhap News.
