K-pop mogul Bang Si-hyuk faces arrest over fraudulent trading allegations
South Korean police have requested a court warrant to arrest Bang Si-hyuk, founder of Hybe and creator of the globally successful boy band BTS, on charges of fraudulent trading.Authorities allege that Bang misled investors in 2019 by denying plans for a public listing of his company while secretly preparing for it.Hybe, valued at $7.3 billion, went public on South Korea's Kospi stock exchange in October 2020.Police claim Bang profited approximately 200 billion won (around $136 million) from the alleged deception.Bang denies all allegations and maintains that his actions were lawful.The investigation has included raids at Hybe's headquarters, freezing of some... [Continue Reading]
360LiveNews | 22 Apr 2026 02:31 LONDON
